** Carpenter issued 8.1 million shares of common stock as part of the Latrobe acquisition. The weighted average impact was 8.1 million and 2.7 million shares for the three months and year ended June 30, 2012, respectively.Carpenter Technology Corporation (NYSE:CRS) today reported net income attributable to Carpenter of $40.8 million or $0.77 per share for the quarter ended June 30, 2012. Legacy Carpenter earnings, before Latrobe-related income and share dilution, would have been $0.80 per share. The net accretion from Latrobe’s operating results before inventory fair value cost adjustments, offset by a higher share count, contributed $0.08 per share – resulting in adjusted earnings per share before Latrobe inventory fair value cost adjustments of $0.88. During the quarter, the Company had $0.11 per share of Latrobe inventory fair value cost adjustments, resulting in reported earnings of $0.77 per share. Further detail on the Latrobe impacts to earnings is provided in the attached Non-GAAP Financial Schedules.
Carpenter Technology Reports Fourth Quarter Results
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