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Carpenter Technology (CRS)

Stock (Manufacturing Industry, Steel & Iron Industry)

Carpenter to Sell Ceramics, Approves Share Buyback Carpenter Technology announced the sale of its ceramics businesses to UK-based Morgan Crucible Co. The company also announced plans for a share repurchase plan for up to $250 million of Carpenter's outstanding shares. 2-for-1 Stock Split A 2-for-1 stock split for stock in CRS went into effect today. Q1 Profits Beat Wall Street Estimates Due to strong sales in the company's energy and international markets segments, CRS posted better than expected Q1 profits. Sales to the energy sector rose 94%, while international sales rose 28%, contributing to net sales growing 17%.

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