Carpenter Technology Corporation ( CRS)

F2Q2011 Earnings Conference Call

January 25, 2011 10:00 a.m. ET

Executives

Mike Hajost – VP and Treasurer, IR

Bill Wulfsohn – President and CEO

Doug Ralph – CFO and SVP, Finance

David L. Strobel - Senior Vice President - Global Operations

Analysts

Chris Olin – Cleveland Research

Edward Marshall – Sidoti & Co.

Brian Yu – Citigroup

Steve Levenson – Stifel Nicolaus

Gautam Khanna – Cowen and Co.

Timothy Hayes – Davenport & Company

Mark Parr – KeyBank Capital Markets

Dan Whalen – Capstone Investments

Presentation

Operator

Good morning and welcome to Carpenter Technology’s second quarter earnings conference call. My name is Caitlyn and I will be your coordinator for today. At this time, all participants will be in a listen-only mode.

After the speakers remarks you will be invited to participate in the Question-and-Answer Session towards the end of this call. (Operator Instructions)

I would now like to turn the all over to your host for today, to Mr. Mike Hajost, Vice President and Treasurer. Please proceed.

Mike Hajost

Thank you, Kaitlyn. Good morning everyone and welcome to Carpenter’s earnings conference call for the second quarter ended December 31, 2010. This call is also being broadcast over the Internet.

With us today are Bill Wulfsohn, President and Chief Executive officer, and Doug Ralph, Senior Vice President and Chief Financial Officer, as well as other members of the management team.

Statements made by management during this conference call that are forward looking statements are based on current expectations. Risk factors that could cause actual results to differ materially from these forward-looking statements can be found in Carpenter’s most recent SEC filings, including the company’s June 30, 2010 10-K, its September 30, 2010 10-Q and the exhibits attached to those filings.

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