Haynes Int'l (HAYN) Misses Q4 EPS by 2c

Haynes Int'l (NASDAQ: HAYN) reported Q4 EPS of $0.25, $0.02 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $122.3 million versus the consensus estimate of $119 million.

Guidance

Due to the planned outage associated with the upgrade of the bright annealing line, combined with the historical weakness of the first quarter due to holidays and customers delaying deliveries past calendar year-end, the Company is expecting revenues in the first quarter of fiscal 2019 to be lower than the fourth quarter of fiscal 2018, and earnings are expected to be a net loss for the quarter. However, the Company expects revenue and earnings in the first quarter of fiscal 2019 to be higher than the same period of fiscal 2018. After the completion of this planned outage in the first quarter, the Company expects the impact of these issues to be alleviated.

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

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