reports
Haynes International, Inc. Reports Third Quarter Fiscal 2024 Financial...
Haynes International, Inc. Reports Third Quarter Fiscal 2024 Financial Results Clearance obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. Company expects that the remaining required clearances from the U.K. and Austria will be obtained for an expected transaction close in the fourth calendar quarter of 2024. Net revenues in the third quarter of fiscal 2024 increased to $153.9 million as compared to $152.5 million in the second quarter this year and $143.9 million in last year’s cyber-impacted...
Haynes International Inc. Names Marlin C. Losch III Chief Operating Of...
Haynes International Inc. Names Marlin C. Losch III Chief Operating Officer KOKOMO, Ind., June 28, 2024 (GLOBE NEWSWIRE) -- Haynes International (NASDAQ GS: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced Marlin (Marty) C. Losch III has been named Chief Operating Officer of Haynes International, effective July 1st. In this newly created position, Losch will have responsibility for all commercial and operational activities for the Company. Losch will report directly to Michael Shor, President and Chief Executive Of...
CFIUS Approval Obtained for the Planned Merger of North American Stain...
CFIUS Approval Obtained for the Planned Merger of North American Stainless, Inc. and Haynes International, Inc. KOKOMO, Ind., June 27, 2024 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the “Company”), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, is pleased to announce that clearance has been obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. As previously disclosed, on February 4, 2024, Haynes International, Inc., a Dela...
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ATI Inc - Company Profile and SWOT Analysis
Summary ATI Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights ATI Inc (ATI) is a producer of specialty materials and components. It offers titanium alloys, nickel-based alloys, superalloys, specialty alloys, stainless steels, zirconium, hafnium and niobium, and other rela...
Haynes International, Inc. Reports Second Quarter Fiscal 2024 Financia...
Haynes International, Inc. Reports Second Quarter Fiscal 2024 Financial Results Second quarter net revenues of $152.5 million with improving production momentum after last quarter’s three week unplanned outage at the 4-high hot rolling mill in the Kokomo plant. This compares to $147.4 million in the first quarter this year and $152.8 million in last year’s second quarter.Solid revenue growth in our core aerospace and industrial gas turbine markets this quarter compared to last year, largely offset by reductions in chemical processing and other marketsGross margin for the second quarter of 1...
Haynes International, Inc. Reports First Quarter Fiscal 2024 Financial...
Haynes International, Inc. Reports First Quarter Fiscal 2024 Financial Results 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 reven...
Haynes International Announces Agreement to be Acquired by North Ameri...
Haynes International Announces Agreement to be Acquired by North American Stainless, a Wholly Owned Subsidiary of Acerinox Haynes Stockholders to Receive $61.00 Per Share in Cash, Delivering Significant and Immediate Value In Connection with Transaction, Acerinox will Invest an Additional $200 million in U.S. Operations, Including $170 Million in Haynes’ Operations KOKOMO, Ind., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM:HAYN) (“Haynes” or the “Company”) a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, t...
Haynes International, Inc. to Host First Quarter Fiscal Year 2024 Conf...
Haynes International, Inc. to Host First Quarter Fiscal Year 2024 Conference Call 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...
Haynes International, Inc. Reports Fourth Quarter Fiscal 2023 Financia...
Haynes International, Inc. Reports Fourth Quarter Fiscal 2023 Financial Results and Year End Highlights 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 wa...
Haynes International, Inc. To Host Fourth Quarter And Fiscal Year End ...
Haynes International, Inc. To Host Fourth Quarter And Fiscal Year End Conference Call 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 af...
Haynes International, Inc. Reports Third Quarter Fiscal 2023 Financial...
Haynes International, Inc. Reports Third Quarter Fiscal 2023 Financial Results 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 gros...
Haynes International, Inc. to Host Third Quarter Fiscal Year 2023 Conf...
Haynes International, Inc. to Host Third Quarter Fiscal Year 2023 Conference Call 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. Mi...
Haynes International Provides Cybersecurity Update and Estimated Third...
Haynes International Provides Cybersecurity Update and Estimated Third Quarter Financial Impact KOKOMO, Ind., July 19, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the “Company”), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, provided an update today regarding the recent cybersecurity incident including the estimated quarterly financial impact. As previously disclosed, the Company began experiencing a network outage indicative of a cybersecurity incident on June 10, 2023. Upon detection of the incident, the C...
Haynes International Updates Operational Restorations
Haynes International Updates Operational Restorations KOKOMO, Ind., July 19, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the “Company”), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, provided an update today regarding its operational restoration efforts following the recent cybersecurity incident. As disclosed last week, on June 10, 2023, the Company began experiencing a network outage indicative of a cybersecurity incident. Upon detection of the incident, the Company engaged third-party specialists to ass...
Haynes International Updates Operational Restorations
Haynes International Updates Operational Restorations KOKOMO, Ind., June 21, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the “Company”), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, provided an update today regarding its operational restoration efforts following the recent cybersecurity incident. As disclosed last week, on June 10, 2023, the Company began experiencing a network outage indicative of a cybersecurity incident. Upon detection of the incident, the Company engaged third-party specialists to...
Haynes International Announces Network Outage
Haynes International Announces Network Outage KOKOMO, Ind., June 11, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN), a leading developer, manufacturer and marketer of technologically advance high-performance alloys (the “Company”), announced today that yesterday morning the Company began experiencing a network outage indicative of a cybersecurity threat. Upon discovery, the Company engaged third-party specialists to assist in investigating the source of this outage, confirm its impact on the Company’s systems, and to securely restore full functionality to the Compan...
Haynes International, Inc. Reports Second Quarter Fiscal 2023 Financia...
Haynes International, Inc. Reports Second Quarter Fiscal 2023 Financial Results 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...
Haynes International, Inc. to Host Second Quarter Fiscal Year 2023 Con...
Haynes International, Inc. to Host Second Quarter Fiscal Year 2023 Conference Call 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...
Haynes International, Inc. Announces Election of New Members to Its Bo...
Haynes International, Inc. Announces Election of New Members to Its Board of Directors KOKOMO, Ind., March 13, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, announced today that, effective as of March 9, 2023, the Board of Directors of the Company voted to elect Alicia Masse and Brian Shelton as new members of the Board of Directors. Alicia Masse has served as a Senior Managing Director at B. Riley Advisory Services since 2020. Prior to joining B. Riley, Ms. Masse ...
Restricted Stock Award Agreement
Restricted Stock Award Agreement KOKOMO, Ind., March 13, 2023 (GLOBE NEWSWIRE) -- This Restricted Stock Award Agreement is entered into by and between Haynes International, Inc., a Delaware corporation ("Company"), and Brian Shelton, a member of the Company's Board of Directors ("Grantee"), effective as of March 13, 2023, ("Effective Date"). Background The Company wishes to provide incentives to recognize and reward the Grantee, whose performance, contributions and skills will be critical to the Company's success, by aligning his/her interests more closely with those of the Company...
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