Business Description
We develop, manufacture and distribute cast/wrought and powder metal stainless
steels and special alloys including high temperature (iron-nickel-cobalt base),
stainless, superior corrosion resistant, controlled expansion alloys, ultra-high
strength and implantable alloys, tool and die steels and other specialty metals,
as well as cast/wrought titanium alloys. We also manufacture and rent down-hole
drilling tools and components used in the oil and gas industry.
The SAO segment is comprised of the Company’s major premium alloy and
stainless steel manufacturing operations. This includes operations performed
at mills primarily in Reading and Latrobe and surrounding areas in Pennsylvania,
South Carolina and Alabama. The combined assets of the SAO operations are being
managed in an integrated manner to optimize efficiency and profitability across
the total system.
The PEP segment is comprised of the Company’s differentiated operations.
This segment includes the Dynamet titanium business, the Carpenter Powder Products
business, the Amega West business, the Specialty Steel Supply business and the
Latrobe and Mexico distribution businesses. The businesses in the PEP segment
are managed with an entrepreneurial structure to promote speed and flexibility,
and drive overall revenue and profit growth.
Our sales are normally influenced by seasonal factors. Historically, our sales
in the first two fiscal quarters are typically the lowest — principally
because of annual plant vacation and maintenance shutdowns by us, as well as
by many of our customers. However, the timing of major changes in the general
economy or the markets for certain products can alter this historical pattern.
3.91% 
-10.06 %