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Haynes International inc   (HAYN)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 
Price: $59.4000 $-0.18 -0.302%
Day's High: $59.7 Week Perf: -0.03 %
Day's Low: $ 59.31 30 Day Perf: -0.34 %
Volume (M): 277 52 Wk High: $ 60.25
Volume (M$): $ 16,430 52 Wk Avg: $50.08
Open: $59.37 52 Wk Low: $41.15



 Market Capitalization (Millions $) 760
 Shares Outstanding (Millions) 13
 Employees 1,123
 Revenues (TTM) (Millions $) 604
 Net Income (TTM) (Millions $) 42
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 17

Haynes International Inc

Haynes International, Inc. is one of the world’s largest producers of high-performance nickel- and cobalt-based alloys in flat product form such as sheet, coil and plate forms. The Company is focused on developing, manufacturing, marketing and distributing technologically advanced, high-performance alloys, which are sold primarily in the aerospace, chemical processing and industrial gas turbine industries. The Company’s products consist of high-temperature resistant alloys, or HTA products, and corrosion-resistant alloys, or CRA products. HTA products are used by manufacturers of equipment that is subjected to extremely high temperatures, such as jet engines for the aerospace market, gas turbine engines used for power generation and waste incineration, and industrial heating equipment. CRA products are used in applications that require resistance to very corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. Management believes Haynes is one of the principal producers of high-performance alloy flat products in sheet, coil and plate forms, and sales of these forms, in the aggregate, represented approximately 62% of net product revenues. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms.

The Company has manufacturing facilities in Kokomo, Indiana; Arcadia, Louisiana; and Mountain Home, North Carolina. The Kokomo facility specializes in flat products, the Arcadia facility specializes in tubular products, and the Mountain Home facility specializes in wire products. The Company’s products are sold primarily through its direct sales organization, which includes 13 service and/or sales centers in the United States, Europe and Asia.

The Company’s goal is to grow its business by increasing revenues, profitability and cash flow while continuing to be its customers’ provider of choice for high-performance alloys. The Company pursues this goal by analyzing capital allocation alternatives while simultaneously taking advantage of its expert technical abilities in delivering innovative products and applications combined with its niche manufacturing and value-added service capabilities to penetrate end markets.

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Increase revenues by inventing new alloys, developing new applications for existing alloys and expanding into new markets. The Company believes that it is the industry leader in developing new alloys designed to meet its customers’ specialized and demanding requirements. The Company continues to work closely with customers and end users of its products to identify, develop, manufacture and test new high-performance alloys. Since fiscal 2003, the Company’s technical programs have yielded eight new proprietary alloys, an accomplishment that the Company believes distinguishes it from its competitors. The Company expects continued emphasis on product innovation to yield similar future results.

Developing new applications for existing alloys is also a key strength and strategy of the Company. The Company leverages its technical expertise to find unique applications for its products especially proprietary and specialty alloys that can yield higher margins.

Developing additional markets is a key strategy of the Company. Through development of new alloys and new applications for existing alloys, the Company is seeking to develop additional markets which will generate new revenue streams beyond the core markets of aerospace, chemical processing and industrial gas turbine industries. The Company believes that synthetic natural gas, renewable energy (such as solar), fuel cells, clean-coal, waste-to-energy, oil and gas, flue-gas desulfurization in China, automotive, consumer electronics, heat treatment, medical and nuclear industries all present opportunities for its products.

Increase revenues by providing value-added processing services and leveraging our global distribution network. The Company believes that its network of service and sales centers throughout North America, Europe and Asia distinguishes it from its competitors, many of whom operate only mills. The Company’s service and sales centers enable it to develop close customer relationships through direct interaction with customers and to respond to customer orders quickly, while providing value-added cutting services such as laser, plasma and water jet cutting. These services allow the Company’s customers to minimize their processing costs and outsource non-core activities. In addition, the Company’s rapid response time and enhanced processing services for products shipped from its service and sales centers offers the opportunity for the Company to service its customers more timely.

Capitalize on strategic equipment investment and optimize our processes with lean manufacturing improvements. The Company expects to continue to improve operations through ongoing capital investment in manufacturing facilities and equipment including information technology and utilizing six sigma and lean manufacturing process improvements. Ongoing investment in equipment has significantly improved the Company’s operations by increasing capacity, reducing unplanned downtime and manufacturing costs, and improving product quality and working capital management. Management believes that the Company’s capital investments will enable it to continue to satisfy long-term customer demand for value-added products that meet increasingly precise specifications. ·

Expand product capability through strategic acquisitions and alliances. The Company will continue to examine opportunities that enable it to offer customers an enhanced and more competitive product line to complement its core flat products. These opportunities may include product line enhancement and market expansion opportunities. The Company will also continue to evaluate strategic relationships with third parties in the industry in order to enhance its competitive position and relationships with customers.

Continue to expand the maintenance, repair and overhaul business. The Company believes that its maintenance, repair and overhaul, or MRO, business serves a growing market and represents both an expanding and recurring revenue stream. Products used in the Company’s end markets require periodic replacement due to the extreme environments in which they are used, which drives demand for recurring MRO work. The Company intends to continue to leverage the capabilities of its service and sales centers to respond quickly to its customers’ time-sensitive MRO needs to develop new and retain existing business opportunities.



   Company Address: 1020 West Park Avenue Kokomo 46904 IN
   Company Phone Number: 456-6000   Stock Exchange / Ticker: NASDAQ HAYN
   


Customers Net Income grew by HAYN's Customers Net Profit Margin grew to

0.63 %

6.84 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ATI   -0.89%    
CRS        2% 
BOOM        2.57% 
LQMT        2.57% 
MLI        0.87% 
MTRN   -1.61%    
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Merger and Acquisition

Haynes International Announces Acquisition by North American Stainless, Unlocking Value and Growth Potential in Specialty Alloys Industry.

Published Mon, Feb 5 2024 8:01 AM UTC

Haynes Stockholders to Receive $61.00 Per Share in Cash, Delivering Significant and Immediate Value
Haynes International Inc, a leading player in the specialty alloys industry, has recently announced that it has entered into an agreement to be acquired by North American Stainless (NAS), a wholly owned subsidiary of Acerinox. Under the terms of the agreement, Haynes stock...

Haynes International Inc

Haynes International Inc's Revenue Soars Despite Profitability Dip

It has been a tumultuous time for Haynes International Inc as the company recently reported a decrease in earnings per share despite a significant increase in revenue. The profitability decreased by -1.64% to $0.60 per share, while revenue surged by 10.579% to $146.71 million in the most recent fiscal period. This news may come as a surprise to investors, as Haynes International Inc has consistently outperformed its industry peers in terms of revenue growth.
The company's focus on improving sales in the most recent fiscal period is evident in the numbers, with net margin easing to 5.25%. However, the build-up in inventories is a cause for concern, as the level of inventories and supplies has increased to $415.2 million. Despite this, operating earnings rose slightly to $11.135 million.

Haynes International Inc

Haynes International Inc's Revenue Surges by 12.12%, but EPS Deteriorates by -23.73% in Fiscal Fourth Quarter of 2023

Haynes International Inc, a leading Iron & Steel company, recently reported a decline in earnings per share (EPS) despite a rise in revenue during the most recent fiscal period. While revenue increased by 12.119% to $161.24 million, income fell by -23.73% to $1.00 per share compared to the previous reporting season. This decline in EPS is a cause for concern and indicates a potential downfall for the company.
The Iron & Steel sector as a whole has been facing economic challenges and a recession in recent times. Many companies in this industry have been struggling with diminishing top-line and receding transactions. Despite these difficulties, Haynes International Inc managed to prosper in the fourth quarter of 2023. EPS rose by an impressive 46.53% from $0.68 per share, and revenue advanced by 12.706% from $143.06 million compared to the previous reporting season.

Haynes International Inc

Iron & Steel Company Registers EPS Decline in Q2 2023 and Haynes International Inc Endures Shrinking EPS Despite Surge in Sales for Q2 2023

As a stock market journalist, it is my job to analyze and interpret financial results to provide insights into the performance of various companies. Today, I will be focusing on Haynes International Inc's financial results for the period ending June 30, 2023.
One notable trend in Haynes International Inc's financial results is the shrinking earnings per share (EPS) despite expanding sales. In the year-over-year comparison, the company experienced a 9.908% increase in revenue, reaching $143.06 million compared to $130.17 million in the previous year. However, the income per share plummeted by -45.16%, from $1.24 to $0.68 per share. This is a significant decline and deserves attention.

Haynes International Inc

Iron & Steel Company Surges Past Expectations, Reports Impressive Financial Results in Q1 2023

Iron & Steel Company Reports Impressive Financial Results in First Quarter
Investors of Iron & Steel Company have a reason to rejoice as the company reported a surge in revenue and profit in the financial time-frame ending March 31, 2023. The figures have surpassed the expectations of Wall Street analysts, raising confidence in future prospects.
The company's revenue rose by an impressive 30.524% to $152.79 million, with earnings per share up by 43.28% to $0.96, compared to the prior financial reporting period. The net earnings of $12.349 million were up by 45.56% from the financial time-frame of March 31, 2022, reflecting the solid performance of the company.






 

Haynes International Inc's Segments
 
 
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