Haynes (HAYN) Reports Q2 EPS of 94c, Offers Q3 Outlook

Haynes Int'l (NASDAQ: HAYN) reported Q2 EPS of $0.94, may not compare to the analyst estimate of $0.49. Revenue for the quarter came in at $138.7 million versus the consensus estimate of $133.65 million.

Guidance

The Company expects revenues and operating margins in the third quarter of fiscal 2015 to be lower than the second quarter of fiscal 2015, and above the third quarter of fiscal 2014. This is attributable to success in shipping certain high-value orders in the second quarter of fiscal 2015 that were originally expected to be shipped in the third quarter of fiscal 2015. In addition, the Company expects modest margin compression to arise in connection with the continued softness in raw material prices, principally nickel, which customarily results in lower average selling prices for the Company's products.

For earnings history and earnings-related data on Haynes Int'l (HAYN) click here.

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