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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