Haynes' earnings tumble, loss seen ahead

Nov 22, 2013 | 05:17 PM | Rey Mashayekhi

Tags  Haynes International, specialty alloy, steel, Mark Comerford, Daniel Maudlin, Rey Mashayekhi

NEW YORK — Specialty alloy producer Haynes International Inc. expects to record a net loss in the coming quarter due to challenging market conditions that have affected sales and compressed margins, the company said Nov. 22.

Kokomo, Ind.-based Haynes reported net income of $4 million in its fiscal fourth quarter ended Sept. 30, down 68.8 percent from $12.9 million in the same year-ago period, on revenue that fell 23 percent to $115.7 million from $150.3 million.....

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