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News Release

Carpenter Technology Declares Quarterly Cash Dividend

PHILADELPHIA, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable December 6, 2018, to shareholders of record on October 23, 2018. The ex-dividend date (the date the common stock trades without the dividend) is October 22, 2018.

About Carpenter Technology

Carpenter Technology Corporation (NYSE: CRS) is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. www.cartech.com.

Media Inquiries:          
William J. Rudolph, Jr.
+1 610-208-3892        
wrudolph@cartech.com

Investor Inquiries:
Brad Edwards             
The Plunkett Group
+1 212-739-6740
brad@theplunkettgroup.com

Carpenter Technology Corporation

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