View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsHaynes International 過去の業績過去 基準チェック /26Haynes Internationalは、平均年間43.1%の収益成長を遂げていますが、 Metals and Mining業界の収益は、年間 減少しています。収益は、平均年間8.4% 8.1%収益成長率で 成長しています。 Haynes Internationalの自己資本利益率は8.3%であり、純利益率は6.1%です。主要情報43.05%収益成長率42.84%EPS成長率Metals and Mining 業界の成長26.40%収益成長率8.14%株主資本利益率8.29%ネット・マージン6.05%前回の決算情報30 Jun 2024最近の業績更新Reported Earnings • Aug 02Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.64 (down from US$0.69 in 3Q 2023). Revenue: US$153.9m (up 7.0% from 3Q 2023). Net income: US$8.13m (down 6.5% from 3Q 2023). Profit margin: 5.3% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 10Second quarter 2024 earnings released: EPS: US$0.68 (vs US$0.98 in 2Q 2023)Second quarter 2024 results: EPS: US$0.68 (down from US$0.98 in 2Q 2023). Revenue: US$152.5m (flat on 2Q 2023). Net income: US$8.55m (down 30% from 2Q 2023). Profit margin: 5.6% (down from 8.0% in 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 05First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.61. Revenue: US$147.4m (up 11% from 1Q 2023). Net income: US$7.70m (flat on 1Q 2023). Profit margin: 5.2% (down from 5.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US.お知らせ • Jan 27Haynes International, Inc. to Report Q1, 2024 Results on Feb 08, 2024Haynes International, Inc. announced that they will report Q1, 2024 results After-Market on Feb 08, 2024Reported Earnings • Nov 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$3.31 (down from US$3.62 in FY 2022). Revenue: US$590.0m (up 20% from FY 2022). Net income: US$41.6m (down 6.7% from FY 2022). Profit margin: 7.1% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 09Haynes International, Inc. to Report Q4, 2023 Results on Nov 16, 2023Haynes International, Inc. announced that they will report Q4, 2023 results After-Market on Nov 16, 2023すべての更新を表示Recent updatesお知らせ • Nov 22+ 2 more updatesHaynes International, Inc.(NasdaqGS:HAYN) dropped from NASDAQ Composite IndexHaynes International, Inc. has been dropped from the NASDAQ Composite Index (^COMP)Recent Insider Transactions Derivative • Sep 08VP of Finance notifies of intention to sell stockDaniel Maudlin intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of September. If the sale is conducted around the recent share price of US$59.66, it would amount to US$402k. Since December 2023, Daniel has owned 29.53k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Upcoming Dividend • Aug 23Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.9%).Major Estimate Revision • Aug 08Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$620.3m to US$606.2m. EPS estimate also fell from US$3.09 per share to US$2.55 per share. Net income forecast to grow 23% next year vs 29% growth forecast for Metals and Mining industry in the US. Consensus price target of US$61.00 unchanged from last update. Share price was steady at US$59.41 over the past week.Declared Dividend • Aug 05Third quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 61% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 02Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.64 (down from US$0.69 in 3Q 2023). Revenue: US$153.9m (up 7.0% from 3Q 2023). Net income: US$8.13m (down 6.5% from 3Q 2023). Profit margin: 5.3% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 02+ 1 more updateHaynes International, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024Haynes International, Inc. provided earnings guidance for the fourth quarter of fiscal 2024. The company expects fourth quarter revenue and earnings to be similar to the third quarter of fiscal 2024 as a result of the unfavorable impact of lower production volumes primarily due to two factors – the Boeing build rate slowdown, and the Company’s significant inventory reduction initiatives.お知らせ • Jun 29Haynes International Inc. Appoints Marlin C. Losch III Chief Operating Officer, Effective from July 1, 2024Haynes International, Inc. announced Marlin (Marty) C. Losch III has been named Chief Operating Officer of Haynes International, effective July 1, 2024. 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. Haynes has initiated a search to identify candidates to fill Mr. Losch’s prior role as Vice President of Sales and Distribution. The Company expects to fill this role in the coming months and in the meantime, Mr. Losch will continue to lead and support the Sales and Distribution team to ensure a smooth transition. Having joined Haynes in 1988, Mr. Losch brings nearly four decades of experience from various operational roles of increasing responsibility, most recently as Vice President of Sales and Distribution. In this capacity he was responsible for sales and distribution worldwide and transformed the department into a world-class service-oriented organization. Prior to that, he was the Vice President of North American Sales for three years after serving as the Regional Manager of the Company’s Midwest operations. He has also held various marketing, quality engineering, and production positions. Marty received his B.S. Material Engineering from Virginia Tech in 1983 and a Masters in Manufacturing Management from GMI in 1996. The Company also announced that David L. Strobel, Vice President of Kokomo Operations will be retiring in early 2025. Mr. Strobel has been serving as the Company’s Vice President of Kokomo Operations since September 2018, leading the operations team’s safety, quality, and process improvement initiatives. Prior to Haynes, Mr. Strobel served as a consultant to manufacturing companies and held various executive positions at Carpenter Technology Corporation. Haynes has begun a search to identify a replacement for Mr. Strobel, which the Company expects to fill in the coming months. Until his retirement, Mr. Strobel will work alongside his successor to ensure a smooth transition and successful integration with NAS and Acerinox.Declared Dividend • May 13Second quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 27% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • May 11Haynes International, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 14, 2024Haynes International, Inc. announced that on May 1, 2024, the Board of Directors declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable June 14, 2024 to stockholders of record at the close of business on May 31, 2024. Any future dividends will be at the discretion of the Board of Directors.Reported Earnings • May 10Second quarter 2024 earnings released: EPS: US$0.68 (vs US$0.98 in 2Q 2023)Second quarter 2024 results: EPS: US$0.68 (down from US$0.98 in 2Q 2023). Revenue: US$152.5m (flat on 2Q 2023). Net income: US$8.55m (down 30% from 2Q 2023). Profit margin: 5.6% (down from 8.0% in 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Feb 22Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.7%).お知らせ • Feb 07Haynes International, Inc. announced that it expects to receive $170 million in funding from Acerinox, S.A.Haynes International, Inc announced a private placement to issue gross proceeds of $170,000,000 on February 5, 2024. The transaction included participation from new investor, Acerinox, S.A .The transaction, has been unanimously approved by the board of directors of both companies, is expected to close in the third calendar quarter of 2024, subject to satisfaction of customary closing conditions, including receipt of regulatory approval and approval by Haynes stockholders. Upon completion of the transaction, Haynes shares will cease trading on the Nasdaq stock exchangeお知らせ • Feb 06North American Stainless, a subsidiary of Acerinox, S.A. (BME:ACX) entered into a definitive agreement to acquire Haynes International, Inc. (NasdaqGS:HAYN) for approximately $790 million.North American Stainless, a subsidiary of Acerinox, S.A. (BME:ACX) entered into a definitive agreement to acquire Haynes International, Inc. (NasdaqGS:HAYN) for approximately $790 million on February 4, 2024. North American Stainless will acquire Haynes International in an all-cash transaction. Under the terms of the agreement, Acerinox will acquire all the outstanding shares of Haynes for $61.00 per share in cash, which represents a fully diluted equity value of $798 million, and a premium of approximately 22% to Haynes’s six-month volume-weighted average share price for the period ending February 2, 2024. The all-cash transaction values Haynes at an enterprise value of approximately $970 million. Acerinox plans to finance the transaction using existing available cash on its balance sheet. The transaction includes the absorption of Haynes’s debt and other adjustments of approximately $172 million. In Connection with Transaction, Acerinox will Invest an Additional $200 million in U.S. Operations, Including $170 Million in Haynes’ Operations. Upon completion of the transaction, Haynes’s shares will no longer be traded on the Nasdaq, and Haynes will become a wholly owned subsidiary of Acerinox. Under certain circumstances mentioned in the agreement, in case of termination, Haynes International will be required to pay North American a termination fee in an amount equal to $28 million. The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $61 per share in cash for which Haynes International, Inc. has agreed to be sold to North American Stainless.The transaction is subject to receipt of regulatory approval and the satisfaction of customary closing conditions, including approval by Haynes shareholders and the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Act. The transaction has been unanimously approved by the Boards of Directors of Haynes and Acerinox. The transaction is expected to close in the third calendar quarter of 2024. The transaction is expected to be immediately accretive to Acerinox’s earnings per share in its first year of ownership, even prior to the realization of $71 million in estimated annual synergies. Goldman Sachs Bank Europe SE is serving as the exclusive financial advisor to Acerinox. Scott A. Barshay and Kyle T. Seifried of Paul, Weiss, Rifkind, Wharton & Garrison LLP and Linklaters are serving as legal counsels to Acerinox. Jefferies LLC is serving as the exclusive financial and opinion provider advisor to Haynes. David M. Klein, Allison M. Wein, Michael Movsovich, Andrea Agathoklis Murino, Matthew Sinclair-Thomson, Ivan A. Schlager, Rohit A. Nafday, Rohit A. Nafday, Karsten Busby, Dean S. Shulman, Sehj Vather, Joanna Schlingbaum and Julia Danforth of Kirkland & Ellis LLP is serving as legal counsel to Haynes.Reported Earnings • Feb 05First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.61. Revenue: US$147.4m (up 11% from 1Q 2023). Net income: US$7.70m (flat on 1Q 2023). Profit margin: 5.2% (down from 5.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US.お知らせ • Feb 05+ 1 more updateHaynes International, Inc. Provides Revenue Guidance for the Second Quarter of 2024Haynes International, Inc. provided revenue guidance for the second quarter of 2024. for the quarter, the company believes that revenue and earnings are expected to be higher in the second quarter compared to the first quarter.New Risk • Feb 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).お知らせ • Jan 27Haynes International, Inc. to Report Q1, 2024 Results on Feb 08, 2024Haynes International, Inc. announced that they will report Q1, 2024 results After-Market on Feb 08, 2024お知らせ • Jan 10Haynes International, Inc., Annual General Meeting, Feb 21, 2024Haynes International, Inc., Annual General Meeting, Feb 21, 2024, at 09:30 Eastern Standard Time. Agenda: To elect Robert H. Getz as a director of Haynes to serve for a one-year term; To elect Dawne S. Hickton as a director of Haynes to serve for a one-year term; To elect Alicia B. Masse as a director of Haynes to serve for a one-year term; To elect Brian R. Shelton as a director of Haynes to serve for a one-year term; To elect Michael L. Shor as a director of Haynes to serve for a one-year term; and to discuss other matters.Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.2%. The fair value is estimated to be US$59.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.9% in 2 years. Earnings is forecast to grow by 42% in the next 2 years.分析記事 • Nov 23Haynes International (NASDAQ:HAYN) Is Due To Pay A Dividend Of $0.22Haynes International, Inc. ( NASDAQ:HAYN ) has announced that it will pay a dividend of $0.22 per share on the 15th of...Reported Earnings • Nov 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$3.31 (down from US$3.62 in FY 2022). Revenue: US$590.0m (up 20% from FY 2022). Net income: US$41.6m (down 6.7% from FY 2022). Profit margin: 7.1% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 17Haynes International, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2024Haynes International, Inc. provided earnings guidance for the first quarter of fiscal 2024. Revenue and earnings in the first quarter of fiscal 2024 are expected to be higher compared to the first quarter of fiscal 2023, but lower than the fourth quarter of fiscal 2023.お知らせ • Nov 09Haynes International, Inc. to Report Q4, 2023 Results on Nov 16, 2023Haynes International, Inc. announced that they will report Q4, 2023 results After-Market on Nov 16, 2023分析記事 • Nov 04Here's Why Haynes International (NASDAQ:HAYN) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Buying Opportunity • Sep 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.6%. The fair value is estimated to be US$57.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 100%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 40% in the next 2 years.お知らせ • Aug 04Haynes International, Inc. Declares Regular Quarterly Cash Dividend on the Company’s Common Stock, Payable September 15, 2023Haynes International, Inc. declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable September 15, 2023 to stockholders of record at the close of business on September 1, 2023.お知らせ • Jul 26Haynes International, Inc. to Report Q3, 2023 Results on Aug 03, 2023Haynes International, Inc. announced that they will report Q3, 2023 results After-Market on Aug 03, 2023お知らせ • Jun 14Haynes International, Inc. Begins Network Outlet of Cybersecurity IncidentOn June 10, 2023, Haynes International Inc. 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 this outage, determine its potential impact on the Company's systems, and securely restore full functionality to the Company's systems as soon as possible. The Company's Incident Response Team reported the incident to law enforcement and has taken additional steps to protect the integrity of the Company's systems. Despite temporarily shutting down its network while it investigates the threat, the Company continues to run many of its manufacturing operations during the investigation, albeit initially less efficiently. At this time, the network shutdown is primarily affecting administrative, sales, financial and customer service functions. The investigation into this incident is ongoing, and the Company and its consultants are working to restore network functionality.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$50.27, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in the US. Total returns to shareholders of 120% over the past three years.分析記事 • Jun 07There's Been No Shortage Of Growth Recently For Haynes International's (NASDAQ:HAYN) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Upcoming Dividend • May 24Upcoming dividend of US$0.22 per share at 1.9% yieldEligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).分析記事 • May 09Haynes International (NASDAQ:HAYN) Will Pay A Dividend Of $0.22The board of Haynes International, Inc. ( NASDAQ:HAYN ) has announced that it will pay a dividend of $0.22 per share on...お知らせ • May 06Haynes International, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023Haynes International, Inc. provided earnings guidance for the third quarter and full year of 2023. The Company expects revenue and earnings in the third quarter of fiscal 2023 to be higher than the second quarter of fiscal 2023. The Company continues to expect the full year fiscal 2023 to be 15-20% higher than fiscal 2022 for both revenue and earnings.Reported Earnings • May 06Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: US$0.98 (up from US$0.68 in 2Q 2022). Revenue: US$152.8m (up 31% from 2Q 2022). Net income: US$12.3m (up 47% from 2Q 2022). Profit margin: 8.1% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$46.56, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Metals and Mining industry in the US. Total returns to shareholders of 178% over the past three years.分析記事 • Mar 03Here's Why Haynes International (NASDAQ:HAYN) Has Caught The Eye Of InvestorsIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Recent Insider Transactions Derivative • Feb 26Vice President of Sales & Distribution notifies of intention to sell stockMarlin Losch intends to sell 19k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of February. If the sale is conducted around the recent share price of US$54.30, it would amount to US$1.0m. Since September 2022, Marlin's direct individual holding has increased from 25.01k shares to 26.84k. Company insiders have collectively sold US$847k more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Feb 21Upcoming dividend of US$0.22 per share at 1.6% yieldEligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.6%).分析記事 • Feb 16It Looks Like Shareholders Would Probably Approve Haynes International, Inc.'s (NASDAQ:HAYN) CEO Compensation PackageThe performance at Haynes International, Inc. ( NASDAQ:HAYN ) has been quite strong recently and CEO Michael Shor has...Recent Insider Transactions Derivative • Feb 12Controller & Chief Accounting Officer notifies of intention to sell stockDavid Van Bibber intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of February. If the sale is conducted around the recent share price of US$54.00, it would amount to US$122k. Since September 2022, David's direct individual holding has increased from 11.96k shares to 12.99k. Company insiders have collectively sold US$463k more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Feb 07Haynes International (NASDAQ:HAYN) Will Pay A Dividend Of $0.22The board of Haynes International, Inc. ( NASDAQ:HAYN ) has announced that it will pay a dividend on the 15th of March...Reported Earnings • Feb 05First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: US$0.62 (up from US$0.37 in 1Q 2022). Revenue: US$132.7m (up 33% from 1Q 2022). Net income: US$7.68m (up 67% from 1Q 2022). Profit margin: 5.8% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 03Haynes International, Inc. Declares Regular Quarterly Cash Dividend, Payable on March 15, 2023Haynes International, Inc. on February 2, 2023 announced that the Board of Directors declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable March 15, 2023 to stockholders of record at the close of business on March 1, 2023.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Larry Spencer was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 28Haynes International, Inc., Annual General Meeting, Feb 22, 2023Haynes International, Inc., Annual General Meeting, Feb 22, 2023, at 09:30 US Eastern Standard Time. Agenda: To elect Donald C. Campion as a director of the company to serve for a one-year term; to elect Robert H. Getz as a director of the company to serve for a one-year term; to elect Dawne S. Hickton as a director of the company to serve for a one-year term; to elect Michael L. Shor as a director of the company to serve for a one-year term; to elect Larry O. Spencer as a director of the company to serve for a one-year term; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2023; to hold an advisory vote on executive compensation; to hold an advisory vote on the frequency of future advisory votes on executive compensation; and to transact such other business as may properly come before the meeting.お知らせ • Jan 25Haynes International, Inc. to Report Q1, 2023 Results on Feb 02, 2023Haynes International, Inc. announced that they will report Q1, 2023 results After-Market on Feb 02, 2023Recent Insider Transactions Derivative • Dec 10Controller & Chief Accounting Officer notifies of intention to sell stockDavid Van Bibber intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of December. If the sale is conducted around the recent share price of US$50.84, it would amount to US$92k. Since September 2022, David's direct individual holding has increased from 11.96k shares to 12.99k. Company insiders have collectively sold US$449k more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Dec 02Independent Director recently sold US$120k worth of stockOn the 29th of November, Donald Campion sold around 2k shares on-market at roughly US$48.25 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$173k. Insiders have been net sellers, collectively disposing of US$292k more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 26Insider notifies of intention to sell stockVenkat Ishwar intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of November. If the sale is conducted around the recent share price of US$50.19, it would amount to US$1.2m. Since March 2022, Venkat's direct individual holding has decreased from 18.99k shares to 17.84k. Company insiders have collectively sold US$251k more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 25Independent Director recently sold US$173k worth of stockOn the 22nd of November, Donald Campion sold around 4k shares on-market at roughly US$49.34 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Nov 18Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$3.65 (up from US$0.71 loss in FY 2021). Revenue: US$490.5m (up 45% from FY 2021). Net income: US$45.1m (up US$53.9m from FY 2021). Profit margin: 9.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to US$60.00Up from US$52.50, the current price target is provided by 1 analyst. New target price is 13% above last closing price of US$53.18. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$3.57 next year compared to a net loss per share of US$0.71 last year.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$56.13, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in the US. Total returns to shareholders of 71% over the past three years.分析記事 • Sep 02Is Haynes International (NASDAQ:HAYN) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Upcoming Dividend • Aug 24Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (3.1%).Major Estimate Revision • Aug 04Consensus EPS estimates increase by 36%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$469.3m to US$486.4m. EPS estimate increased from US$2.62 to US$3.57 per share. Net income forecast to grow 66% next year vs 2.3% decline forecast for Metals and Mining industry in the US. Consensus price target up from US$49.50 to US$53.00. Share price rose 21% to US$41.62 over the past week.Price Target Changed • Aug 01Price target increased to US$53.00Up from US$48.00, the current price target is provided by 1 analyst. New target price is 40% above last closing price of US$37.93. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of US$2.62 next year compared to a net loss per share of US$0.71 last year.分析記事 • Aug 01We Like These Underlying Return On Capital Trends At Haynes International (NASDAQ:HAYN)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Jul 29Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.25 (up from US$0.031 in 3Q 2021). Revenue: US$130.2m (up 48% from 3Q 2021). Net income: US$15.5m (up US$15.1m from 3Q 2021). Profit margin: 12% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Over the next year, revenue is forecast to grow 18%, compared to a 2.1% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.収支内訳Haynes International の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGS:HAYN 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費30 Jun 246143749431 Mar 246043848431 Dec 236054248430 Sep 235904246430 Jun 235734545431 Mar 235595244431 Dec 225244843430 Sep 224904542430 Jun 224423143431 Mar 224001644431 Dec 21365445430 Sep 21338-945330 Jun 21322-1743331 Mar 21315-2643331 Dec 20344-1844430 Sep 20381-747430 Jun 20430550431 Mar 204761750431 Dec 194921549430 Sep 194901048430 Jun 19483647331 Mar 19470349431 Dec 18453-152430 Sep 18435-2255430 Jun 18414-2851431 Mar 18399-3249431 Dec 17392-3245430 Sep 17395-1058430 Jun 17402-342431 Mar 17405341431 Dec 16405440430 Sep 16406540430 Jun 16416840431 Mar 164361143431 Dec 154722443430 Sep 154883043430 Jun 154913141431 Mar 154962639431 Dec 144721438430 Sep 14455439430 Jun 14451139431 Mar 14448438431 Dec 1346212384質の高い収益: HAYNは 高品質の収益 を持っています。利益率の向上: HAYNの現在の純利益率 (6.1%)は、昨年(7.8%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: HAYNの収益は過去 5 年間で年間43.1%増加しました。成長の加速: HAYNは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: HAYNは過去 1 年間で収益成長率がマイナス ( -17.1% ) となったため、 Metals and Mining業界平均 ( 77.8% ) と比較することが困難です。株主資本利益率高いROE: HAYNの 自己資本利益率 ( 8.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/11/22 09:17終値2024/11/20 00:00収益2024/06/30年間収益2023/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Haynes International, Inc. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Michael GambardellaJ.P. MorganPhilip GibbsKeyBanc Capital Markets Inc.Christopher OlinLongbow Research LLC5 その他のアナリストを表示
Reported Earnings • Aug 02Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.64 (down from US$0.69 in 3Q 2023). Revenue: US$153.9m (up 7.0% from 3Q 2023). Net income: US$8.13m (down 6.5% from 3Q 2023). Profit margin: 5.3% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 10Second quarter 2024 earnings released: EPS: US$0.68 (vs US$0.98 in 2Q 2023)Second quarter 2024 results: EPS: US$0.68 (down from US$0.98 in 2Q 2023). Revenue: US$152.5m (flat on 2Q 2023). Net income: US$8.55m (down 30% from 2Q 2023). Profit margin: 5.6% (down from 8.0% in 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 05First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.61. Revenue: US$147.4m (up 11% from 1Q 2023). Net income: US$7.70m (flat on 1Q 2023). Profit margin: 5.2% (down from 5.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US.
お知らせ • Jan 27Haynes International, Inc. to Report Q1, 2024 Results on Feb 08, 2024Haynes International, Inc. announced that they will report Q1, 2024 results After-Market on Feb 08, 2024
Reported Earnings • Nov 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$3.31 (down from US$3.62 in FY 2022). Revenue: US$590.0m (up 20% from FY 2022). Net income: US$41.6m (down 6.7% from FY 2022). Profit margin: 7.1% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 09Haynes International, Inc. to Report Q4, 2023 Results on Nov 16, 2023Haynes International, Inc. announced that they will report Q4, 2023 results After-Market on Nov 16, 2023
お知らせ • Nov 22+ 2 more updatesHaynes International, Inc.(NasdaqGS:HAYN) dropped from NASDAQ Composite IndexHaynes International, Inc. has been dropped from the NASDAQ Composite Index (^COMP)
Recent Insider Transactions Derivative • Sep 08VP of Finance notifies of intention to sell stockDaniel Maudlin intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of September. If the sale is conducted around the recent share price of US$59.66, it would amount to US$402k. Since December 2023, Daniel has owned 29.53k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Upcoming Dividend • Aug 23Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.9%).
Major Estimate Revision • Aug 08Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$620.3m to US$606.2m. EPS estimate also fell from US$3.09 per share to US$2.55 per share. Net income forecast to grow 23% next year vs 29% growth forecast for Metals and Mining industry in the US. Consensus price target of US$61.00 unchanged from last update. Share price was steady at US$59.41 over the past week.
Declared Dividend • Aug 05Third quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 61% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 02Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.64 (down from US$0.69 in 3Q 2023). Revenue: US$153.9m (up 7.0% from 3Q 2023). Net income: US$8.13m (down 6.5% from 3Q 2023). Profit margin: 5.3% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 02+ 1 more updateHaynes International, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024Haynes International, Inc. provided earnings guidance for the fourth quarter of fiscal 2024. The company expects fourth quarter revenue and earnings to be similar to the third quarter of fiscal 2024 as a result of the unfavorable impact of lower production volumes primarily due to two factors – the Boeing build rate slowdown, and the Company’s significant inventory reduction initiatives.
お知らせ • Jun 29Haynes International Inc. Appoints Marlin C. Losch III Chief Operating Officer, Effective from July 1, 2024Haynes International, Inc. announced Marlin (Marty) C. Losch III has been named Chief Operating Officer of Haynes International, effective July 1, 2024. 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. Haynes has initiated a search to identify candidates to fill Mr. Losch’s prior role as Vice President of Sales and Distribution. The Company expects to fill this role in the coming months and in the meantime, Mr. Losch will continue to lead and support the Sales and Distribution team to ensure a smooth transition. Having joined Haynes in 1988, Mr. Losch brings nearly four decades of experience from various operational roles of increasing responsibility, most recently as Vice President of Sales and Distribution. In this capacity he was responsible for sales and distribution worldwide and transformed the department into a world-class service-oriented organization. Prior to that, he was the Vice President of North American Sales for three years after serving as the Regional Manager of the Company’s Midwest operations. He has also held various marketing, quality engineering, and production positions. Marty received his B.S. Material Engineering from Virginia Tech in 1983 and a Masters in Manufacturing Management from GMI in 1996. The Company also announced that David L. Strobel, Vice President of Kokomo Operations will be retiring in early 2025. Mr. Strobel has been serving as the Company’s Vice President of Kokomo Operations since September 2018, leading the operations team’s safety, quality, and process improvement initiatives. Prior to Haynes, Mr. Strobel served as a consultant to manufacturing companies and held various executive positions at Carpenter Technology Corporation. Haynes has begun a search to identify a replacement for Mr. Strobel, which the Company expects to fill in the coming months. Until his retirement, Mr. Strobel will work alongside his successor to ensure a smooth transition and successful integration with NAS and Acerinox.
Declared Dividend • May 13Second quarter dividend of US$0.22 announcedDividend of US$0.22 is the same as last year. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 27% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 11Haynes International, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 14, 2024Haynes International, Inc. announced that on May 1, 2024, the Board of Directors declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable June 14, 2024 to stockholders of record at the close of business on May 31, 2024. Any future dividends will be at the discretion of the Board of Directors.
Reported Earnings • May 10Second quarter 2024 earnings released: EPS: US$0.68 (vs US$0.98 in 2Q 2023)Second quarter 2024 results: EPS: US$0.68 (down from US$0.98 in 2Q 2023). Revenue: US$152.5m (flat on 2Q 2023). Net income: US$8.55m (down 30% from 2Q 2023). Profit margin: 5.6% (down from 8.0% in 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Feb 22Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.7%).
お知らせ • Feb 07Haynes International, Inc. announced that it expects to receive $170 million in funding from Acerinox, S.A.Haynes International, Inc announced a private placement to issue gross proceeds of $170,000,000 on February 5, 2024. The transaction included participation from new investor, Acerinox, S.A .The transaction, has been unanimously approved by the board of directors of both companies, is expected to close in the third calendar quarter of 2024, subject to satisfaction of customary closing conditions, including receipt of regulatory approval and approval by Haynes stockholders. Upon completion of the transaction, Haynes shares will cease trading on the Nasdaq stock exchange
お知らせ • Feb 06North American Stainless, a subsidiary of Acerinox, S.A. (BME:ACX) entered into a definitive agreement to acquire Haynes International, Inc. (NasdaqGS:HAYN) for approximately $790 million.North American Stainless, a subsidiary of Acerinox, S.A. (BME:ACX) entered into a definitive agreement to acquire Haynes International, Inc. (NasdaqGS:HAYN) for approximately $790 million on February 4, 2024. North American Stainless will acquire Haynes International in an all-cash transaction. Under the terms of the agreement, Acerinox will acquire all the outstanding shares of Haynes for $61.00 per share in cash, which represents a fully diluted equity value of $798 million, and a premium of approximately 22% to Haynes’s six-month volume-weighted average share price for the period ending February 2, 2024. The all-cash transaction values Haynes at an enterprise value of approximately $970 million. Acerinox plans to finance the transaction using existing available cash on its balance sheet. The transaction includes the absorption of Haynes’s debt and other adjustments of approximately $172 million. In Connection with Transaction, Acerinox will Invest an Additional $200 million in U.S. Operations, Including $170 Million in Haynes’ Operations. Upon completion of the transaction, Haynes’s shares will no longer be traded on the Nasdaq, and Haynes will become a wholly owned subsidiary of Acerinox. Under certain circumstances mentioned in the agreement, in case of termination, Haynes International will be required to pay North American a termination fee in an amount equal to $28 million. The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $61 per share in cash for which Haynes International, Inc. has agreed to be sold to North American Stainless.The transaction is subject to receipt of regulatory approval and the satisfaction of customary closing conditions, including approval by Haynes shareholders and the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Act. The transaction has been unanimously approved by the Boards of Directors of Haynes and Acerinox. The transaction is expected to close in the third calendar quarter of 2024. The transaction is expected to be immediately accretive to Acerinox’s earnings per share in its first year of ownership, even prior to the realization of $71 million in estimated annual synergies. Goldman Sachs Bank Europe SE is serving as the exclusive financial advisor to Acerinox. Scott A. Barshay and Kyle T. Seifried of Paul, Weiss, Rifkind, Wharton & Garrison LLP and Linklaters are serving as legal counsels to Acerinox. Jefferies LLC is serving as the exclusive financial and opinion provider advisor to Haynes. David M. Klein, Allison M. Wein, Michael Movsovich, Andrea Agathoklis Murino, Matthew Sinclair-Thomson, Ivan A. Schlager, Rohit A. Nafday, Rohit A. Nafday, Karsten Busby, Dean S. Shulman, Sehj Vather, Joanna Schlingbaum and Julia Danforth of Kirkland & Ellis LLP is serving as legal counsel to Haynes.
Reported Earnings • Feb 05First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.61. Revenue: US$147.4m (up 11% from 1Q 2023). Net income: US$7.70m (flat on 1Q 2023). Profit margin: 5.2% (down from 5.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US.
お知らせ • Feb 05+ 1 more updateHaynes International, Inc. Provides Revenue Guidance for the Second Quarter of 2024Haynes International, Inc. provided revenue guidance for the second quarter of 2024. for the quarter, the company believes that revenue and earnings are expected to be higher in the second quarter compared to the first quarter.
New Risk • Feb 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
お知らせ • Jan 27Haynes International, Inc. to Report Q1, 2024 Results on Feb 08, 2024Haynes International, Inc. announced that they will report Q1, 2024 results After-Market on Feb 08, 2024
お知らせ • Jan 10Haynes International, Inc., Annual General Meeting, Feb 21, 2024Haynes International, Inc., Annual General Meeting, Feb 21, 2024, at 09:30 Eastern Standard Time. Agenda: To elect Robert H. Getz as a director of Haynes to serve for a one-year term; To elect Dawne S. Hickton as a director of Haynes to serve for a one-year term; To elect Alicia B. Masse as a director of Haynes to serve for a one-year term; To elect Brian R. Shelton as a director of Haynes to serve for a one-year term; To elect Michael L. Shor as a director of Haynes to serve for a one-year term; and to discuss other matters.
Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.2%. The fair value is estimated to be US$59.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.9% in 2 years. Earnings is forecast to grow by 42% in the next 2 years.
分析記事 • Nov 23Haynes International (NASDAQ:HAYN) Is Due To Pay A Dividend Of $0.22Haynes International, Inc. ( NASDAQ:HAYN ) has announced that it will pay a dividend of $0.22 per share on the 15th of...
Reported Earnings • Nov 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$3.31 (down from US$3.62 in FY 2022). Revenue: US$590.0m (up 20% from FY 2022). Net income: US$41.6m (down 6.7% from FY 2022). Profit margin: 7.1% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 17Haynes International, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2024Haynes International, Inc. provided earnings guidance for the first quarter of fiscal 2024. Revenue and earnings in the first quarter of fiscal 2024 are expected to be higher compared to the first quarter of fiscal 2023, but lower than the fourth quarter of fiscal 2023.
お知らせ • Nov 09Haynes International, Inc. to Report Q4, 2023 Results on Nov 16, 2023Haynes International, Inc. announced that they will report Q4, 2023 results After-Market on Nov 16, 2023
分析記事 • Nov 04Here's Why Haynes International (NASDAQ:HAYN) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Buying Opportunity • Sep 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.6%. The fair value is estimated to be US$57.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 100%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 40% in the next 2 years.
お知らせ • Aug 04Haynes International, Inc. Declares Regular Quarterly Cash Dividend on the Company’s Common Stock, Payable September 15, 2023Haynes International, Inc. declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable September 15, 2023 to stockholders of record at the close of business on September 1, 2023.
お知らせ • Jul 26Haynes International, Inc. to Report Q3, 2023 Results on Aug 03, 2023Haynes International, Inc. announced that they will report Q3, 2023 results After-Market on Aug 03, 2023
お知らせ • Jun 14Haynes International, Inc. Begins Network Outlet of Cybersecurity IncidentOn June 10, 2023, Haynes International Inc. 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 this outage, determine its potential impact on the Company's systems, and securely restore full functionality to the Company's systems as soon as possible. The Company's Incident Response Team reported the incident to law enforcement and has taken additional steps to protect the integrity of the Company's systems. Despite temporarily shutting down its network while it investigates the threat, the Company continues to run many of its manufacturing operations during the investigation, albeit initially less efficiently. At this time, the network shutdown is primarily affecting administrative, sales, financial and customer service functions. The investigation into this incident is ongoing, and the Company and its consultants are working to restore network functionality.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$50.27, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in the US. Total returns to shareholders of 120% over the past three years.
分析記事 • Jun 07There's Been No Shortage Of Growth Recently For Haynes International's (NASDAQ:HAYN) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Upcoming Dividend • May 24Upcoming dividend of US$0.22 per share at 1.9% yieldEligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).
分析記事 • May 09Haynes International (NASDAQ:HAYN) Will Pay A Dividend Of $0.22The board of Haynes International, Inc. ( NASDAQ:HAYN ) has announced that it will pay a dividend of $0.22 per share on...
お知らせ • May 06Haynes International, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023Haynes International, Inc. provided earnings guidance for the third quarter and full year of 2023. The Company expects revenue and earnings in the third quarter of fiscal 2023 to be higher than the second quarter of fiscal 2023. The Company continues to expect the full year fiscal 2023 to be 15-20% higher than fiscal 2022 for both revenue and earnings.
Reported Earnings • May 06Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: US$0.98 (up from US$0.68 in 2Q 2022). Revenue: US$152.8m (up 31% from 2Q 2022). Net income: US$12.3m (up 47% from 2Q 2022). Profit margin: 8.1% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$46.56, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Metals and Mining industry in the US. Total returns to shareholders of 178% over the past three years.
分析記事 • Mar 03Here's Why Haynes International (NASDAQ:HAYN) Has Caught The Eye Of InvestorsIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Recent Insider Transactions Derivative • Feb 26Vice President of Sales & Distribution notifies of intention to sell stockMarlin Losch intends to sell 19k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of February. If the sale is conducted around the recent share price of US$54.30, it would amount to US$1.0m. Since September 2022, Marlin's direct individual holding has increased from 25.01k shares to 26.84k. Company insiders have collectively sold US$847k more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Feb 21Upcoming dividend of US$0.22 per share at 1.6% yieldEligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.6%).
分析記事 • Feb 16It Looks Like Shareholders Would Probably Approve Haynes International, Inc.'s (NASDAQ:HAYN) CEO Compensation PackageThe performance at Haynes International, Inc. ( NASDAQ:HAYN ) has been quite strong recently and CEO Michael Shor has...
Recent Insider Transactions Derivative • Feb 12Controller & Chief Accounting Officer notifies of intention to sell stockDavid Van Bibber intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of February. If the sale is conducted around the recent share price of US$54.00, it would amount to US$122k. Since September 2022, David's direct individual holding has increased from 11.96k shares to 12.99k. Company insiders have collectively sold US$463k more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Feb 07Haynes International (NASDAQ:HAYN) Will Pay A Dividend Of $0.22The board of Haynes International, Inc. ( NASDAQ:HAYN ) has announced that it will pay a dividend on the 15th of March...
Reported Earnings • Feb 05First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: US$0.62 (up from US$0.37 in 1Q 2022). Revenue: US$132.7m (up 33% from 1Q 2022). Net income: US$7.68m (up 67% from 1Q 2022). Profit margin: 5.8% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 03Haynes International, Inc. Declares Regular Quarterly Cash Dividend, Payable on March 15, 2023Haynes International, Inc. on February 2, 2023 announced that the Board of Directors declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable March 15, 2023 to stockholders of record at the close of business on March 1, 2023.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Larry Spencer was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 28Haynes International, Inc., Annual General Meeting, Feb 22, 2023Haynes International, Inc., Annual General Meeting, Feb 22, 2023, at 09:30 US Eastern Standard Time. Agenda: To elect Donald C. Campion as a director of the company to serve for a one-year term; to elect Robert H. Getz as a director of the company to serve for a one-year term; to elect Dawne S. Hickton as a director of the company to serve for a one-year term; to elect Michael L. Shor as a director of the company to serve for a one-year term; to elect Larry O. Spencer as a director of the company to serve for a one-year term; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2023; to hold an advisory vote on executive compensation; to hold an advisory vote on the frequency of future advisory votes on executive compensation; and to transact such other business as may properly come before the meeting.
お知らせ • Jan 25Haynes International, Inc. to Report Q1, 2023 Results on Feb 02, 2023Haynes International, Inc. announced that they will report Q1, 2023 results After-Market on Feb 02, 2023
Recent Insider Transactions Derivative • Dec 10Controller & Chief Accounting Officer notifies of intention to sell stockDavid Van Bibber intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of December. If the sale is conducted around the recent share price of US$50.84, it would amount to US$92k. Since September 2022, David's direct individual holding has increased from 11.96k shares to 12.99k. Company insiders have collectively sold US$449k more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Dec 02Independent Director recently sold US$120k worth of stockOn the 29th of November, Donald Campion sold around 2k shares on-market at roughly US$48.25 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$173k. Insiders have been net sellers, collectively disposing of US$292k more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 26Insider notifies of intention to sell stockVenkat Ishwar intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of November. If the sale is conducted around the recent share price of US$50.19, it would amount to US$1.2m. Since March 2022, Venkat's direct individual holding has decreased from 18.99k shares to 17.84k. Company insiders have collectively sold US$251k more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 25Independent Director recently sold US$173k worth of stockOn the 22nd of November, Donald Campion sold around 4k shares on-market at roughly US$49.34 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Nov 18Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$3.65 (up from US$0.71 loss in FY 2021). Revenue: US$490.5m (up 45% from FY 2021). Net income: US$45.1m (up US$53.9m from FY 2021). Profit margin: 9.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to US$60.00Up from US$52.50, the current price target is provided by 1 analyst. New target price is 13% above last closing price of US$53.18. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$3.57 next year compared to a net loss per share of US$0.71 last year.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$56.13, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in the US. Total returns to shareholders of 71% over the past three years.
分析記事 • Sep 02Is Haynes International (NASDAQ:HAYN) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Upcoming Dividend • Aug 24Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (3.1%).
Major Estimate Revision • Aug 04Consensus EPS estimates increase by 36%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$469.3m to US$486.4m. EPS estimate increased from US$2.62 to US$3.57 per share. Net income forecast to grow 66% next year vs 2.3% decline forecast for Metals and Mining industry in the US. Consensus price target up from US$49.50 to US$53.00. Share price rose 21% to US$41.62 over the past week.
Price Target Changed • Aug 01Price target increased to US$53.00Up from US$48.00, the current price target is provided by 1 analyst. New target price is 40% above last closing price of US$37.93. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of US$2.62 next year compared to a net loss per share of US$0.71 last year.
分析記事 • Aug 01We Like These Underlying Return On Capital Trends At Haynes International (NASDAQ:HAYN)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Jul 29Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$1.25 (up from US$0.031 in 3Q 2021). Revenue: US$130.2m (up 48% from 3Q 2021). Net income: US$15.5m (up US$15.1m from 3Q 2021). Profit margin: 12% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Over the next year, revenue is forecast to grow 18%, compared to a 2.1% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.