RTI earnings soar as shipments jump 38.7%
May 03, 2012 | 04:13 PM
| Frank Haflich
LOS ANGELES Higher titanium shipments, improved distribution results and the contribution of new acquisitions helped RTI International Metals Inc. more than double its first-quarter earnings.
Net income totaled $5.6 million on sales that rose 34.8 percent to nearly $162.9 million. Titanium mill product shipments jumped 38.7 percent to 4.3 million pounds from 3.1 million pounds in the first three months of last year, although the average realized price fell 3 percent to $19.41 per pound from $20.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.