RTI sales up, earnings down

RTI International Metals posted higher sales but lower earnings in the second quarter.

The titanium producer today reported sales of $159.8 million in the quarter, compared with $154 million in the same quarter last year. Second-quarter earnings were $18.6 million, or 81 cents a share, compared with $21 million, or 90 cents a share, for the same period last year.

The company said demand increased in the second quarter but average selling prices for its mill products were down.

RTI is the parent company of RTI Niles, which used to be known as RMI Titanium Co.

For more information, see Tuesday’s Vindicator or www.vindy.com.