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Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI) released results today for the first quarter of 2003.

The Company reported net income for the first quarter of $4.3 million, or $0.21 per share, on sales of $58.5 million. Results for the first quarter of 2002 were a net income of $8.0 million, or $0.39 per share, on sales of $65.7 million.

The Company is party to a supply agreement that requires minimum annual purchases by The Boeing Company. In 2002, Boeing failed to meet those minimums and accordingly, made a payment of $8.3 million in liquidated damages to the Company during the first quarter of 2003, which added $5.2 million, or $0.25 per share, to net income. Results for the first quarter of 2002 included a similar payment, which added $4.4 million or $0.21 per share.

Titanium mill product shipments for the first quarter were 1.4 million pounds, our lowest shipping quarter in over 20 years. Realized prices averaged $16.58 per pound. Reflecting the severe downturn in commercial aerospace markets, the Titanium Group had a first quarter operating loss of $3.4 million on sales of $32.7 million, including intercompany sales of $18.5 million. During the first quarter of 2002, the Group had operating income of $4.5 million on sales of $50.2 million, including $28.4 million of intercompany sales.

The Fabrication & Distribution Group earned operating income of $1.8 million on sales of $44.3 million during the first quarter. Market conditions in commercial aerospace had a negative effect on a number of the Group’s units. However, RTI Energy Systems and domestic distribution managed relatively good performances. The Group’s operating loss for the first quarter of 2002 was $0.1 million on sales of $43.9 million.

Commenting on the Company’s results, Timothy G. Rupert, President and CEO, said, “RTI’s performance in the first quarter represents a loss from operations, excluding the Boeing payment, due largely to conditions in commercial aerospace markets, which represent about a third of our business. Air travel, already down since the terrorist attacks of September 11th, 2001, has been reduced further by the war in Iraq and the outbreak of SARS (Severe Acute Respiratory Syndrome). As a result, airlines are removing capacity, aircraft manufacturers are reducing build rates, and it will take longer for commercial aerospace to work out of its downturn than was previously thought. At this point we don’t expect titanium shipments to this sector to improve significantly before 2005. In the meantime, RTI will continue its efforts to reduce production costs and focus on those areas of our business that remain profitable and growing.”

The statements in this release relating to matters that are not historical facts are forward looking statements that involve risks and uncertainties including, but not limited to, the current impact of global events on the commercial aerospace industry, military spending, the outcome of pending trade petitions, future global economic conditions, competitive nature of the markets for specialty metals, and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission. Actual results can differ materially from those forecasted or expected.

RTI International Metals, headquartered in Niles, Ohio, is one of the world’s largest producers of titanium. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications for customers around the world.

NOTE: RTI International Metals, Inc. has scheduled a conference call for Wednesday, April 23, 2003, at 10:00 a.m., Eastern 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 (USA) 888-428-4472 or (International) 612-288-0318 a few minutes prior to the start time and specify the RTI International Metals Conference Call. Replay of the call will be available until 11:59 p.m., Eastern Time, on Friday, April 25, 2003, by dialing (USA) 800-475-6701 or (International) 320-365-3844 and Access Code 681270.

	RTI INTERNATIONAL METALS, INC.
	CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited)
	(Dollars in thousands)

				QUARTER ENDED
				MARCH 31,
				2003	2002

	Sales			$ 58,532	$ 65,678
	Cost of sales			52,135	51,882
	Gross profit			6,397	13,796
	Selling, general and
		administrative expenses		7,631	9,060
	Research, technical and
		product development expenses		387	360
	Operating income			(1,621)	4,376

	Other income - net			8,777	8,936
	Interest expense			168	147
	Income before income taxes			6,988	13,165

	Provision for income taxes			2,655	5,134
	Net income			$ 4,333	$ 8,031


	Net income per
		common share:
			Basic	$ 0.21	$ 0.39

			Diluted	$ 0.21	$ 0.38

	Weighted Average Shares
	Outstanding (in thousands):
			Basic	20,812	20,768

			Diluted	20,903	20,898




CONSOLIDATED BALANCE SHEET
(Dollars in thousands)


				MARCH 31,	DEC. 31,
				2003	2002
				(Unaudited)
ASSETS:
	Current assets
		Cash and cash equivalents		$ 46,829	$ 40,666
		Accounts receivable		42,199	38,830
		Inventories		149,875	154,159
		Current deferred income tax asset		2,356	2,356
		Other current assets		4,871	5,934
	Total current assets			246,130	241,945
		Property, plant and equipment, net		90,722	92,554
		Goodwill		34,133	34,133
		Other noncurrent assets		27,808	27,588
	Total assets			$ 398,793	$ 396,220

LIABILITIES AND SHAREHOLDERS' EQUITY:
	Current liabilities
		Accounts payable		$ 12,154	$ 14,711
		Accrued liabilities		11,980	11,018
	Total current liabilities			24,134	25,729
		Accrued pension cost		33,543	33,021
		Accrued postretirement benefit cost		19,942	19,873
		Other noncurrent liabilities		5,658	6,424
	Total liabilities			83,277	85,047
	Total shareholders' equity			315,516	311,173
	Total liabilities and shareholders' equity			$ 398,793	$ 396,220




CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
(Dollars in thousands)

				THREE MONTHS ENDED
				MARCH 31,
				2003	2002
Cash provided by operating activities
	(including depreciation and amortization
	of $3,057 and $3,143, respectively)			$ 7,634	$ 7,592
Cash (used in) investing activities				(1,255)	(1,464)
Cash provided by (used in) financing activities				(216)	18
Increase in cash and cash equivalents				6,163	6,146
Cash and cash equivalents at beginning of period				40,666	8,036
Cash and cash equivalents at end of period				$ 46,829	$ 14,182