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Haynes International Full Year 2022 Earnings: In Line With Expectations

Haynes International (NASDAQ:HAYN) Full Year 2022 Results

Key Financial Results

  • Revenue: US$490.5m (up 45% from FY 2021).

  • Net income: US$45.1m (up from US$8.83m loss in FY 2021).

  • Profit margin: 9.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.

  • EPS: US$3.65 (up from US$0.71 loss in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Haynes International Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to remain flat.

Performance of the American Metals and Mining industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Haynes International (at least 1 which is significant), and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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