HAYN earnings

First quarter net revenues of $147.4 million representing a first quarter revenue Company record, despite being unfavorably impacted by a three week unplanned outage at the 4-high hot rolling mill in the Kokomo plant, which delayed production and shipments. This compares to $132.7 million in last year's first quarter.Gross margin for the first quarter of 16.8% of revenue compared to last year's 17.4%.  Excluding the raw material headwind of $5.7 million, adjusted gross margin was an outage impacted 20.6% of revenue compared to last year's $5.6 million headwind and 21.6% adjusted gross margin. First quarter net income of $7.7 million, or $0.60 per diluted earnings per share, compared to last

Company to host conference call on February 9, 2024 at 9:00 AM EST KOKOMO, Ind., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, announced today that it will host a conference call on Friday, February 9, 2024 to discuss its first quarter fiscal year 2024 financial results for the period ended December 31, 2023. A press release announcing the results will be issued after market close on February 8, 2024. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be ava

Fourth quarter net revenues of $160.6 million. Fiscal year 2023 net revenues of $590.0 million, up over 20% from last year, and a Company record year in revenue in both Aerospace and Industrial Gas Turbines. Gross margin for the fourth quarter of 18.5% of revenue. Excluding the raw material headwind of $3.7 million, adjusted gross margin was 20.9% of revenue. Fiscal year 2023 gross margin of 18.6% of revenue. Excluding the raw material headwind of $12.6 million, adjusted gross margin was 20.7% of revenue, compared to 19.8% fiscal year 2022 adjusted gross margin when excluding the favorable raw material tailwind of $(9.4) million. Unfavorable change in estimated raw material impact between

Company to host conference call on November 17, 2023 at 9:00 AM EST KOKOMO, Ind., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, November 17, 2023 to discuss its fourth quarter and fiscal year-end financial results for the period ended September 30, 2023. A press release announcing the results will be issued after market close on November 16, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and

Company record backlog of $468.1 million as of June 30, 2023, up 38.4% year-over-year, with continued strength in aerospace and industrial gas turbine demand.Net revenue of $143.9 million, reduced by an estimated $18-$20 million due to a cybersecurity incident. Company is now back to full production and expects to make up the third quarter cyber-related revenue impact over the next few quarters. Margin compression from the impact of the cybersecurity incident, along with raw material headwinds, resulted in a gross margin of 18.1% of net revenue.Net income of $8.8 million, or $0.68 diluted earnings per share, which was reduced by an estimated $0.40 to $0.45 from the cybersecurity incident and

Company to host conference call on August 4, 2023 at 9:00 AM ET KOKOMO, Ind., July 25, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, August 4, 2023 to discuss its third quarter financial results for the period ended June 30, 2023. A press release announcing the results will be issued after market close on August 3, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To

Order entry of nearly $190 million for the quarter drove a company record backlog of $446.7 million as of March 31, 2023, up 9.4% from previous quarter and up 59.2% year-over-year.Net revenue of $152.8 million, up 30.5% over same period last year, with sales into each of our major markets up 25-30%.Gross margin of 20.2% of net revenue, even with margin compression from raw material headwind.  Excluding the estimated raw material impact, adjusted gross margin was above 21% for the past four quarters.Net income of $12.3 million, up 45.6% from last year's second quarter. Diluted earnings per share of $0.96, up 43.3% from last year's second quarter of $0.67 per share.Revolver balance of $108.0 m

Company to host conference call on May 5, 2023 at 9:00 AM ET KOKOMO, Ind., April 25, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, May 5, 2023 to discuss its second quarter financial results for the period ended March 31, 2023. A press release announcing the results will be issued after market close on May 4, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To parti

Backlog continues to climb achieving company record $408.2 million as of December 31, 2022, up 9.2% from previous quarter and up 87.7% year-over-year.Net revenue of $132.7 million, up 33.4% over same period last year, with sales into aerospace up 33.2%, chemical processing up 30.2% and industrial gas turbines up 78.3%.Gross margin of 17.4% of net revenue, with a higher than expected raw material headwind compressing margins.  Excluding the estimated raw material impact, adjusted gross margin remained above 21%.Net income of $7.7 million, up from last year's first quarter of $4.6 million. Diluted earnings per share of $0.61 compared to last year's first quarter of $0.37.Revolver balance of $8

Company to host conference call on February 3, 2023 at 9:00 AM ET KOKOMO, Ind., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, February 3, 2023 to discuss its first quarter financial results for the period ended December 31, 2022. A press release announcing the results will be issued after market close on February 2, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer q

Fourth quarter net income of $16.3 million, 11.4% of net revenue, up significantly from last year's fourth quarter of $2.6 million and sequentially up from the third quarter's $15.6 million. Fiscal 2022 full year net income of $45.1 million, an increase of $53.8 million over the fiscal 2021 net loss of $(8.7) million.Fourth quarter diluted earnings per share of $1.30 compared to last year's fourth quarter of $0.20 and fiscal 2022's third quarter of $1.24. Fiscal 2022 full year diluted earnings per share of $3.57 compared to a loss of $(0.71) in fiscal 2021.Fourth quarter double-digit sequential revenue growth in each of the Company's three major markets which resulted in net revenue of $143.

KOKOMO, Ind., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, November 18, 2022 to discuss its fourth quarter and fiscal year-end financial results for the period ended September 30, 2022. A press release announcing the results will be issued after market close on November 17, 2022. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To participate, please dial the tel

Record backlog of $338.2 million as of June 30, 2022, up 20.5% from previous quarter and up 124.1% year-over-year. Order entry of $181.5 million for the quarter, with aerospace order entry of $100.1 million and 3.2 million pounds, one of the best in the Company's history in both dollars and pounds. Net revenue of $130.2 million, up 11.2% versus previous quarter and 47.7% over same period last year. Revenue strength driven by Aerospace net revenues of $61.0 million, up 15.2% versus previous quarter and 79.6% over the same period last year. Aerospace revenue at 95% of pre-pandemic 2019 average.Gross margin continued to improve to 25.5%, up 550 basis points from the previous quarter and 1,000 b

Company to host conference call on July 29, 2022 at 9:00 AM ET KOKOMO, Ind., July 19, 2022 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, July 29, 2022 to discuss its third quarter financial results for the period ended June 30, 2022. A press release announcing the results will be issued after market close on July 28, 2022. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To pa

Net revenue of $117.1 million, up 17.7% versus previous quarter.  Aerospace growth expected to continue with monthly pre-pandemic shipping levels projected to be achieved by the end of this fiscal year.Gross margin continued to improve to 20.0%, up 210 basis points from the previous quarter and 980 basis points from the second quarter of last year.Net income of $8.5 million, up from the previous quarter's $4.7 million.  Diluted earnings per share of $0.67, up 81% from $0.37 of the previous quarter.Backlog of $280.7 million as of March 31, 2022, up 29% from previous quarter and up 99% year-over-year. Order entry of $172.4 million for the quarter, representing the best order entry quarter sinc

KOKOMO, Ind., April 19, 2022 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, April 29, 2022 to discuss its second quarter financial results for the period ended March 31, 2022. A press release announcing the results will be issued after market close on April 28, 2022. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To participate, please dial the teleconferencing number shown be

Net income of $4.7 million, up from the previous quarter's $2.6 million.Diluted earnings per share of $0.37, up 85% from $0.20 of the previous quarter.Backlog of $217.5 million as of December 31, 2021, up 24% from previous quarter and up 50% year-over-year, driven by aerospace order entry. Aerospace growth expected to continue with monthly pre-pandemic shipping levels projected to be achieved by the end of this fiscal year.        Net revenue of $99.4 million, up 4.4% versus previous quarter and up 37.8% versus prior year first quarter. Achievement of sequential sales growth in the first quarter of the fiscal year, which is typically a seasonally lower quarter.Gross margin continued to impro

Company to host conference call on January 28, 2022 at 9:00 AM ET KOKOMO, Ind., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, January 28, 2022 to discuss its first quarter financial results for the period ended December 31, 2021. A press release announcing the results will be issued after market close on January 27, 2022. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer q

Focus initiatives driving gross margin percentage higher, improving sequentially 200 basis points to 17.5% in the fourth quarter of fiscal 2021, and 1,260 basis points higher than the fourth quarter of fiscal 2020.Increased volume shipped to 4.0 million pounds and net revenue to $95.3 million, an increase of 8.1% compared to net revenues of $88.1 million for the third quarter of fiscal 2021. Aerospace growth expected to accelerate. Expanded profitably in the fourth quarter with net income of $2.6 million, or $0.20 per diluted share compared to net income of $0.4 million, or $0.03 per diluted share, in the third quarter of fiscal 2021.Cash on the balance sheet of $47.7 million at September 30

KOKOMO, Ind., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, November 19, 2021 to discuss its fourth quarter and fiscal year-end financial results for the period ended September 30, 2021. A press release announcing the results will be issued after market close on November 18, 2021. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To participate, please dial the tel

Profitable third quarter results on volume sold of 3.7 million pounds and net revenue of $88.1 million, an increase of 7.4% compared to net revenues of $82.1 million for the second quarter of fiscal 2021. Gross margin percentage improved 530 basis points to 15.5% in the third quarter of fiscal 2021 from 10.2% in the second quarter of fiscal 2021.  Third quarter net income of $0.4 million, or $0.03 per diluted share, compared to a net loss of $(3.6) million, or $(0.29) per diluted share, in the second quarter of fiscal 2021.Cash on the balance sheet of $74.2 million at June 30, 2021 with an increase in cash of $4.3 million in the third quarter of fiscal 2021 resulting in a total net cash incr

Company to host conference call on July 30th, 2021 at 9:00 AM ET KOKOMO, Ind., July 20, 2021 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) a leading developer, manufacturer and marketer of technologically advanced high performance alloys, announced today that it will host a conference call on Friday, July 30, 2021 to discuss its third quarter financial results for the period ended June 30, 2021. A press release announcing the results will be issued after market close on July 29, 2021. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To