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News Release

Carpenter Technology Announces First Quarter Conference Call and Webcast

WYOMISSING, Pa.--(BUSINESS WIRE)--Oct. 7, 2004--Carpenter Technology Corporation (NYSE:CRS) plans to host a conference call and webcast on Monday, October 25, at 1:30 p.m., Eastern time, to discuss the results of operations for the quarter ended September 30, 2004.

Please call 610-208-2800 for the conference call telephone number and passcode. The webcast will be hosted by Thomson/CCBN and can be accessed at Carpenter's web site at www.cartech.com.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

Carpenter, based in Wyomissing, PA, is a leading manufacturer and distributor of stainless steel, specialty alloys, titanium and various engineered products. More information about Carpenter is available at www.cartech.com with selected products available online at www.carpenterdirect.com.


    CONTACT: Carpenter Technology Corporation
             Jaime Vasquez, 610-208-2165
             jvasquez@cartech.com

    SOURCE: Carpenter Technology Corporation

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