| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 147.4MM | -8% |
| Gross Profit | 24.7MM | -17% |
| Cost Of Revenue | 122.6MM | -6% |
| Operating Income | 11.1MM | -31% |
| Operating Expenses | 13.6MM | - |
| Net Income | 7.7MM | -41% |
| R&D | 1.1MM | +0% |
| G&A | 12.5MM | -1% |
| Amortization | 100K | - |
| Interest Expense | 2.2MM | +8% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Haynes (HAYN) agrees to be acquired by North American Stainless for $970 million, with Acerinox injecting $200M to bolster operations, solidifying their position for long-term success.
First Quarter Fiscal 2024 Results Show Resilience in Face of Raw Material Headwinds
Haynes International (HAYN) delivered earnings and revenue surprises of -14.29% and 3.02%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
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 impact
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, today announced it has entered into
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 af
Haynes International (HAYN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On December 31, 2023, Chuck Royce (Trades, Portfolio)'s investment firm made a notable addition to its holdings in Haynes International Inc (NASDAQ:HAYN), a company specializing in high-performance nickel and cobalt-based alloys. This transaction has increased the firm's stake in Haynes International Inc to 5.25% of its portfolio, with a position ratio of 0.39%. Charles M. Royce, a renowned figure in small-cap investing, has been managing the Royce Pennsylvania Mutual Fund since 1972.
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