“Our business improvement and transformation initiatives resulted in a 17.5% gross margin and net income of $2.6 million in the fourth quarter.  While our fiscal year 2021 aerospace shipments were just 50% of the pre-pandemic fiscal year 2019 levels, we saw the first signs of meaningful growth of our aerospace market shipments and backlog this quarter.” 
Michael L. Shor, President and CEO of Haynes International

We believe we are well positioned to capitalize on the upcoming anticipated volume improvement in our largest market: aerospace. Published projected build rates of single aisle aircraft show significant growth expected in fiscal year 2022 and generally a return to 2019 levels in fiscal year 2023.

We decreased pension and retiree healthcare liabilities by $92.5 million, which has transformed our balance sheet, reduced FY22’s expected expense by $6.0 million and achieved a 91% funded level for our U.S. pension plan as of 9/30/21.

We are an industry leader in developing new alloys and developing new applications for existing alloys developed to meet our customers’ specialized and demanding requirements.

More than 53% of our sales are from our HASTELLOY® and HAYNES® alloys we invented. Since 2003, our technical programs have yielded 9 new proprietary alloys. We currently have 22 published U.S. patents and applications.

We are customer centric. Our unique business model combines alloy development, mill manufacturing, technical sales, and value-added processing services with our global distribution system.  

These best-in-class sales and distribution infrastructures facilitate strong customer service and long-term relationships with our blue-chip customer base.