2002 Annual Report Financial Highlights
Titanium Metals Corporation (TIMET) is a leading producer of titanium mill products, with manufacturing and sales locations in both the United States and Europe.Our stock is traded on the New York Stock Exchange under the symbol TIE.
| Years Ended December 31, | |||
| ($ in millions, except per share data) | 2002 | 2001 | 2000 |
| Net sales | $366.5 | $486.9 | $426.8 |
| Gross margin | $(3.1) | $39.9 | $3.9 |
| Operating income (loss) | $(20.8) | $64.5 | $(41.7) |
| Loss before cumulative effect of change in accounting principle | $(67.2) | $(41.8) | $(38.9) |
| Net loss | $(111.5) | $(41.8) | $(38.9) |
| Mill product shipments (MT in 000's) | 8.9 | 12.2 | 11.4 |
| Basic and diluted loss per share* | $(35.29) | $(13.26) | $(12.40) |
| *Reflects one-for-ten reverse stock split effective after the close of trading on February 14, 2003. | |||