Haynes International, Inc. (HAYN) Tops Q1 EPS by 1c, Comments on Outlook

January 31, 2013 4:19 PM EST
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Haynes International, Inc. (NASDAQ: HAYN) reported Q1 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $114.3 million versus the consensus estimate of $113.73 million.


Net income for the second quarter of fiscal 2013 is expected to exceed the net income of the first quarter of fiscal 2013, but is expected to continue to be unfavorably impacted by the lower volumes and weaker pricing similar to that experienced during the first quarter. Due to the continued uncertainty of the economic environment, lack of visibility and continued lower level of order entry, management does not anticipate a recovery in the second quarter. However, certain macroeconomic trends may suggest a potential improvement in the second half of 2013.

Management expects net income for fiscal 2013 to be below net income of fiscal 2012. Due to the continued uncertainty of the economic environment, the amount of the decrease continues to be uncertain.

For earnings history and earnings-related data on Haynes International, Inc. (HAYN) click here.

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