secwatch.observer — SEC 8-K summary
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Issuer:     HAYNES INTERNATIONAL INC (—)
CIK:        0000858655
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001558370-24-007599
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Haynes Q2 net income $8.6M ($0.66 EPS) down from $12.3M; raw material headwind persists; merger on track
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- Net revenues $152.5M flat YoY; net income $8.6M ($0.66 diluted EPS) vs $12.3M ($0.96) last year.
- Gross margin 17.7% (adjusted 21.2%) compressed by $5.3M raw material headwind from nickel/cobalt.
- Aerospace volume +8.9% YoY, IGT volume +19.5%; combined >83% of shipments; CPI volume -41.8%.
- Backlog $438.6M, down 1.8% YoY; capital spending FY24 estimated $22-28M.
- Dividend $0.22/share declared; Acerinox merger at $61/share, shareholder approved, closing expected Q3 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858655/000155837024007599/0001558370-24-007599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858655/000155837024007599/hayn-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007599

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