RTI International’s fourth-quarter profit soars
Feb 06, 2013 | 05:21 PM
| Frank Haflich
Tags
RTI International,
earnings report,
titanium,
Remmele Engineering,
Dawne Hickton,
Frank Haflich
LOS ANGELES — RTI International Metals Inc. saw its earnings rise sharply in the fourth quarter, with lower scrap input costs, accelerated shipments to the energy market and the addition of the company’s largest-ever acquisition offsetting lower titanium shipments.
The Pittsburgh-based titanium producer, fabricator and distributor expects some "softness" in the first half of 2013, but it anticipates a pickup later in the year, vice chairwoman, president and chief executive officer Dawne S. Hickton said. ....
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