“For EPS purposes, our net pension expense for fiscal year 2013 is now calculated to be $68.4 million or $0.83 per share – versus our prior estimate of $59 million due to the impact of a lower year-end asset balance and a lower interest rate than we assumed in our April call. The EID component of the fiscal year 2013 expense is $31.9 million. Our expected tax rate for the year is still 34 percent.“As we’ve said before, free cash flow for fiscal year 2013 is expected to again be negative, with capital spending of about $350 million, due in large part to our new Alabama facility investment. We anticipated this investment in our financing actions last year, and continue to have a strong balance sheet and liquidity.”
Carpenter Technology Reports Fourth Quarter Results
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