This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RTI International Metals, Inc. Second Quarter Results Show Strong Year-over-Year Growth In Revenue, Earnings And Order Backlog

RTI International Metals, Inc. (NYSE: RTI) reported today second quarter 2012 financial results showing strong growth in revenue, earnings and order backlog compared with the same period in 2011. The company said its financial performance reflects continuing growth in end markets that include commercial aerospace and energy.

Highlights of RTI’s results for the second quarter of 2012, ended June 30, follow:

Financial Summary

Q2 2012 vs. Q2 2011 comparisons:

  • Q2 2012 net sales were $190.3 million, an increase of 54% over net sales of $123.2 million in Q2 2011.
  • Q2 2012 operating income was $11.9 million vs. $6.1 million in Q2 2011, an increase of 96%.
  • Net income for Q2 2012 rose 143% over the same period in 2011, to $5.2 million or $0.17 per diluted share. Net income for Q2 2011 was $2.1 million, or $0.07 per diluted share.
  • Titanium mill product shipments during the quarter were 4.3 million pounds compared to 3.3 million pounds in 2011, an increase of 30%.
  • Average realized mill product price in Q2 was $19.00 per pound compared to $20.30 per pound during the same period in 2011.
  • The backlog at the end of the quarter increased to $586.0 million from $424.0 million in the same period last year.

2012 Second Quarter and First Half Highlights

During the second quarter of 2012, RTI reported net income of $5.2 million, or $0.17 per diluted share, on net sales of $190.3 million and operating income of $11.9 million. During the second quarter of 2011, RTI reported net income of $2.1 million, or $0.07 per diluted share, on net sales of $123.2 million and operating income of $6.1 million.

For the six months ended June 30, 2012, RTI reported net sales of $353.1 million, compared with net sales of $244.1 million for the same period a year ago. The company also reported first half 2012 operating income of $25.0 million and net income of $10.8 million, or $0.36 per diluted share, compared with operating income of $15.5 million and net income of $4.5 million, or $0.15 per diluted share, for the same period a year ago.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs