Health-care law dents RTI’s earnings

Feb 27, 2014 | 05:09 PM | Frank Haflich

Tags  RTI International Metals, Dawne Hickton, Boeing, 787 Dreamliner, earnings report, impairment charge, health-care legislation, Frank Haflich

LOS ANGELES — RTI International Metals Inc. logged a net loss in the fourth quarter, due in part to uncertainty over the impact of new U.S. federal health-care regulations on the medical device business.

The Pittsburgh-based titanium producer, fabricator and distributor took a noncash charge of $18 million for goodwill and other intangible asset impairments for the three months ended Dec. 31, citing "operational issues" and the "impact of uncertainty in the medical device market associated with recent changes and rollout of U.S. health-care law and regulations," the company said in its earnings report Feb. 27. ....

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