Carpenter reports sales increase

Carpenter says that its net sales for Q4 2019 were US$641.4 million, compared with US$618.0 mil-lion in Q4 2018, an increase of US$23.4 million. 

Full year net sales were US$2,380.2 million, an increase from US$2,157.7 million in 2018.  

The company said that it had year-on-year net sales growth of 12% in aerospace and defense and 17% in medical end-use markets.

‘The fourth quarter marked the end to a successful year as we generated our strongest quarterly operating income performance since fiscal year 2013,’ said Tony Thene, Carpenter CEO. ‘The fourth quarter’s operating income results were driven by a continued strong product mix as we generated double digit sequential and year-over-year revenue growth in the aerospace and defense end-use market. […] This past year we significantly advanced our additive manufacturing platform by adding powder lifecycle management solutions through the acquisition of LPW Technology Ltd. In addition, the expansion of our soft magnetics capabilities remains on track as we seek to capitalize on the dis-ruptive impact of electrification across multiple end-use markets.’

This story uses material from Carpenter, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.