Haynes International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 03, 2023 at 04:07 pm EDT
Share
Haynes International, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 143.9 million compared to USD 130.17 million a year ago. Net income was USD 8.76 million compared to USD 15.61 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 1.24 a year ago.
For the nine months, sales was USD 429.36 million compared to USD 346.65 million a year ago. Net income was USD 28.85 million compared to USD 28.75 million a year ago. Basic earnings per share from continuing operations was USD 2.28 compared to USD 2.3 a year ago. Diluted earnings per share from continuing operations was USD 2.24 compared to USD 2.28 a year ago.
Haynes International, Inc. develops, manufactures, markets, and distributes technologically advanced nickel and cobalt-based alloys primarily for use in the aerospace, industrial gas turbine and chemical processing industries. Its products consist of high-temperature resistant alloys (HTA) products, and corrosion-resistant alloys (CRA) products. HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines, gas turbine engines, and industrial heating and heat treatment equipment. CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. It produces its high-performance alloys primarily in sheet, coil, and plate forms. In addition, the Company produces its products as seamless and welded tubulars, and in slab, bar, billets, and wire forms. It has manufacturing facilities in Indiana, Louisiana, and North Carolina.
HAYNES INTERNATIONAL, INC. 
