RTI earnings soar as shipments jump 38.7%
May 03, 2012 | 04:13 PM
| Frank Haflich
Tags
RTI International Metals,
quarterly earnings,
Dawne Hickton,
titanium,
Remmele Engineering,
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.....
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