Company Quick10K Filing
Haynes
10-Q 2020-03-31 Filed 2020-04-30
10-Q 2019-12-31 Filed 2020-01-30
10-K 2019-09-30 Filed 2019-11-14
10-Q 2019-06-30 Filed 2019-08-01
10-Q 2019-03-31 Filed 2019-05-02
10-Q 2018-12-31 Filed 2019-01-31
10-K 2018-09-30 Filed 2018-11-15
10-Q 2018-06-30 Filed 2018-08-02
10-Q 2018-03-31 Filed 2018-05-03
10-Q 2017-12-31 Filed 2018-02-01
10-K 2017-09-30 Filed 2017-11-16
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-Q 2016-12-31 Filed 2017-02-02
10-K 2016-09-30 Filed 2016-11-17
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-05
10-Q 2015-12-31 Filed 2016-02-04
10-K 2015-09-30 Filed 2015-11-19
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-07
10-Q 2014-12-31 Filed 2015-02-05
10-K 2014-09-30 Filed 2014-11-20
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-08
10-Q 2013-12-31 Filed 2014-02-06
10-K 2013-09-30 Filed 2013-11-21
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-02
10-Q 2012-12-31 Filed 2013-01-31
10-K 2012-09-30 Filed 2012-11-15
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-05-03
10-Q 2011-12-31 Filed 2012-02-02
10-K 2011-09-30 Filed 2011-11-17
10-Q 2011-06-30 Filed 2011-08-04
10-Q 2011-03-31 Filed 2011-05-05
10-Q 2010-12-31 Filed 2011-02-03
10-K 2010-09-30 Filed 2010-11-18
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-06
10-Q 2009-12-31 Filed 2010-02-08
8-K 2020-05-01 Officers, Exhibits
8-K 2020-04-30 Earnings, Regulation FD, Exhibits
8-K 2020-04-07 Officers
8-K 2020-03-12 Off-BS Arrangement
8-K 2020-02-25 Officers, Shareholder Vote, Exhibits
8-K 2020-01-29 Earnings, Regulation FD, Exhibits
8-K 2019-12-23 Officers, Exhibits
8-K 2019-11-19 Officers
8-K 2019-11-14 Earnings, Regulation FD, Exhibits
8-K 2019-08-01 Earnings, Regulation FD, Exhibits
8-K 2019-05-02 Earnings, Regulation FD, Exhibits
8-K 2019-02-27 Shareholder Vote
8-K 2019-01-30 Earnings, Regulation FD, Exhibits
8-K 2018-11-18 Officers
8-K 2018-11-15 Earnings, Regulation FD, Exhibits
8-K 2018-09-01 Officers, Regulation FD, Exhibits
8-K 2018-08-02 Earnings, Regulation FD, Exhibits
8-K 2018-07-06 Regulation FD, Exhibits
8-K 2018-07-01 Regulation FD, Exhibits
8-K 2018-05-29 Officers, Regulation FD, Exhibits
8-K 2018-05-01 Earnings, Regulation FD, Exhibits
8-K 2018-02-28 Shareholder Vote
8-K 2018-02-01 Earnings, Regulation FD, Exhibits
8-K 2018-01-19 Other Events

Haynes Financials

HAYN Metrics, Comps, Filings

Quarterly | Annual

Business

Haynes International, Inc. (“Haynes”, “the Company”, “we”, “our” or “us”) is one of the world’s largest producers of high‑performance nickel‑ and cobalt‑based alloys in flat product form such as sheet, coil and plate forms. The Company is focused on developing, manufacturing, marketing and distributing technologically advanced, high‑performance alloys, which are sold primarily in the aerospace, chemical processing and industrial gas turbine industries. The Company’s products consist of high‑temperature resistant alloys, or HTA products, and corrosion‑resistant alloys, or CRA products. HTA products are used by manufacturers of equipment that is subjected to extremely high temperatures, such as jet engines for the aerospace market, gas turbine engines used for power generation and industrial heating equipment. CRA products are used in applications that require resistance to very corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. Management believes Haynes is one of the principal producers of high‑performance alloy flat products in sheet, coil and plate forms, and sales of these forms, in the aggregate, represented approximately 58% of net product revenues in fiscal 2019. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms.

The Company has significant manufacturing facilities in Kokomo, Indiana; Arcadia, Louisiana; and Mountain Home, North Carolina. The Kokomo facility specializes in flat products, the Arcadia facility specializes in tubular products, and the Mountain Home facility specializes in wire products. The Company’s products are sold primarily through its direct sales organization, which includes 12 service and/or sales centers in the United States, Europe and Asia. All of these centers are Company‑operated. In fiscal 2019, approximately 75% of the Company’s net revenue was generated by its direct sales organization, and the remaining 25% was generated by a network of independent distributors and sales agents that supplement its direct sales efforts primarily in the United States, Europe and Asia, some of whom have been associated with the Company for over 30 years.

The Company’s goal is to grow its business by increasing revenues, profitability and cash flow while continuing to be its customers’ provider of choice for high-performance alloys and value-added processes. This goal is pursued within the overarching goal of safety, which is a core priority. The Company has launched and implemented a series of focus initiatives designed to continue to improve safety and to unlock the potential of the Company by increasing volumes, improving targeted pricing and relentlessly pursuing reduced costs. This includes effectively utilizing open capacity on major assets and managing mix at constrained assets.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Carpenter Technology (CRS) 2,253,195 19% 7.4 5% 3,341,500 1,764,500 2,393,200 465,700 176,700 377,400 2,779,495
Commercial Metals (CMC) 1,816,970 13% 6.8 4% 3,767,010 2,202,815 5,594,435 734,240 163,542 442,237 3,001,527
Worthington Industries (WOR) 2,218,804 13% 8.5 7% 2,510,796 1,562,402 3,759,556 479,955 163,273 340,121 2,879,541
Gerdau (GGB) 2,145,367 0% 51,281,029 25,342,458 0 0 0 0 2,138,567
United States Steel (X) 1,949,374 8% 7.2 0% 10,917,000 6,717,000 10,113,000 812,000 38,000 546,000 3,953,374
Gibraltar Industries (ROCK) 1,517,906 23% 14.0 6% 984,818 327,605 1,030,221 237,296 63,851 98,731 1,380,288
Mechel Pao (MTL) 832,541 0% 317,625,000 550,820,000 0 0 0 0 832,541
AK Steel Holding (AKS) 719,136 0% 6.5 3% 4,604,600 4,145,900 6,611,400 0 141,400 411,300 2,658,036
SunCoke Energy (SXC) 587,047 3% -29.5 -8% 1,766,200 1,219,400 1,572,000 39,700 -142,000 -43,900 1,294,647
Suncoke Energy Partners (SXCP) 531,300 4% 7.4 3% 1,633,800 1,037,800 907,700 32,400 51,600 182,100 1,348,500
Haynes (HAYN) 445,856 13% 15.1 2% 593,800 297,525 490,215 65,503 9,745 27,457 414,818
Insteel Industries (IIIN) 408,074 7% 16.7 2% 293,009 46,992 455,713 30,061 5,598 22,173 369,893
Timkensteel (TMST) 287,168 7% 14.1 -4% 1,107,300 507,600 1,388,300 94,800 -44,400 19,000 268,768
Northwest Pipe (NWPX) 244,527 14% 11.9 6% 285,313 49,560 264,616 37,047 16,034 19,566 232,783
Titan International (TWI) 169,052 9% 16.8 -3% 1,189,602 916,426 1,557,250 147,361 -35,882 36,918 619,504
Synalloy (SYNL) 142,209 11% 31.9 -1% 272,134 165,106 309,896 34,069 -1,593 7,056 225,063
Universal Stainless & Alloy Products (USAP) 139,940 12% 9.6 1% 361,018 118,360 244,899 28,208 4,658 21,487 206,252
Friedman Industries (FRD) 45,006 2% -10.9 -2% 81,928 11,049 166,500 3,459 -1,850 -2,345 25,635
Ossen Innovation (OSN) 22,760 0% 162,246 42,183 0 0 0 0 15,245
Posco (PKX) 4 12% 2.6 7% 70 28 209 26 5 8 20

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash52,03960,06254,36351,38951,34646,74065,46348,01143,56668,32681,02362,08352,39845,87138,37432,22947,23549,04548,25847,79144,41859,29762,96154,36548,47746,32833,96617,53414,5799,80211,60910,78022,04531,038
Accounts Receivable87,64987,68078,65292,75881,267100,63172,58186,45490,24382,56262,74979,06377,71772,43968,92187,50973,56375,59364,49668,06367,26161,61252,87565,22561,07661,60254,82365,73766,83973,43764,94881,08877,71976,979
Inventory259,721250,051269,316274,142291,425263,236275,705262,715255,788232,157229,473237,459247,590254,027266,042254,390261,062247,836257,372249,402245,626236,558241,590242,753247,396244,457267,228267,870271,666273,045281,041272,025269,138258,802
PP&E109,485110,678114,437115,946117,137195,618133,295141,743147,982236,769159,612168,006173,541273,004172,373179,881186,005302,419187,676189,773192,129335,829198,751197,262196,177348,777188,999187,465183,693343,410177,290175,577172,212351,244
Assets588,490596,569602,220617,943623,354626,926637,914629,101622,495597,852598,204611,734614,987610,771606,820621,799635,108638,191647,547644,141636,662649,601647,069647,837642,759621,819604,615597,887597,464588,694582,534587,732587,823593,800
Accounts Payable57,40349,08646,67249,84252,19837,47146,24838,10330,74027,60033,65650,11551,23241,95735,15740,86841,48729,38630,87630,86530,88429,92537,16439,54137,08432,80240,73734,23537,54637,14036,42240,82343,04034,497
Long-Term Debt9804,574
Liabilities305,078323,716322,404322,192317,586325,828332,016322,256308,037242,049245,668261,212262,409264,041257,446264,402268,686296,202307,607306,026299,734338,302339,348340,678336,761288,047293,928287,682290,750255,474253,910258,040257,683297,525
Stockholders' Equity272,853279,816295,751305,768301,098305,898306,845314,458355,803352,536350,522352,578346,730349,374357,397366,422341,989339,940338,115336,928311,299307,721307,159305,998333,772310,687310,205306,714333,220328,624329,692330,140296,275
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue143,122154,309128,851158,882141,574150,254114,300129,201123,587115,65893,700115,350126,293120,067110,676138,688121,270117,00195,070102,511101,255107,52393,355103,11297,977100,76589,693110,206113,114122,313107,069127,474126,032129,640
Cost of Revenue117,801124,312105,360124,347109,185119,82995,526109,117104,98299,49588,450106,286112,232101,14490,405110,85197,11995,59682,98293,60687,99094,20182,86893,32494,31594,99282,68398,75499,844106,36795,734112,791107,857108,330
Gross Profit25,32129,99723,49134,53532,38930,42518,77420,08418,60516,1635,2509,06414,06118,92320,27134,04724,15121,40512,0888,90513,26513,32210,4879,7883,6625,7737,01011,45213,27015,94611,33514,68318,17521,310
R&D7339117658148358718588528539428788858679268879468789079159139169549431,0189419808889651,0189148348598301,069
SG&A10,71011,2279,81610,68710,3829,7769,8119,4149,7619,1799,9569,48210,0859,1709,7369,61912,41210,80510,2769,5249,21110,67310,31211,64210,56410,97610,77012,28413,68610,37111,12810,66310,98511,419
Tax5,5335,4114,5037,8928,6137,5402,2823,3902,7052243761911,026-1723,2745,5774,2443,595557-490237-1,5731,836-46-4,056-2,71717,66659489558-1018361,486378
Net Income8,3978,44315,15113,73212,8565,8356,4365,2974,009-3,492-1,2232,0966,3706,38116,0046,6025,784228-1,1622,7923,162-672-1,890-3,967-3,661-22,526-2,0687132,130-1,6031,5093,8026,037
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating3,0973,5367,3316,81729,528-4709,13335,21324,065-1,4611,5082,834-82616,32223,3839,51610,1458,2517,95027,64113,469-2,2401,279-6,253-10,7843,851-5517,0964,96116,21214,778
Cash Investing-7,350-5,340-4,444-8,803-8,982-13,749-10,919-7,900-9,313-14,972-9,032-6,377-3,214-19,451-5,984-4,497-7,051-6,637-8,414-9,531-5,893-3,887-947-3,183-3,155-3,447-1,300-2,271-3,138-1,907-2,725
Cash Financing-1,254-1,422-2,643-2,825-1,917-2,919-2,713-2,813-2,213-2,501-2,300-2,550-2,989-2,737-2,791-2,914-3,161-2,793-2,451-3,097-3,073-2,781-2,807-3,051-2,790-2,783-2,870-2,879-2,790-2,850-2,797