RTI International Metals Earnings: Here’s Why Shares are Down Now
RTI International Metals, Inc. (NYSE:RTI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.85%.
RTI International Metals, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.26% to $0.18 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 15.14% to $187.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RTI International Metals, Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $178.56 million.
Quoting Management: “RTI’s first quarter financial results reflect earlier than planned collection of duty drawback, continued operational improvements and a favorable mill product mix,” Dawne S. Hickton, Vice Chair, President, and CEO of RTI said. “Our anticipated full year operating performance continues to be driven by the same items that existed at the end of 2012, specifically, we expect our mill product shipments to Airbus and the Joint Strike Fighter to remain as previously forecasted, and expect the Boeing 787 pi-box seat track program will continue to ramp to a ten ship sets per month run rate towards year end.”
Key Stats (on next page)…