Backlog sets stage for rosy '06 Timet outlook

Nov 11, 2005 | 07:54 AM |

Net income at Titanium Metals Corp. (Timet) rose 36.5 percent in the third quarter on a 58.1-percent boost in sales, and the chief executive of the Denver-based producer says he sees good times lasting through next year and beyond.

TITANIUM METALS CORP.(in thousands except per share) 200520043rd qtr. ended Sept 30Net sales$190,000$120,200Net income35,90026,300Per share0.790.719 months ended Sept 30Net sales$529,000$364,900Net income114,20028,500Per share2.530.85J. Landis Martin, Timet's chairman and chief executive officer, said the company's third-quarter operating income of $51.3 million beat its previous high of $40.4 million reached at the peak of the last major titanium cycle in the fourth quarter of 1997.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results