FOR IMMEDIATE RELEASE FEBRUARY 1, 2005 

RTI ANNOUNCES 2004 RESULTS

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

The Company reported a net loss for the year of $2.8 million, or $0.13 per share, on sales of $214.6 million, including several non-recurring charges. These pretax charges include the recognition of $6.5 million of expense related to the implementation of Section 404 of the new Sarbanes-Oxley requirements (a portion of which will be ongoing), a $1.2 million LIFO charge related to inventory reductions made during the year and a $1.3 million charge related to the discontinuance of the Company’s welded tubing operations. Results for the year 2003 were a net income of $4.7 million, or $0.23 per share, on sales of $195.0 million.

Both 2004 and 2003 included payments under a supply agreement that required minimum purchases by The Boeing Company, resulting in other income of approximately $9 million and $8 million, respectively.

The fourth quarter of 2004 resulted in a loss of $3.9 million, or $0.18 per share, on sales of $60.9 million. The quarter included $6.1 million of pretax expense related to the three items above. The same period in 2003 resulted in a net income of $1.9 million, or $0.09 per share, on sales of $45.7 million.

Mill product shipments for the fourth quarter were 2.0 million pounds versus 1.4 million pounds in the year earlier period and 1.6 million pounds during the third quarter of 2004. Average realized per pound prices for those periods were $13.61, $15.51, and $13.51, respectively.

Mill product shipments for the year totaled 6.6 million pounds as compared to 5.9 million in 2003, a credit to the management of the Company’s Niles, Ohio plant, who operated RTI’s principal mill product facility during a yearlong labor dispute that was settled in December. Average realized prices for 2004 were $13.99 versus $15.95 in 2003, primarily reflecting the price deterioration that occurred during the commercial aerospace downturn, when these orders were booked. Orders booked in 2004, for production in 2005, carry significantly higher prices.

Lower realized prices, partially offset by cost improvements, resulted in an $11.7 million operating loss for the Titanium Group in 2004, including Sarbanes-Oxley and LIFO charges totaling $3.9 million. Sales for the Group were $154.3 million, including inter-company sales of $101.2 million. In 2003, the Group produced a $2 million operating loss on sales of $148.0 million, $91.2 million of which were to affiliated companies.

The Fabrication & Distribution Group had an operating loss in 2004 of $1.4 million, including Sarbanes-Oxley charges of $3.8 million. Domestic distribution units were the strongest contributors within the Group. Sales for the year were $161.0 million. The Group earned $0.7 million in 2003 on sales of $148.8 million.

Commenting on the Company’s results, Timothy G. Rupert, President and CEO, said, “RTI’s 2004 results reflect a mix of factors, some of which were anticipated and managed well, such as low order volumes from commercial aerospace at deteriorated prices and the work stoppage at the Niles plant, while others were largely outside of the Company’s control, like the high initial cost of Sarbanes-Oxley 404 compliance. Market conditions improved during the year, both in terms of volume and pricing. RTI’s order backlog more than doubled in the second half. Recently announced contracts with Airbus and BAE, as well as a new relationship with Bombardier through the acquisition of Claro Precision in the fourth quarter, will all contribute to a much better year in 2005.”

The statements in this release relating to matters that are not historical facts are forward-looking statements that may involve risks and uncertainties. These include, but are not limited to, 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, the design and effectiveness of the Company’s internal control over financial reporting, 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. The information contained in this release is qualified by and should be read in conjunction with the statements and notes filed with the Securities and Exchange Commission on Forms 10-K and 10-Q, as may be amended from time to time. RTI’s independent accountants have not completed their year-end audit of 2004 results. The Company’s 2004 results are subject to completion, audit and the filing of its Annual Report on Form 10-K.

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 Thursday, February 3, 2005, at 3:00 p.m., Eastern Time, to discuss this press release. To participate in the call, please dial toll free (USA/Canada) 800-938-0653 or (International) 973-935-2408 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 Sunday, February 6, 2005, by dialing (USA/Canada) 877-519-4471 or (International) 973-341-3080 and Digital Pin Code 5610562.

Contact:

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

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