Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation; and industrial heating equipment. The company's CRA products are used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. Its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, sensors and instrumentation, biopharmaceuticals, solar, and nuclear fuel. In addition, the company produces products as seamless and welded tubulars, as well as in slab, bar, billet, and wire forms. It sells its products primarily through direct sales organizations, and network of independent distributors and sales agents. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana.
IPO Year: 2007
Exchange: NASDAQ
Website: haynesintl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/14/2024 | Buy → Neutral | Northcoast | |
| 2/6/2024 | Outperform → Market Perform | Noble Capital Markets | |
| 5/25/2023 | $60.00 | Buy | Northcoast |
| 2/16/2023 | $65.00 | Outperform | Noble Capital Markets |
| 11/15/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/31/2022 | $41.00 | Sector Weight → Overweight | Keybanc |
NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Dream Finders Homes Inc. (NYSE: DFH) will replace Haynes International Inc. (NASD: HAYN) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Haynes International is being acquired in a deal expected to close soon pending final closing conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Nov 25, 2024 S&P SmallCap 600 Addition Dream Finders Homes DFH Consumer Discretionary Nov 25, 2024 S&P SmallCap 600 Deletion Haynes International HAYN Materials For more information about S&P
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NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Dream Finders Homes Inc. (NYSE: DFH) will replace Haynes International Inc. (NASD: HAYN) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Haynes International is being acquired in a deal expected to close soon pending final closing conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Nov 25, 2024 S&P SmallCap 600 Addition Dream Finders Homes DFH Consumer Discretionary Nov 25, 2024 S&P SmallCap 600 Deletion Haynes International HAYN Materials For more information about S&P
Clearance obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. Company expects that the remaining required clearances from the U.K. and Austria will be obtained for an expected transaction close in the fourth calendar quarter of 2024. Net revenues in the third quarter of fiscal 2024 increased to $153.9 million as compared to $152.5 million in the second quarter this year and $143.9 million in last year's cyber-impacted third quarter. Revenue shipped into the aerospace market in the third quarter was a Company record at $82.6 million, which was nearly 54% of total revenue. Gross margin for the t
KOKOMO, Ind., June 28, 2024 (GLOBE NEWSWIRE) -- Haynes International (NASDAQ GS: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced Marlin (Marty) C. Losch III has been named Chief Operating Officer of Haynes International, effective July 1st. In this newly created position, Losch will have responsibility for all commercial and operational activities for the Company. Losch will report directly to Michael Shor, President and Chief Executive Officer of Haynes. "For more than 35 years, Marty has been a true cornerstone at Haynes, playing a crucial role in helping to develop and execute our strategy and cementing Haynes'
KOKOMO, Ind., June 27, 2024 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the "Company"), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, is pleased to announce that clearance has been obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. As previously disclosed, on February 4, 2024, Haynes International, Inc., a Delaware corporation, entered into an Agreement and Plan of Merger (the "Merger Agreement") with North American Stainless, Inc., a Delaware corporation ("Parent"), Warhol Merger Sub, Inc., a Delaware corporation and a w
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. E
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 impacted 20.6% of revenue compared to last year's $5.6 million headwind and 21.6% adjusted gross margin. First quarter net income of $7.7 million, or $0.60 per diluted earnings per share, compared to last
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 a definitive agreement to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, in an all-cash transaction valuing the Company at an enterprise value of approximatel
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 after market close on February 8, 2024. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be ava
Fourth quarter net revenues of $160.6 million. Fiscal year 2023 net revenues of $590.0 million, up over 20% from last year, and a Company record year in revenue in both Aerospace and Industrial Gas Turbines. Gross margin for the fourth quarter of 18.5% of revenue. Excluding the raw material headwind of $3.7 million, adjusted gross margin was 20.9% of revenue. Fiscal year 2023 gross margin of 18.6% of revenue. Excluding the raw material headwind of $12.6 million, adjusted gross margin was 20.7% of revenue, compared to 19.8% fiscal year 2022 adjusted gross margin when excluding the favorable raw material tailwind of $(9.4) million. Unfavorable change in estimated raw material impact between
Company to host conference call on November 17, 2023 at 9:00 AM EST KOKOMO, Ind., Nov. 08, 2023 (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, November 17, 2023 to discuss its fourth quarter and fiscal year-end financial results for the period ended September 30, 2023. A press release announcing the results will be issued after market close on November 16, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and
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Northcoast downgraded Haynes Intl from Buy to Neutral
Noble Capital Markets downgraded Haynes Intl from Outperform to Market Perform
Northcoast initiated coverage of Haynes Intl with a rating of Buy and set a new price target of $60.00
Noble Capital Markets initiated coverage of Haynes Intl with a rating of Outperform and set a new price target of $65.00
KeyBanc Capital Markets downgraded Haynes Intl from Overweight to Sector Weight
Keybanc upgraded Haynes Intl from Sector Weight to Overweight and set a new price target of $41.00
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Clearance obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. Company expects that the remaining required clearances from the U.K. and Austria will be obtained for an expected transaction close in the fourth calendar quarter of 2024. Net revenues in the third quarter of fiscal 2024 increased to $153.9 million as compared to $152.5 million in the second quarter this year and $143.9 million in last year's cyber-impacted third quarter. Revenue shipped into the aerospace market in the third quarter was a Company record at $82.6 million, which was nearly 54% of total revenue. Gross margin for the t
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. E
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 impacted 20.6% of revenue compared to last year's $5.6 million headwind and 21.6% adjusted gross margin. First quarter net income of $7.7 million, or $0.60 per diluted earnings per share, compared to last
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 after market close on February 8, 2024. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be ava
Fourth quarter net revenues of $160.6 million. Fiscal year 2023 net revenues of $590.0 million, up over 20% from last year, and a Company record year in revenue in both Aerospace and Industrial Gas Turbines. Gross margin for the fourth quarter of 18.5% of revenue. Excluding the raw material headwind of $3.7 million, adjusted gross margin was 20.9% of revenue. Fiscal year 2023 gross margin of 18.6% of revenue. Excluding the raw material headwind of $12.6 million, adjusted gross margin was 20.7% of revenue, compared to 19.8% fiscal year 2022 adjusted gross margin when excluding the favorable raw material tailwind of $(9.4) million. Unfavorable change in estimated raw material impact between
Company to host conference call on November 17, 2023 at 9:00 AM EST KOKOMO, Ind., Nov. 08, 2023 (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, November 17, 2023 to discuss its fourth quarter and fiscal year-end financial results for the period ended September 30, 2023. A press release announcing the results will be issued after market close on November 16, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and
Company record backlog of $468.1 million as of June 30, 2023, up 38.4% year-over-year, with continued strength in aerospace and industrial gas turbine demand.Net revenue of $143.9 million, reduced by an estimated $18-$20 million due to a cybersecurity incident. Company is now back to full production and expects to make up the third quarter cyber-related revenue impact over the next few quarters. Margin compression from the impact of the cybersecurity incident, along with raw material headwinds, resulted in a gross margin of 18.1% of net revenue.Net income of $8.8 million, or $0.68 diluted earnings per share, which was reduced by an estimated $0.40 to $0.45 from the cybersecurity incident and
Company to host conference call on August 4, 2023 at 9:00 AM ET KOKOMO, Ind., July 25, 2023 (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, August 4, 2023 to discuss its third quarter financial results for the period ended June 30, 2023. A press release announcing the results will be issued after market close on August 3, 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions. To
KOKOMO, Ind., July 19, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the "Company"), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, provided an update today regarding the recent cybersecurity incident including the estimated quarterly financial impact. As previously disclosed, the Company began experiencing a network outage indicative of a cybersecurity incident on June 10, 2023. Upon detection of the incident, the Company engaged third-party specialists to assist in investigating the source of the outage, determine its potential impact on the Company's systems, and securely restore full system functionality. On
KOKOMO, Ind., July 19, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the "Company"), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, provided an update today regarding its operational restoration efforts following the recent cybersecurity incident. As disclosed last week, on June 10, 2023, the Company began experiencing a network outage indicative of a cybersecurity incident. Upon detection of the incident, the Company engaged third-party specialists to assist in investigating the source of the outage, determine its potential impact on the Company's systems, and securely restore full functionality to the Compan