RTI sees profits hold steady in first quarter

May 01, 2013 | 04:32 PM |

Tags  RTI International Metals, Dawne Hickton, titanium, titanium spot market, defense market, sequestration, titanium mill products, Frank Haflich

LOS ANGELES — RTI International Metals Inc. saw flat profits in the first quarter, but the company expects improvement as the commercial aerospace sector ramps up in the second half.

The Pittsburgh-based titanium producer, fabricator and distributor posted first-quarter net income of $5.66 million vs. $5.63 million in the same period last year on sales that jumped 21.3 percent to $187.47 million from $154.57 million. ....

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