Haynes International (HAYN) delivered earnings and revenue surprises of -34.38% and 3.40%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
HAYN) on Thursday reported fiscal third-quarter profit of $8.1 million. On a per-share basis, the Kokomo, Indiana-based company said it had profit of 63 cents. The results fell short of Wall Street expectations.
Clearance obtained from the Committee on Foreign Investment in the United States (CFIUS) related to the planned merger with North American Stainless, Inc. Company expects that the remaining required clearances from the U.K. and Austria will be obtained for an expected transaction close in the fourth calendar quarter of 2024. Net revenues in the third quarter of fiscal 2024 increased to $153.9 million as compared to $152.5 million in the second quarter this year and $143.9 million in last year’s