HAYNES INTERNATIONAL,INC. (NASDAQ:HAYN) Files An 8-K Results of Operations and Financial ConditionItem 2.02.Results of Operations and Financial Condition.
On August 3, 2017, Haynes International,Inc. (the “Company”) issued a press release announcing results for the third quarteroffiscal 2017 for period endedJune 30, 2017. The full text of the press release is furnished as exhibit 99.1 to this Form8-K and is incorporated herein by reference.
Item 7.01.Regulation FD Disclosure
On August2, 2017, the Board of Directors approved a quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock.The dividend is payable September15, 2017 to stockholders of record at the close of business on September1, 2017.The dividend cash pay-out based on the current shares outstanding is expected to be approximately $2.8 million per quarter, or approximately $11.0 million on an annualized basis.
Item 9.01.Financial Statement and Exhibits
(a)Not applicable.
(b)Not applicable.
(d)Exhibits
99.1Haynes International,Inc. press release, issued August3, 2017.
HAYNES INTERNATIONAL INC ExhibitEX-99.1 2 ex-99d1.htm EX-99.1 hayn_Ex99-1 EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Daniel Maudlin Vice President of Finance and Chief Financial Officer Haynes International,…To view the full exhibit click here
About HAYNES INTERNATIONAL,INC. (NASDAQ:HAYN)
Haynes International, Inc. (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries. Its products consist of high-temperature resistant alloys (HTA) products and corrosion-resistant alloys (CRA) products. Its HTA products are used in manufacturing components for the hot sections of gas turbine engines. Its CRA products are used in a range of applications, such as chemical processing, power plant emissions control, hazardous waste treatment, sour gas production and pharmaceutical vessels. The Company has a four-high Steckel rolling mill used in hot rolling high-performance alloys. The Company has operations in the United States, Europe and China.
