Haynes reports Q1 EPS 60C, consensus 70c

Reports Q1 revenue $147.4M, consensus $151.94M. “The continued strength of our aerospace and industrial gas turbine markets resulted in record first quarter revenue. In addition, we are proud of our team’s actions in the quarter to minimize the revenue impact of an unplanned three-week outage at our Kokomo hot rolling mill,” said Michael L. Shor, CEO. “While the continuing raw material headwinds from falling nickel prices will impact Q2, we continue to focus on what has and will continue to differentiate us, and we remain optimistic about continued strong demand and improving operational momentum through the balance of the year.”