Haynes International Inc. (HAYN) Financial Statements (2024 and earlier)

Company Profile

Business Address 1020 WEST PARK AVE
KOKOMO, IN 46904
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,02310,7238,44047,72647,23831,038
Cash and cash equivalents14,02310,7238,44047,72647,23831,038
Receivables97,720108,66494,91259,25654,88878,736
Inventory, net of allowances, customer advances and progress billings415,227414,077357,556248,495246,124258,802
Inventory415,227414,077357,556248,495246,124258,802
Other current assets6,2855,7023,5146,1293,2853,297
Total current assets:533,255539,166464,422361,606351,535371,873
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  5,2305,6436,2186,503 
Operating lease, right-of-use asset  1,0671,0851,4941,718 
Property, plant and equipment      169,966
Intangible assets, net (including goodwill)10,34410,4449,69810,3759,84510,073
Goodwill4,7894,7894,7894,7894,7894,789
Intangible assets, net (excluding goodwill)5,5555,6554,9095,5865,0565,284
Deferred income tax assets3,4173,6085,68016,39730,551 
Deferred tax assets, net34,132
Other undisclosed noncurrent assets153,666146,766145,767150,365160,5727,756
Total noncurrent assets:167,427167,115167,873184,849209,189221,927
TOTAL ASSETS:700,682706,281632,295546,455560,724593,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64,26771,01385,63968,15932,31253,330
Taxes payable3,725379  
Employee-related liabilities7,734   
Accounts payable46,83052,81254,88647,68017,55534,497
Accrued liabilities17,43718,20119,29420,10014,75718,833
Deferred revenue2,5002,5002,5002,5002,500 
Contract with customer, liability2,500
Other undisclosed current liabilities3,2413,276(7,260)3,5543,4034,250
Total current liabilities:70,00876,78980,87974,21338,21560,080
Noncurrent Liabilities
Long-term debt and lease obligation109,463121,65982,4168,0499,3337,809
Long-term debt, excluding current maturities109,463114,84374,721   
Capital lease obligations7,809
Finance lease, liability  6,8167,1197,3857,614 
Liabilities, other than long-term debt72,17364,07485,082111,584205,421223,209
Deferred revenue4,7045,3297,82910,32912,829 
Contract with customer, liability15,329
Asset retirement obligations266     
Deferred tax liabilities, net2,016
Deferred income tax liabilities3,8183,6863,1033,4592,131 
Liability, pension and other postretirement and postemployment benefits62,70754,69774,15097,796190,461205,864
Operating lease, liability6783625766641,719 
Other undisclosed noncurrent liabilities6,9829,4358,4309,2886,2546,427
Total noncurrent liabilities:188,618195,168175,928128,921221,008237,445
Total liabilities:258,626271,957256,807203,134259,223297,525
Equity
Equity, attributable to parent442,056434,324375,488343,321301,501296,275
Common stock131313131313
Treasury stock, value(17,141)(15,600)(14,666)(7,423)(2,437)(2,239)
Additional paid in capital278,591277,713266,193262,057257,583253,843
Accumulated other comprehensive income (loss)9,8636,373(11,092)(12,341)(74,601)(80,638)
Retained earnings170,730165,825135,040101,015120,943125,296
Total equity:442,056434,324375,488343,321301,501296,275
TOTAL LIABILITIES AND EQUITY:700,682706,281632,295546,455560,724593,800

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues604,640589,956490,461337,661380,530490,215
Cost of revenue
(Cost of Goods and Services Sold)
(493,210)(480,196)(384,128)(297,931)(335,898)(424,712)
Gross profit:111,430109,760106,33339,73044,63265,503
Operating expenses(53,802)(52,154)(50,911)(46,873)(44,020)(47,787)
Operating income (loss):57,62857,60655,422(7,143)61217,716
Nonoperating income
(Investment Income, Nonoperating)
735618164486
Interest and debt expense(8,332)(7,594)(2,481)(1,186)(1,332)(986)
Income (loss) from continuing operations before equity method investments, income taxes:49,36950,06852,959(8,313)(676)16,816
Other undisclosed income (loss) from continuing operations before income taxes1,9661,8344,655(1,470)(6,822)(3,446)
Income (loss) from continuing operations before income taxes:51,33551,90257,614(9,783)(7,498)13,370
Income tax expense (benefit)(9,397)(9,927)(12,527)1,1001,020(3,625)
Income (loss) from continuing operations:41,93841,97545,087(8,683)(6,478)9,745
Income (loss) before gain (loss) on sale of properties:45,087(8,683)(6,478)9,745
Net income (loss) attributable to parent:41,93841,97545,087(8,683)(6,478)9,745
Other undisclosed net loss available to common stockholders, basic(326)(328)(433)(147)(87)(50)
Net income (loss) available to common stockholders, diluted:41,61241,64744,654(8,830)(6,565)9,695

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income (loss):41,93841,97545,087(8,683)(6,478)9,745
Comprehensive income (loss):41,93841,97545,087(8,683)(6,478)9,745
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15,54417,4651,24962,26019,320(38,073)
Comprehensive income (loss), net of tax, attributable to parent:57,48259,44046,33653,57712,842(28,328)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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