Higher shipments boost Timet 3d-qtr. earnings

Nov 03, 2011 | 02:23 PM | Frank Haflich

Tags  Titanium, Timet, commercial aerospace

LOS ANGELES — Increased shipments of both melted and mill products, along with higher prices for the former, helped boost Titanium Metals Corp.’s earnings 19.4 percent in the third quarter.

The Dallas-based producer posted net income of $25.9 million for the three months ended Sept. 30 on sales that rose 24.8 percent from the same period last year to $262.5 million. ....

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