RTI’s fabrication group helps boost profits
Oct 31, 2012 | 03:11 PM
| Frank Haflich
LOS ANGELES Led by the impact of recent acquisitions that offset a $2.4-million hit from a transformer fire, RTI International Metals Inc.s earnings more than doubled in the third quarter despite flat titanium shipments and prices.
The Pittsburgh-based producer, fabricator and distributor posted net income of nearly $5.63 million for the three months ended Sept. 30 vs. $2.07 million in the same period last year on sales that jumped 31.6 percent to $189.08 million from $143.67 million. For the first nine months of the year, net income soared to $16.41 million from $6.54 million a....
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.