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.....
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