RTI’s fabrication group helps boost profits

Oct 31, 2012 | 03:11 PM | Frank Haflich

Tags  RTI International Metals, titanium, earnings, fabrication group, Dawne Hickton, 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....

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