Haynes International (HAYN) Financials

$485.7 M

HAYN Mkt cap, 22-Jun-2018

Haynes International Revenue Q2, 2018

Haynes International Gross profit (Q2, 2018)18.5 M

Haynes International Gross profit margin (Q2, 2018), %9.2%

Haynes International Net income (Q2, 2018)-24.6 M

Haynes International EBIT (Q2, 2018)-6.4 M

Haynes International Cash, 31-Mar-201817.5 M

usd	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	482.7 m	455.4 m	487.6 m	406.4 m	395.2 m
Revenue growth, %		(6%)	7%	(17%)
Cost of goods sold	409.1 m	408.1 m	394 m	358.8 m	365.5 m
Gross profit	73.6 m	47.3 m	93.7 m	47.6 m	29.7 m
Gross profit Margin, %	15%	10%	19%	12%	8%
EBIT	32 m	5 m	47.5 m	4.2 m	(16.5 m)
EBIT margin, %	7%	1%	10%	1%	(4%)
Interest expense	72 k	68 k	412 k	555 k	865 k
Interest income	114 k	139 k	94 k	108 k	186 k
Pre tax profit	32 m	5.1 m	47.2 m	3.8 m	(17.2 m)
Income tax expense	10.4 m	1.4 m	16.7 m	(1.3 m)	(7 m)
Net Income	21.6 m	3.8 m	30.5 m	5 m	(10.2 m)

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Revenue	93.7 m	115.4 m	126.3 m	110.7 m	138.7 m	121.3 m	95.1 m	102.5 m	101.3 m	93.4 m	103.1 m	98 m	89.7 m	199.9 m
Cost of goods sold	88.5 m	106.3 m	112.2 m	90.4 m	110.9 m	97.1 m	83 m	93.6 m	88 m	82.9 m	93.3 m	94.3 m	82.7 m	181.4 m
Gross profit	5.3 m	9.1 m	14.1 m	20.3 m	27.8 m	24.2 m	12.1 m	8.9 m	13.3 m	10.5 m	9.8 m	3.7 m	7 m	18.5 m
Gross profit Margin, %	6%	8%	11%	18%	20%	20%	13%	9%	13%	11%	9%	4%	8%	9%
General and administrative expense													10.8 m	23.1 m
Operating expense total													10.8 m	23.1 m
EBIT	(5.6 m)	(1.3 m)	3.1 m	9.6 m	17.3 m	10.9 m	897 k	(1.5 m)	3.1 m	(768 k)	(1.7 m)	(7.8 m)	(4.6 m)	(6.4 m)
EBIT margin, %	(6%)	(1%)	2%	9%	12%	9%	1%	(1%)	3%	(1%)	(2%)	(8%)	(5%)	(3%)
Interest expense	18 k	21 k	17 k	16 k	16 k	36 k	138 k	139 k	138 k	169 k	236 k	234 k	230 k	459 k
Interest income	46 k	41 k	30 k	23 k	20 k	21 k	26 k	19 k	29 k	57 k	44 k	54 k	18 k	35 k
Pre tax profit	(5.6 m)	(1.3 m)	3.1 m	9.7 m	17.3 m	10.8 m	785 k	(1.7 m)	3 m	(880 k)	(1.9 m)	(8 m)	(4.9 m)	(6.9 m)
Income tax expense	(2.1 m)	(60 k)	1 m	3.3 m	5.6 m	4.2 m	557 k	(490 k)	237 k	(208 k)	(46 k)	(4.1 m)	17.7 m	17.7 m
Net Income	(3.5 m)	(1.2 m)	2.1 m	6.4 m	11.7 m	6.6 m	228 k	(1.2 m)	2.8 m	(672 k)	(1.9 m)	(4 m)	(22.5 m)	(24.6 m)

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	64 m	60.1 m	46.7 m	68.3 m	45.9 m	49 m	59.3 m	46.3 m
Accounts Receivable
Inventories				232.2 m	254 m	247.8 m	236.6 m	244.5 m
Current Assets				395.9 m	384.8 m	385.4 m	366.3 m	355.2 m
PP&E				152.8 m	174.1 m	185.4 m	199.2 m	192.6 m
Goodwill						4.8 m	4.8 m	4.8 m
Total Assets				597.9 m	610.8 m	638.2 m	649.6 m	621.8 m
Accounts Payable				27.6 m	42 m	29.4 m	29.9 m	32.8 m
Short-term debt
Current Liabilities				48.7 m	62.2 m	53.4 m	55.4 m	54.7 m
Long-term debt
Total Liabilities								288 m
Additional Paid-in Capital				238.9 m	242.4 m	244.5 m	246.6 m	248.7 m
Total Equity				355.8 m	346.7 m	342 m	311.3 m	333.8 m
Financial Leverage				1.7 x	1.8 x	1.9 x	2.1 x	1.9 x

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Cash	81 m	62.1 m	52.4 m	38.4 m	32.2 m	47.2 m	48.3 m	47.8 m	44.4 m	63 m	54.4 m	48.5 m	34 m	17.5 m
Inventories	229.5 m	237.5 m	247.6 m	266 m	254.4 m	261.1 m	257.4 m	249.4 m	245.6 m	241.6 m	242.8 m	247.4 m	267.2 m	267.9 m
Current Assets	386.5 m	389.9 m	391.5 m	388.7 m	387.4 m	399.6 m	390.2 m	385.7 m	377.5 m	366.5 m	373 m	363.4 m	369.7 m	365.7 m
PP&E	159.6 m	168 m	173.5 m	172.4 m	179.9 m	186 m	187.7 m	189.8 m	192.1 m	198.8 m	197.3 m	196.2 m	189 m	187.5 m
Goodwill					4.8 m	4.8 m	4.8 m	4.8 m	4.8 m	4.8 m	4.8 m	4.8 m	4.8 m	4.8 m
Total Assets	598.2 m	611.7 m	615 m	606.8 m	621.8 m	635.1 m	647.5 m	644.1 m	636.7 m	647.1 m	647.8 m	642.8 m	604.6 m	597.9 m
Accounts Payable	33.7 m	50.1 m	51.2 m	35.2 m	40.9 m	41.5 m	30.9 m	30.9 m	30.9 m	37.2 m	39.5 m	37.1 m	40.7 m	34.2 m
Current Liabilities	54.1 m	70 m	71.6 m	56.3 m	64 m	65.5 m	65.6 m	66.4 m	61.9 m	58.3 m	61.6 m	59 m	61.4 m	56.8 m
Total Liabilities	245.7 m	261.2 m	262.4 m	257.4 m	264.4 m	268.7 m	307.6 m	306 m	299.7 m	339.3 m	340.7 m	336.8 m	293.9 m	287.7 m
Additional Paid-in Capital	240.2 m	241.1 m	241.9 m	242.8 m	243.4 m	243.9 m	245 m	245.5 m	246.1 m	247.2 m	247.8 m	248.2 m	249.3 m	250.1 m
Total Equity	352.5 m	350.5 m	352.6 m	349.4 m	357.4 m	366.4 m	339.9 m	338.1 m	336.9 m	307.7 m	307.2 m	306 m	310.7 m	310.2 m
Financial Leverage	1.7 x	1.7 x	1.7 x	1.7 x	1.7 x	1.7 x	1.9 x	1.9 x	1.9 x	2.1 x	2.1 x	2.1 x	1.9 x	1.9 x

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	21.6 m	3.8 m	30.5 m	5 m	(10.2 m)
Depreciation and Amortization	13.7 m	15.9 m	19 m	20.5 m	21.6 m
Accounts Receivable	18.6 m	9.9 m	(5 m)	11 m	755 k
Inventories	31.5 m	(22 m)	4.1 m	6.6 m	(7 m)
Accounts Payable	(12.2 m)	15.7 m	(8.7 m)	(1.8 m)	3.5 m
Cash From Operating Activities	73.4 m	26.9 m	48.4 m	54 m	13.1 m
Purchases of PP&E	(41.6 m)	(39.7 m)	(18.5 m)	(31.6 m)	(15 m)
Cash From Investing Activities	(41.6 m)	(39.7 m)	(33.1 m)	(31.6 m)	(15 m)
Dividends Paid	(10.8 m)	(10.9 m)	(11 m)	(11 m)	(11 m)
Cash From Financing Activities	(10.4 m)	(9.6 m)	(11.4 m)	(11.5 m)	(11.4 m)
Interest Paid	7 k	3 k	347 k	486 k	807 k
Income Taxes Paid	341 k	811 k	14 m	3.8 m	709 k

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Net Income	(3.5 m)	(4.7 m)	(2.6 m)	6.4 m	18.1 m	24.7 m	228 k	(934 k)	1.9 m	(672 k)	(2.6 m)	(6.5 m)	(22.5 m)	(24.6 m)
Depreciation and Amortization	3.6 m	7.4 m	11.4 m	4.3 m	8.8 m	13.9 m	5.1 m	10.2 m	15.3 m	5.3 m	10.6 m	16 m	5.7 m	11.7 m
Accounts Receivable	20.5 m	4.3 m	6.2 m	2.6 m	(17.8 m)	(2.3 m)	10.5 m	6.7 m	5.8 m	7.6 m	(4.6 m)	675 k	7 m	(2.9 m)
Inventories	3.5 m	(4.3 m)	(13.9 m)	(13.3 m)	(3 m)	(7.7 m)	(10.7 m)	(3.4 m)	(2.1 m)	(7 m)	(7.7 m)	(10.7 m)	(22.5 m)	(21.5 m)
Accounts Payable	3.8 m	22.6 m	23.3 m	(5.2 m)	2.5 m	4 m	(3.5 m)	(3.8 m)	(1.7 m)	8.9 m	12.4 m	9.3 m	8.6 m	2.4 m
Cash From Operating Activities	24.1 m	22.6 m	24.1 m	(826 k)	15.5 m	38.9 m	10.1 m	18.4 m	26.3 m	13.5 m	11.2 m	11.8 m	(6.3 m)	(17 m)
Purchases of PP&E	(9.3 m)	(24.3 m)	(33.3 m)	(3.2 m)	(8.1 m)	(14 m)	(7.1 m)	(13.7 m)	(22.1 m)	(5.9 m)	(9.8 m)	(14.1 m)	(3.2 m)	(6.3 m)
Cash From Investing Activities	(9.3 m)	(24.3 m)	(33.3 m)	(3.2 m)	(22.7 m)	(28.6 m)	(7.1 m)		(22.1 m)	(5.9 m)	(9.8 m)	(14.1 m)	(3.2 m)	(6.3 m)
Dividends Paid	(2.7 m)	(5.4 m)	(8.2 m)	(2.7 m)	(5.5 m)	(8.2 m)	(2.7 m)	(5.5 m)	(8.2 m)	(2.8 m)	(5.5 m)	(8.3 m)	(2.8 m)	(5.5 m)
Cash From Financing Activities	(2.2 m)	(4.7 m)	(7 m)	(3 m)	(5.7 m)	(8.5 m)	(3.2 m)	(6 m)	(8.4 m)	(3.1 m)	(5.9 m)	(8.6 m)	(3.1 m)	(5.8 m)
Interest Paid	2 k	3 k	4 k			19 k	122 k	245 k	366 k	155 k	376 k	595 k	215 k	430 k
Income Taxes Paid	376 k	567 k	983 k	535 k	5.2 m	269 k	(2.7 m)	(3.3 m)	(3.7 m)	(2.7 m)	(6 m)	(3.2 m)	(10.3 m)	(11.1 m)