Q2 2005

Niles, Ohio – RTI International Metals, Inc., (NYSE: RTI) released results today for the second quarter of 2005.

RTI reported net income for the second quarter of $10.6 million, or $0.48 per share, on sales of $95.0 million. In the second quarter of 2004, the Company reported net income of $0.4 million, or $0.02 per share, on sales of $51.8 million.

Demand for RTI’s products was strong during the second quarter at virtually all units. The Company’s order backlog increased 31% to $352 million. Revenues increased 83% over the comparable period last year due to higher shipment volumes and prices, while increased manufacturing activity generated greater cost efficiencies.

During the quarter, the Titanium Group posted sales of $88.1 million, including intercompany sales of $48.4 million, generating operating income of $9.3 million. Titanium mill product shipments for the second quarter were 2.7 million pounds at an average realized price of $14.84 per pound. During the second quarter of 2004, the Group had an operating loss of $2.1 million on sales of $35.0 million, including $22.1 million of intercompany sales. Shipments in the 2004 period totaled 1.5 million pounds at an average price of $14.02 per pound.

The Fabrication & Distribution Group had operating income of $5.8 million on sales of $55.4 million during the second quarter. Results from the comparable period in 2004 were operating income of $1.6 million on sales of $38.9 million.

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.

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, August 9, 2005, at 11:00 a.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, August 14, 2005, by dialing (USA/Canada) 877-519-4471 or (International) 973-341-3080 and Digital Pin Code 6301346.

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


				QUARTER ENDED			SIX MONTHS ENDED
				JUNE 30,			JUNE 30,
				2005		2004	2005	2004

	Sales			$ 95,040		$ 51,809	$ 168,527	$ 102,339
	Cost of sales			69,061		44,099	118,012	91,285
	Gross profit			25,979		7,710	50,515	11,054
	Selling, general and
		administrative expenses		10,522		8,041	21,684	16,379
	Research, technical and
		product development expenses		417		297	783	584
	Other operating income - net			-		97	-	97
	Operating income (loss)			15,040		(531)	28,048	(5,812)
	Other income - net			315		54	453	9,372
	Interest income			238		27	396	26
	Income (loss) before income taxes			15,593		(450)	28,897	3,586
	Provision (benefit) for income taxes			5,013		(776)	9,918	616
	Income from continuing operations			10,580		326	18,979	2,970
	Income from discontinued operations, net of tax			-		107	-	238
	Net income			$ 10,580		$ 433	$ 18,979	$ 3,208

	Net income per common share:
			Basic	$ 0.48		$ 0.02	$ 0.86	$ 0.15

			Diluted	$ 0.47		$ 0.02	$ 0.84	$ 0.15

	Weighted Average Shares
		outstanding (in thousands):
			Basic	22,234		21,202	22,109	21,154

			Diluted	22,657		21,481	22,558	21,466

CONSOLIDATED BALANCE SHEET
(Dollars in thousands)

				JUNE 30,		DECEMBER 31,
				2005		2004
				(Unaudited)		(Audited)
	ASSETS:
		Current assets
			Cash and cash equivalents	$ 71,195		$ 62,701
			Accounts receivable, net	58,500		44,490
			Inventories	177,955		133,512
			Current deferred income tax assets	1,145		1,145
			Income tax receivable	-		3,321
			Other current assets	3,885		3,597
		Total current assets		312,680		248,766
			Property, plant and equipment, net	81,079		82,593
			Goodwill	47,579		46,618
			Other intangible assets, net	16,126		16,040
			Noncurrent deferred income tax assets	3,012		3,012
			Intangible pension asset	3,365		3,365
			Other noncurrent assets	2,609		3,099
		Total assets		$ 466,450		$ 403,493

	LIABILITIES AND SHAREHOLDERS' EQUITY:
		Current liabilities
			Accounts payable	$ 29,088		$ 14,253
			Accrued liabilities	32,587		16,069
		Total current liabilities		61,675		30,322
			Long-term debt	-		-
			Accrued postretirement benefit cost	20,743		20,811
			Accrued pension cost	22,878		21,090
			Other noncurrent liabilities	6,307		7,312
		Total liabilities		111,603		79,535
		Total shareholders' equity		354,847		323,958
		Total liabilities and shareholders' equity		$ 466,450		$ 403,493


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

				SIX MONTHS ENDED
					JUNE 30,
				2005		2004
	Cash provided by operating activities
		(adjustment for items not affecting funds
		from operations of $6,894 and $6,295 respectively)		$ 2,429		$ 9,697
	Cash used in investing activities (net of asset
		disposals of $5 and $75 respectively)		(4,838)		(2,210)
	Cash used in financing activities			10,692		2,034
	Effect of exchange rate changes			211		112
	Increase in cash and cash equivalents			8,494		9,633
	Cash and cash equivalents at beginning of period			62,701		67,970
	Cash and cash equivalents at end of period			$ 71,195		$ 77,603


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