Welcome to our dedicated page for Haynes International news (Ticker: HAYN), a resource for investors and traders seeking the latest updates and insights on Haynes International stock.
Haynes International Inc (HAYN) delivers cutting-edge high-performance alloys for extreme environments in aerospace, chemical processing, and energy sectors. This news hub provides investors and professionals with essential updates on corporate developments shaping advanced materials innovation.
Track earnings announcements, product innovations, and strategic partnerships through our curated collection of press releases and verified news. Discover how HAYN's nickel- and cobalt-based superalloys address evolving demands in jet engines, industrial turbines, and corrosion-resistant systems.
Our repository simplifies monitoring of regulatory filings, leadership changes, and capacity expansions. Bookmark this page for streamlined access to operational milestones impacting the $3B+ specialty metals market.
Haynes International, Inc. (NASDAQ: HAYN) will host a conference call on January 28, 2022, at 9:00 AM ET to discuss its first quarter financial results for the period ending December 31, 2021. A press release detailing the results will be available after market close on January 27, 2022. Investors can join the call by dialing in five minutes prior to the start time. A replay of the call will be accessible from January 28 through February 27, 2022.
Haynes International reported robust fourth-quarter results for fiscal 2021, showcasing a gross margin increase of 200 basis points to 17.5%. Net revenue reached $95.3 million, up 8.1% from Q3, and 19.2% year-over-year. Net income surged to $2.6 million, a significant improvement from the $0.4 million in Q3. Volume shipped rose to 4.0 million pounds. The company reduced pension liabilities by $92.5 million, improving their balance sheet. A quarterly cash dividend of $0.22 per share was declared, reflecting confidence in future performance.
Haynes International, Inc. (NASDAQ: HAYN) is set to host a conference call on November 19, 2021, at 9:00 AM ET to discuss its fourth quarter and fiscal year-end financial results for the period ending September 30, 2021. A press release with the financial results will be available after market close on November 18, 2021. The call will feature Michael Shor, the CEO, and Daniel Maudlin, CFO, who will answer participant questions. A live Webcast and a replay will also be accessible post-call.
Gabelli Funds will host the 27th Annual Aerospace & Defense Symposium on September 9, 2021, starting at 8:00 AM at Lotte New York Palace and virtually via webcast. The event will feature presentations from senior management of top aerospace and defense companies, focusing on industry dynamics and new technologies. Presenting companies include Haynes International (NASDAQ: HAYN) and Mynaric AG (Frankfurt: M0Y-F).
For registration, visit: https://gabelli.zoom.us/webinar/register/WN_ZDjQ0J1-Rz2GSad3S4uxLw
Haynes International (HAYN) reported its third-quarter fiscal 2021 results, achieving net revenues of $88.1 million, a 7.4% increase from the previous quarter. Gross margin improved to 15.5%, up 530 basis points year-over-year. The company turned profitable with a net income of $0.4 million or $0.03 per diluted share, reversing a loss from the prior quarter. Cash on hand reached $74.2 million, with total liquidity at $174.2 million. A quarterly cash dividend of $0.22 has been declared, reflecting strong cash generation.
Haynes International (NASDAQ: HAYN) announced a diversified capital allocation strategy focused on shareholder value. Key initiatives include a $20 million share repurchase plan, a pension plan glide path improving funding from 68% to over 80%, and an accelerated funding strategy aiming for full pension funding within three years. The CEO highlighted the opportunity to repurchase stock below intrinsic value, citing recovery in commercial aerospace and gross margin expansion. Together, these measures seek to de-risk the pension liability and enhance shareholder value.
Haynes International, a leading developer of advanced high-performance alloys, will host a conference call on July 30, 2021, at 9:00 AM ET to discuss its third quarter financial results for the period ending June 30, 2021. A press release with the results will be issued after market close on July 29, 2021. Michael Shor and Daniel Maudlin will lead the call. Participants can join by dialing the provided numbers five minutes prior to the call. A replay will be available from July 30 to August 27, 2021.
Haynes International, Inc. (Nasdaq: HAYN) announced price increases for new transactional orders across its product range. On April 23, 2021, prices were raised by 5% to 8%, followed by an additional 2% increase on May 21, 2021. These changes affect all new orders, whereas long-term agreement prices will adjust upon contract renewal. The company specializes in high-performance nickel- and cobalt-based alloys for industries including aerospace and chemical processing.
Haynes International reported strong liquidity with a cash increase of $8.6 million in Q2 FY2021, totaling $69.8 million on hand and $100 million available on credit. Net revenues rose 13.7% to $82.1 million, despite a year-over-year drop of 26.4%. Gross margin improved significantly, rising 880 basis points to 10.2%. The net loss narrowed to $3.6 million from $8.0 million in Q1. A quarterly cash dividend of $0.22 per share was declared. The company anticipates improvements in the aerospace market later in 2021, despite ongoing challenges due to the COVID-19 pandemic.
Haynes International (HAYN) will host a conference call on April 30, 2021, at 9:00 AM ET to discuss its second quarter financial results for the period ending March 31, 2021. A press release revealing these results will be published after market close on April 29, 2021. CEO Michael Shor and CFO Daniel Maudlin will lead the call.
To join, call 844-602-0380 (Domestic) or 862-298-0970 (International) five minutes prior. A replay will be available from April 30 to May 28, 2021, via 877-481-4010 (Domestic) or 919-882-2331 (International).
