FOR IMMEDIATE RELEASE OCTOBER 25, 2004 

Contact:

Richard E. Leone
Manager - Investor Relations
rleone@rtiintl.com
330-544-7622

RTI INTERNATIONAL ANNOUNCES THIRD QUARTER RESULTS

Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI) released results today for the third quarter of 2004.

The Company reported a net loss for the third quarter of $2.2 million, or $0.10 per share, on sales of $53.9 million. Third quarter results included the recognition of $2.4 million in expense related to the implementation of Section 404 of the new Sarbanes-Oxley requirements. Results for the third quarter of 2003 were a loss of $2.5 million, or $0.12 per share, on sales of $50.2 million.

The Titanium Group shipped 1.6 million pounds of mill products at an average realized price of $13.51 per pound during the quarter. The Group’s operating results improved by $2.6 million over the third quarter of 2003, as cost reductions more than offset lower prices. Third quarter sales of $37.6 million, including intercompany sales of $25.1 million, generated a $1.0 million operating loss. During the same period a year ago, the Group had an operating loss of $3.6 million on sales of $38.8 million, including $24.9 million of intercompany sales.

The Titanium Group’s third quarter performance included a $1.4 million operating loss at its Niles, Ohio plant where non-represented personnel have been operating the facility since October, 2003 when former hourly employees declined a new contract offer. The Niles plant results represent a significant improvement over the third quarter of 2003, when the facility lost $3.4 million, and the second quarter this year, when it lost $3.0 million. The plant’s current quarter shipments exceeded shipments in both of those prior periods.

The Fabrication & Distribution Group had an operating loss of $1.5 million on sales of $50.7 million during the third quarter. In addition to conditions in many of the markets to which it sells, the Group’s financial performance in the quarter was impacted by the additional expense related to the Sarbanes-Oxley implementation. For the same period in 2003, the Group had an operating loss of $0.6 million on sales of $36.2 million.

Commenting on the quarter, Timothy G. Rupert, President and CEO, said, “While RTI’s third quarter results reflect the production of low-priced orders taken at the bottom of the commercial aerospace downturn, market conditions are improving. Demand for titanium is improving, as is our order backlog. The initial cost of implementing Sarbanes-Oxley should be substantially reduced in the fourth quarter. As we go through 2005, we expect that increased capacity utilization and further cost reduction will result in a return to profitability in the Titanium Group. Activity should increase in the Fabrication & Distribution Group as well. We are excited about the acquisition of Claro Precision, Inc., which was completed earlier this month. Claro’s ability to perform precision machining and produce subassemblies will enhance our fabricating capability, open new markets and improve profitability.”

The statements in this release relating to matters that are not historical facts are forward-looking statements that may involve risks and uncertainties including, but not limited to, the outcome of labor negotiations, the current impact of global events on the commercial aerospace industry, military spending, global economic conditions, the competitive nature of the markets for specialty metals, the assimilation of Claro Precision, Inc. into RTI, 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. To learn more about RTI International Metals, Inc., visit our website at www.rtiintl.com.

NOTE: RTI International Metals, Inc. has scheduled a conference call for Tuesday, October 26, 2004, at 3:30 p.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/Canada) 800-230-1093 or (International) 612-332-0226 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, October 29, 2004, by dialing (USA/Canada) 800-475-6701 or (International) 320-365-3844 and Access Code 749199.