* Q2 EPS $0.34 vs est loss $0.07/shr
* Q2 sales $106.7 mln, above est
* Sees sustained recovery into 2011
Aug 3 Titanium products maker RTI International
Metals Inc RTI.N posted a surprise second-quarter profit,
mainly due to increased demand for fabricated products to be
used in the Gulf of Mexico oil spill containment efforts.
Sales at the company's fabrication group, which designs and
makes customized titanium-based mechanical and
electro-mechanical components, were up 29 percent at $37.3
For the second quarter, the company posted net income of
$10.2 million, or 34 cents a share, compared with $125,000, or
1 cent a share, a year ago.
Revenue rose slightly to $106.7 million.
Analysts on average were looking for a loss of 7 cents a
share, before items, on revenue of $97.3 million, according to
Thomson Reuters I/B/E/S.
"Our overall operating environment will continue to be
difficult and challenge RTI's ability to generate meaningful
operating income in 2010," Chief Executive Dawne Hickton said.
However, Hickton sees a sustained recovery into 2011.
Shares of the Pittsburgh, Pennsylvania-based company closed
at $30.00 Monday on the New York Stock Exchange.
(Reporting by Vinay Sarawagi in Bangalore; Editing by Anne
Pallivathuckal) ((email@example.com; within
U.S. +646 223 8780; outside U.S. +91 80 4135 5800; Reuters