Haynes posts M 2022 fiscal year profit

The Kokomo-based Haynes International Inc. is continuing to grow its year-over-year revenues and posted a fiscal year profit of just over $45 milli...

November 27, 2022
1:40 AM

The Kokomo-based Haynes International Inc. is continuing to grow its year-over-year revenues and posted a fiscal year profit of just over $45 million, the company announced during its fourth quarter earnings call Friday.The alloy products maker posted a fiscal fourth-quarter net income of $16.3 million on net revenues of 143.8 million. For the 2022 fiscal year, net income totaled $45.1 million, or $3.57 per share, the best in a decade. That's up from -$8.83 million in fiscal year 2021, largely caused by lessening demand due to the COVID-19 pandemic.

Tyler Juranovich