HAYN · Haynes International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $153.92M | $152.46M | $147.36M | $143.90M | $152.79M | $132.67M | $130.16M | $117.06M | $99.43M | $88.14M |
| Cost of Revenue | $128.38M | $125.44M | $122.65M | $117.84M | $121.91M | $109.64M | $96.94M | $93.64M | $81.65M | $74.48M |
| Gross Profit | $25.54M | $27.01M | $24.71M | $26.06M | $30.88M | $23.04M | $33.22M | $23.41M | $17.78M | $13.66M |
| R&D | $1.08M | $1.10M | $1.10M | $1.01M | $1.05M | $973.0K | $957.0K | $944.0K | $905.0K | $831.0K |
| SG&A | $12.75M | $13.36M | $12.47M | $11.83M | $12.70M | $10.95M | $11.85M | $11.78M | $11.36M | $11.47M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $4.19M | - | - | $4.45M | - | - | $4.64M | - |
| Operating Income | $11.71M | $12.55M | $11.13M | $13.22M | $17.13M | $11.11M | $20.42M | $10.69M | $5.51M | $1.35M |
| Interest Expense | $2.16M | $2.01M | $2.24M | $2.16M | $1.86M | $1.50M | $750.0K | $514.0K | $300.0K | $298.0K |
| Income Tax | $2.40M | $2.52M | $1.72M | $2.69M | $3.29M | $2.25M | $5.15M | $2.78M | $1.65M | $277.0K |
| Net Income | $8.13M | $8.55M | $7.70M | $8.76M | $12.35M | $7.74M | $15.61M | $8.48M | $4.66M | $422.0K |
| EPS - Basic | $0.64 | $0.67 | $0.60 | $0.69 | $0.98 | $0.62 | $1.25 | $0.68 | $0.37 | $0.03 |
| EPS - Diluted | $0.63 | $0.66 | $0.60 | $0.68 | $0.96 | $0.61 | $1.24 | $0.67 | $0.37 | $0.03 |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.77M | $11.53M | $14.02M | $10.72M | $16.86M | $11.53M | $8.44M | $12.20M | $14.26M | $47.73M |
| Accounts Receivable | $104.47M | $100.74M | $96.11M | $106.29M | $99.73M | $91.97M | $94.91M | $75.35M | $56.86M | $57.96M |
| Inventory | $388.27M | $407.10M | $415.23M | $414.08M | $397.48M | $390.54M | $357.56M | $292.10M | $271.42M | $248.50M |
| Accounts Payable | $43.74M | $44.89M | $46.83M | $52.81M | $51.17M | $63.26M | $54.89M | $50.05M | $39.81M | $47.68M |
| Current Assets | $513.90M | $528.56M | $533.25M | $539.17M | $519.88M | $498.53M | $464.42M | $386.83M | $349.06M | $361.61M |
| Total Assets | $685.76M | $697.86M | $700.68M | $706.28M | $687.66M | $665.80M | $632.29M | $565.51M | $530.61M | $546.46M |
| Current Liabilities | $66.38M | $69.31M | $70.01M | $76.79M | $75.86M | $88.92M | $80.88M | $95.88M | $64.02M | $74.21M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $233.56M | $251.48M | $258.63M | $271.96M | $281.90M | $276.66M | $256.81M | $220.20M | $190.40M | $203.13M |
| Stockholders' Equity | $452.20M | $446.38M | $442.06M | $434.32M | $405.76M | $389.14M | $375.49M | $345.31M | $340.21M | $343.32M |
| Retained Earnings | $181.72M | $176.45M | $170.73M | $165.82M | $149.51M | $139.98M | $135.04M | $108.62M | $102.86M | $101.02M |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $17.02M | - | - | ($7.10M) | - | - | ($23.83M) | - |
| Investing Cash Flow | - | - | ($4.35M) | - | - | ($3.32M) | - | - | ($3.33M) | - |
| Financing Cash Flow | - | - | ($9.91M) | - | - | $12.73M | - | - | ($6.35M) | - |
| CapEx | - | - | $4.35M | - | - | $3.32M | - | - | $3.33M | - |
| Free Cash Flow | - | - | $12.67M | - | - | ($10.42M) | - | - | ($27.17M) | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 16.6% | 17.7% | 16.8% | 18.1% | 20.2% | 17.4% | 25.5% | 20.0% | 17.9% | 15.5% |
| Operating margin | 7.6% | 8.2% | 7.6% | 9.2% | 11.2% | 8.4% | 15.7% | 9.1% | 5.5% | 1.5% |
| EBITDA margin | - | - | 10.4% | - | - | 11.7% | - | - | 10.2% | - |
| Net margin | 5.3% | 5.6% | 5.2% | 6.1% | 8.1% | 5.8% | 12.0% | 7.2% | 4.7% | 0.5% |
| Free cash flow margin | - | - | 8.6% | - | - | -7.9% | - | - | -27.3% | - |
| FCF / Net income | - | - | 1.65 | - | - | -1.35 | - | - | -5.83 | - |
| R&D / Revenue | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.8% | 0.9% | 0.9% |
| SG&A / Revenue | 8.3% | 8.8% | 8.5% | 8.2% | 8.3% | 8.3% | 9.1% | 10.1% | 11.4% | 13.0% |
| Effective tax rate | 22.8% | 22.8% | 18.2% | 23.5% | 21.0% | 22.5% | 24.8% | 24.7% | 26.1% | 39.6% |
| Return on assets | 1.2% | 1.2% | 1.1% | 1.2% | 1.8% | 1.2% | 2.5% | 1.5% | 0.9% | 0.1% |
| Return on equity | 1.8% | 1.9% | 1.7% | 2.0% | 3.0% | 2.0% | 4.2% | 2.5% | 1.4% | 0.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.74 | 7.63 | 7.62 | 7.02 | 6.85 | 5.61 | 5.74 | 4.03 | 5.45 | 4.87 |
| Quick ratio | 1.89 | 1.75 | 1.69 | 1.63 | 1.61 | 1.21 | 1.32 | 0.99 | 1.21 | 1.52 |
| Cash ratio | 0.18 | 0.17 | 0.20 | 0.14 | 0.22 | 0.13 | 0.10 | 0.13 | 0.22 | 0.64 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 5.4x | 6.3x | 5.0x | 6.1x | 9.2x | 7.4x | 27.2x | 20.8x | 18.4x | 4.5x |
| Equity multiplier | 1.52 | 1.56 | 1.59 | 1.63 | 1.69 | 1.71 | 1.68 | 1.64 | 1.56 | 1.59 |
| Liabilities / Assets | 0.34 | 0.36 | 0.37 | 0.39 | 0.41 | 0.42 | 0.41 | 0.39 | 0.36 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.22 | 0.21 | 0.20 | 0.22 | 0.20 | 0.21 | 0.21 | 0.19 | 0.16 |
| Inventory turnover | 0.33 | 0.31 | 0.30 | 0.28 | 0.31 | 0.28 | 0.27 | 0.32 | 0.30 | 0.30 |
| Days sales outstanding | 248d | 241d | 238d | 270d | 238d | 253d | 266d | 235d | 209d | 240d |
| Days inventory outstanding | 1104d | 1185d | 1236d | 1283d | 1190d | 1300d | 1346d | 1139d | 1213d | 1218d |
| Days payable outstanding | 124d | 131d | 139d | 164d | 153d | 211d | 207d | 195d | 178d | 234d |
| Cash conversion cycle | 1227d | 1295d | 1334d | 1389d | 1275d | 1343d | 1406d | 1178d | 1244d | 1224d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.0% | -0.2% | 11.1% | 10.6% | 30.5% | 33.4% | 47.7% | 42.6% | 37.8% | 9.4% |
| Revenue CAGR (3y) | 20.4% | 22.9% | 26.9% | 21.3% | 11.1% | 6.9% | 4.8% | -2.8% | -2.4% | -8.0% |
| Revenue CAGR (5y) | 6.4% | 3.6% | 6.6% | 4.9% | 6.8% | 8.1% | 5.8% | 2.6% | 1.3% | -2.7% |
| Gross profit growth (YoY) | -2.0% | -12.5% | 7.2% | -21.6% | 31.9% | 29.6% | 143.2% | 179.2% | 1701.1% | 417.5% |
| Operating income growth (YoY) | -11.4% | -26.7% | 0.2% | -35.2% | 60.3% | 101.7% | 1410.2% | - | - | - |
| Net income growth (YoY) | -7.2% | -30.8% | -0.5% | -43.9% | 45.6% | 66.1% | 3598.6% | - | - | - |
| EPS growth (YoY) | -7.4% | -31.2% | -1.6% | -45.2% | 43.3% | 64.9% | 4033.3% | - | - | - |
| EPS CAGR (3y) | 175.9% | - | - | - | 44.2% | 32.9% | 60.5% | 77.4% | - | -20.6% |
| EPS CAGR (5y) | 16.0% | 40.6% | - | 62.5% | - | - | - | - | - | -32.9% |
| FCF growth (YoY) | - | - | - | - | - | 61.7% | - | - | - | - |
| FCF CAGR (5y) | - | - | 21.3% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.1% | 10.0% | 13.6% | 15.7% | 17.5% | 14.4% | 9.4% | 17.5% | 14.2% | 13.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-09-30.
Product / service
$1.74B totalProduct$563.43M · 32.3%
High Temperature Resistant Alloys$501.46M · 28.8%
Aerospace$290.39M · 16.7%
Industrial Gas Turbine$120.73M · 6.9%
Chemical Processing$92.02M · 5.3%
Corrosive Resistant Alloys$88.49M · 5.1%
Other Markets$60.29M · 3.5%
Other Types$26.53M · 1.5%
Geographic
$589.96M totalUS$344.38M · 58.4%
Europe$135.40M · 23.0%
Other Countries$83.08M · 14.1%
CN$27.10M · 4.6%
Peer comparison
Same SIC group: Steel Works, Blast Furnaces & Rolling & Finishing Mills
Comparing HAYNES INTERNATIONAL INC against the 5 most active filers in the same SIC group.