GlobeNewswire Inc | Jan 21, 2021 04:35PM EST

January 21, 2021

PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation(NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of$0.20per share of common stock, payableMarch 4, 2021, to shareholders of record onFebruary 2, 2021. The ex-dividend date (the date the common stock trades without the dividend) isFebruary 1, 2021.

About Carpenter Technology

Carpenter Technology Corporationis a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, medical, energy, industrial, and consumer electronics markets. Founded in 1889,Carpenter Technologyhas evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications.Carpenter Technologyhas expanded its AM capabilities to provide a complete end-to-end solution to accelerate materials innovation and streamline parts production. More information aboutCarpenter Technologycan be found atwww.carpentertechnology.com.

Media Inquiries: Investor Inquiries:Heather Beardsley The Plunkett Group+1 610-208-2278 Brad Edwardshbeardsley@cartech.com +1 914-582-4187 brad@theplunkettgroup.com