This Day On The Street
Continue to site
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)

They believed in Latrobe, they believed in the cycle, and they believed in Carpenter and the synergies. So they swapped their equity for our equity. And what that did was that, not only kept very valuable players in the game with us, but it also meant that we were able to keep our balance sheet pretty clean, when you consider all the investments that we are making. And we’ll reference that and that gives us not only stability, but flexibility as we move forward.

We also completed four acquisitions in the oil and gas industry. And we are very pleased about. As you can see the relative growth that Amega West our largest single acquisition in the areas had relative to the rig count growth. And the reasons for that are simple. There is a great team there in the right environment. They have very strong talents and connections in the marketplace, but with the backing of Carpenter, they’ve been able to get access to materials, technology, and other resources that have helped them to grow their business.

But it’s also help the Legacy Carpenter business to get closer to the OEMs. So some of the materials that we know can add value to down hole completions and applications like that. We now have a way of giving that voice to be end customer, and we are seeing it, it really take hold. We have since done several other acquisitions, really focused on expanding our capabilities, as well as our ability to cover other parts of the globe. And I think the logic behind that will be very self-evident in short order here as we continue.

Finally, here, I would like to note that we have taken a strong effort in commercializing technology. And I am going to touch on it briefly. But you are going to hear it in every market discussion we have. Dr. Tim Armstrong will speak to some of these as we move forward in the presentation.

9 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.98 -0.68%
FB $117.92 -0.12%
GOOG $701.06 0.77%
TSLA $212.71 -4.40%
YHOO $36.99 2.80%


Chart of I:DJI
DOW 17,635.55 -15.71 -0.09%
S&P 500 2,049.63 -1.49 -0.07%
NASDAQ 4,720.37 -5.2690 -0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs