This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Carpenter Technology's CEO Hosts Investor & Analyst Conference Call (Transcript)

And we targeted to get a return to our prior EBITDA levels by fiscal year 2014. And I am very pleased to say that, we're well on path to make sure that, that happens in fiscal year 2013. And as you will see on the next page 14, that’s really as we account for without the impact of Latrobe, okay. Latrobe does add to that, but you can see that we expect we will be above the prior peak on the Legacy business.

When you factor in Latrobe, we will be roughly 20% higher. We expect in fiscal year 2013 than the previous peak, so a lot of progress in that area. Mark Kamon, Sanjay Guglani, also Dave Strobel will be talking about how we've been able to achieve that through the market gains. But I will tell you as we focused heavily on enhancing our mix and selling value and going with our limited capacity into areas that ultimately value the kind of technology and quality standards that we can meet.

At the same time, back in the area of optimizing the core, we’ve taken actions, which will flush out as we move to the discussions to double the capacity in our premium metal space. And this is very important, because what we are going to talk about as we go on is that this is an industry that even at this point in time when things are a little bit uncertain, the economy is a little bit unsettled, we are finding that our demand is greater than our ability to supply.

And we think with the demand patterns coming up, but this is actually going to be a challenge for the industry. And so we’ve been very proactive about making the types of investments that will allow us to leverage the demand growth and really bring some value to our shareholders.

7 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs