Haynes’ quarterly results hurt by nickel prices, destocking
Aug 09, 2013 | 01:45 PM
| Daniel Fitzgerald
NEW YORK Haynes International Inc. cited lower nickel prices and continued destocking in the supply chain for lower sales and earnings in the three months ended June 30.
The Kokomo, Ind.-based company posted net income of $5.3 million for its fiscal third quarter, down 61.4 percent from $13.7 million in the same period last year, on sales that fell 12.7 percent to $123.6 million.....
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