Timet logs 9.8% rise in sales, but net income still off in qtr.
May 08, 2012 | 04:17 PM
| Frank Haflich
Tags
Timet,
Titanium Metals,
Bob O'Brien,
Timet Aerospace,
Frank Haflich
LOS ANGELES — Titanium Metals Corp. (Timet) saw first-quarter net income fall despite higher year-on-year sales, mill product shipments and selling prices.
Timet’s quarterly net income attributable to shareholders totaled $25.6 million, down 8.8 percent from $28.9 million a year earlier, while sales rose 9.8 percent to $276.7 million.....
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