Carpenter Declares Quarterly Cash Dividend

        
Media Inquiries
William J. Rudolph, Jr.                                                                                           
(610) 208 -3892                                                                                                       
wrudolph@cartech.com                                                                                         

Investor Inquiries:
Michael A. Hajost
(610) 208-3476
mhajost@cartech.com

CARPENTER DECLARES QUARTERLY CASH DIVIDEND

Wyomissing, Pa. (January 28, 2015) - The Board of Directors of Carpenter Technology Corporation CRS, at its meeting yesterday, declared a quarterly cash dividend of $0.18 per share of common stock, payable March 5, 2015, to shareholders of record on February 10, 2015.  The ex-dividend date (the date the common stock trades without the dividend) is February 6, 2015.

# # #

Carpenter Technology, based in Wyomissing, PA, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products. Information about Carpenter can be found at www.cartech.com.