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Haynes International Inc. - HAYN STOCK NEWS

Welcome to our dedicated news page for Haynes International (Ticker: HAYN), a resource for investors and traders seeking the latest updates and insights on Haynes International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Haynes International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Haynes International's position in the market.

News
Haynes International, Inc. Reports First Quarter Fiscal 2024 Financial Results
Rhea-AI Summary
Haynes International, Inc. (HAYN) reported first quarter net revenues of $147.4 million, a company record despite a three-week unplanned outage at the 4-high hot rolling mill in the Kokomo plant. Gross margin was 16.8% of revenue, and net income was $7.7 million, or $0.60 per diluted earnings per share. The backlog was $448.8 million as of December 31, 2023, up 9.9% year-over-year. The company declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.93%
Tags
earnings
-
News
Haynes International Announces Agreement to be Acquired by North American Stainless, a Wholly Owned Subsidiary of Acerinox
Rhea-AI Summary
Haynes International, Inc. (NASDAQ GM:HAYN) 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 approximately $970 million. The transaction represents a multiple of 12.3x fiscal 2023 EBITDA. The acquisition will deliver significant and immediate value to Haynes stockholders, with a premium of approximately 22% to the six-month volume-weighted average share price. Acerinox will invest an additional $200 million in U.S. operations, including $170 million in Haynes’ operations. The transaction is expected to close in the third calendar quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.93%
Tags
acquisition
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News
Haynes International, Inc. to Host First Quarter Fiscal Year 2024 Conference Call
Rhea-AI Summary
Haynes International, Inc. will host a conference call on February 9, 2024, to discuss its first quarter fiscal year 2024 financial results. The call will be hosted by President and CEO Michael Shor and CFO Daniel Maudlin. A live webcast will be available on the company's website, and a teleconference replay will be accessible for those unable to participate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
conferences earnings
News
Haynes International, Inc. Reports Fourth Quarter Fiscal 2023 Financial Results and Year End Highlights
Rhea-AI Summary
Haynes International, Inc. (NASDAQ GS: HAYN) reported fourth quarter net revenues of $160.6 million and fiscal year 2023 net revenues of $590.0 million, up over 20% from last year, with a record year in revenue in Aerospace and Industrial Gas Turbines. The gross margin for the fourth quarter was 18.5% of revenue, and 20.9% when adjusted for raw material headwinds. Fiscal year 2023 gross margin was 18.6% of revenue, adjusted to 20.7%. The unfavorable change in estimated raw material impact between the two fiscal years was $22.0 million pretax. The cyber security incident in the third quarter impacted results by an estimated $7.0 million pretax. The fourth quarter net income was $13.2 million, or $1.02 per diluted earnings per share. Fiscal 2023 net income was $42.0 million, or $3.26 per diluted earnings per share. The backlog as of September 30, 2023, was $460.4 million, up 23.2% year-over-year. The Company also declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
earnings
-
News
Haynes International, Inc. To Host Fourth Quarter And Fiscal Year End Conference Call
Rhea-AI Summary
HAYN: Haynes International, Inc. to Host Conference Call on November 17, 2023 to Discuss Fourth Quarter and Fiscal Year-End Financial Results. President and CEO Michael Shor, along with CFO Daniel Maudlin, will be available to answer questions. Webcast and teleconference replay details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
conferences earnings
-
News
Haynes International, Inc. Reports Third Quarter Fiscal 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.54%
Tags
earnings
News
Haynes International, Inc. to Host Third Quarter Fiscal Year 2023 Conference Call
Rhea-AI Summary
HAYN: Haynes International to Discuss Q3 Financial Results in Conference Call on August 4, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
conferences earnings
-
News
Haynes International Provides Cybersecurity Update and Estimated Third Quarter Financial Impact
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
none
-
News
Haynes International Updates Operational Restorations
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
none
News
Haynes International Updates Operational Restorations
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
none
Stock HAYN logo
Haynes International Inc.

Nasdaq:HAYN

HAYN Rankings

#2620 Ranked by Market Cap
#2863 Ranked by Stock Gains
#1629 Ranked by Dividends

HAYN Stock Data

775.42M
22.84M
2.62%
99.3%
1.69%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Kokomo

About HAYN

haynes international, inc. is a leading developer, manufacturer, and distributor of hastelloy® and haynes® high-performance alloys for use in high-temperature and corrosion applications. our primary markets include: aerospace, chemical processing, and industrial gas turbine industries. the story of haynes international spans a century of products, processes and, most of all, people. formed in kokomo, indiana in october, 1912, the more than 100-year history of haynes’ continuous operation also captures the historic growth of many well-known nickel- and cobalt-base superalloy families. these unique materials have been used in world wars, rockets to mars, the statue of liberty, and in our daily lives. alloy development is at the very heart of what we do. since fiscal year 2000, our technical programs have yielded nine new proprietary alloys, five of which are currently commercially available and four of which are being scaled-up to be brought to market. our highly-trained staff and techni