Haynes earnings double on energy, higher margins
May 04, 2012 | 03:06 PM
| Thorsten Schier
NEW YORK Specialty alloys producer Haynes International Inc. reported strong results in its fiscal second quarter, buoyed by rising interest from the oil and gas markets and increased sales of higher-margin alloys.
Haynes posted net income of nearly $15.2 million in the three months ended March 31, more than double earnings in the same period last year, on revenue that rose 14.2 percent to $158.9 million.
"The energy market has been doing great for us," president and chief executive officer Mark Comerford said during the companys second-quarter earnings call. ....
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