Haynes’ quarterly results hurt by nickel prices, destocking

Aug 09, 2013 | 01:45 PM | Daniel Fitzgerald

Tags  Haynes International, earnings report, destocking, supply chain, nickel prices, order backlog, sales volumes, Mark Comerford steel alloys

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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