Higher shipments, prices put RTI back in black
Oct 31, 2005 | 06:57 AM
Paced by a nearly 60-percent jump in shipments and higher prices, RTI International Metals Inc. chalked up a financial turnaround in the third quarter.RTI INTERNATIONAL METALS INC.(in thousands except per share) 200520043rd qtr. ended Sept 30Net sales$81,167$50,951Net income (loss)$8,662-$2,167Per share0.38-9 months ended Sept 30Net sales$249,694$153,290Net income$27,641$1,041Per share1.220.05The Niles, Ohio,-based titanium producer and fabricator posted net income of $8.7 million in the three months ended Sept. 30 in contrast to a $2.2-million net loss in the same period last year, when RTI incurred....
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