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Stock impact report

Haynes International, Inc. Reports Second Quarter Fiscal 2024 Financial Results

Haynes International, Inc. (HAYN) 
Last haynes international, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: haynesintl.com/contact/investor-relations
Company Research Source: GlobeNewswire
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 17.7% of revenue, unfavorably impacted by a raw material headwind of $5.3 million, similar to the first quarter, but higher than last year’s second quarter headwind of $1.7 million.  Excluding this raw material headwind, adjusted gross margin was 21.2% of revenue compared to last year’s 21.3% adjusted gross margin. Second quarter net income of $8.6 million, or $0.66 diluted earnings per share, compared to last year’s second quarter net income of $12.3 million, or $0.96 diluted e Show less Read more
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