FOR IMMEDIATE RELEASE OCTOBER 22, 2001

Contact:

Richard E. Leone
Manager-Investor Relations
330 544 7622

RTI INTERNATIONAL ANNOUNCES THIRD QUARTER RESULTS

  

Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI) released results today for the third quarter 2001.

The Company reported third quarter net income of $2.3 million, or $0.11 per share, on sales of $76.0 million. The results for the comparable 2000 period were net income of $0.4 million, or $0.02 per share, on sales of $61.7 million.

Third quarter 2001 mill product shipments, reflecting an improved product mix, totaled 3.3 million pounds at an average realized price of $12.17 per pound. RTI’s Titanium Group earned operating income of $2.7 million on sales of $38.6 million. The Fabrication & Distribution Group earned $1.2 million on sales of $37.4 million.

Timothy G. Rupert, President and CEO, said, "Third quarter results reflect improved profitability in our Titanium Group due to increased mill product shipments and reduced manufacturing costs. Our distribution businesses continued to perform well during the quarter and, as expected, RTI Energy Systems began to bring the benefits of its growing order backlog to the bottom line.

"Mill product shipments will be lower in the fourth quarter, but the mix should be favorable and we expect further growth in Fabrication & Distribution earnings. As a result, we expect consolidated results in the fourth quarter to be similar to those of the third.

"The impact of the events of September 11^th on our businesses in 2002 is as yet unquantified. Commercial aerospace, approximately 40% of our business, will be negatively affected, but we expect increased demand from military markets, which represent 30%. The remainder will likely be mixed. We expect energy-related business to remain strong. The effect on demand from other industrial markets will depend on the general economy. Whatever the fallout, we will deal with it. We believe that the diversification we have achieved in recent years will serve us well next year."

This news release contains forward-looking statements that involve risks and uncertainties. These include but are not limited to the cyclical nature of the commercial aerospace industry, chemical processing, oil and gas industries, uncertain defense spending, and the competitive market for specialty metals, as well as the uncertain effects on our economy due to the events of September 11, 2001, and the ongoing war against terrorism. Other risks and uncertainties have previously been included in the Company’s filings with the Securities and Exchange Commission, copies of which are available from the SEC or from RTI Investor Relations.

RTI International Metals, Inc., headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products, and extruded shapes, as well as engineered systems for energy-related markets and environmental engineering services. The Company’s products are used for aerospace, industrial, military, and consumer applications.

NOTE: RTI International Metals, Inc. has scheduled a conference call for Tuesday, October 23, 2001 at 11:00 a.m., Eastern Daylight Savings Time, to discuss this press release. Timothy G. Rupert, President and CEO, John H. Odle, Executive Vice President, and Lawrence W. Jacobs, Vice President and CFO, will represent RTI. To participate in the call, please dial toll free (800) 288-8961 a few minutes prior to the start time and specify the RTI International Metals, Inc. Conference Call. Replay of the call will be available until midnight, Eastern Daylight Savings Time, on Friday, October 26, 2001, by dialing (800) 475-6701, Access Code 607606.