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)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,5278,44047,72647,23831,0389,802
Cash and cash equivalents11,5278,44047,72647,23831,0389,802
Receivables92,13994,91259,25654,88878,73680,677
Inventory, net of allowances, customer advances and progress billings390,535357,556248,495246,124258,802273,045
Inventory390,535357,556248,495246,124258,802273,045
Other current assets4,3283,5146,1293,2853,2972,825
Total current assets:498,529464,422361,606351,535371,873366,349
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 5,6436,2186,503 
Operating lease, right-of-use asset 1,0851,4941,718 
Property, plant and equipment     169,966179,400
Intangible assets, net (including goodwill)9,8179,69810,3759,84510,07310,328
Goodwill4,7894,7894,7894,7894,7894,789
Intangible assets, net (excluding goodwill)5,0284,9095,5865,0565,2845,539
Deferred income tax assets5,6325,68016,39730,551 
Deferred tax assets, net34,13225,454
Other undisclosed noncurrent assets151,824145,767150,365160,5727,7567,163
Total noncurrent assets:167,273167,873184,849209,189221,927222,345
TOTAL ASSETS:665,802632,295546,455560,724593,800588,694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities80,46885,63968,15932,31253,33054,603
Taxes payable3,725379   
Employee-related liabilities7,734    
Accounts payable63,25554,88647,68017,55534,49737,140
Accrued liabilities17,21319,29420,10014,75718,83317,463
Deferred revenue2,5002,5002,5002,500 
Deferred revenue and credits2,500
Contract with customer, liability2,500 
Other undisclosed current liabilities5,951(7,260)3,5543,4034,2505,095
Total current liabilities:88,91980,87974,21338,21560,08062,198
Noncurrent Liabilities
Long-term debt and lease obligation88,02582,4168,0499,3337,8097,979
Long-term debt, excluding current maturities88,02574,721    
Capital lease obligations7,8097,979
Finance lease, liability 7,1197,3857,614 
Liabilities, other than long-term debt92,27885,082111,584205,421223,209179,389
Deferred revenue and credits17,829
Deferred revenue7,2047,82910,32912,829 
Contract with customer, liability15,329 
Asset retirement obligations 341     
Deferred tax liabilities, net2,0161,919
Deferred income tax liabilities3,2633,1033,4592,131 
Liability, pension and other postretirement and postemployment benefits80,90074,15097,796190,461205,864159,641
Operating lease, liability5705766641,719 
Other undisclosed noncurrent liabilities7,4368,4309,2886,2546,4275,908
Total noncurrent liabilities:187,739175,928128,921221,008237,445193,276
Total liabilities:276,658256,807203,134259,223297,525255,474
Equity
Equity, attributable to parent389,144375,488343,321301,501296,275333,220
Common stock131313131313
Treasury stock, value(15,504)(14,666)(7,423)(2,437)(2,239)(1,869)
Additional paid in capital270,340266,193262,057257,583253,843251,053
Accumulated other comprehensive income (loss)(5,681)(11,092)(12,341)(74,601)(80,638)(42,565)
Retained earnings139,976135,040101,015120,943125,296126,588
Total equity:389,144375,488343,321301,501296,275333,220
TOTAL LIABILITIES AND EQUITY:665,802632,295546,455560,724593,800588,694

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues523,704490,461337,661380,530490,215435,326
Revenue, net435,326
Cost of revenue
(Cost of Goods and Services Sold)
(412,110)(384,128)(297,931)(335,898)(424,712)(387,648)
Gross profit:111,594106,33339,73044,63265,50347,678
Operating expenses(50,569)(50,911)(46,873)(44,020)(47,787)(50,896)
Operating income (loss):61,02555,422(7,143)61217,716(3,218)
Nonoperating income
(Investment Income, Nonoperating)
161816448682
Interest and debt expense(3,682)(2,481)(1,186)(1,332)(986)(918)
Income (loss) from continuing operations before equity method investments, income taxes:57,35952,959(8,313)(676)16,816(4,054)
Other undisclosed income (loss) from continuing operations before income taxes3,9334,655(1,470)(6,822)(3,446) 
Income (loss) from continuing operations before income taxes:61,29257,614(9,783)(7,498)13,370(4,054)
Income tax expense (benefit)(13,125)(12,527)1,1001,020(3,625)(17,697)
Income (loss) from continuing operations:48,16745,087(8,683)(6,478)9,745(21,751)
Income (loss) before gain (loss) on sale of properties:40,42845,087(8,683)(6,478)9,745(21,751)
Net income (loss) attributable to parent:48,16745,087(8,683)(6,478)9,745(21,751)
Other undisclosed net loss available to common stockholders, basic(437)(433)(147)(87)(50)(94)
Net income (loss) available to common stockholders, diluted:47,73044,654(8,830)(6,565)9,695(21,845)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):48,16745,087(8,683)(6,478)9,745(21,751)
Comprehensive income (loss):48,16745,087(8,683)(6,478)9,745(21,751)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,0911,24962,26019,320(38,073)30,129
Comprehensive income (loss), net of tax, attributable to parent:54,25846,33653,57712,842(28,328)8,378

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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