UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 10, 2013
HAYNES INTERNATIONAL, INC.
(Exact name of registrant as specified in
its charter)
Delaware |
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001-33288 |
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06-1185400 |
(State or other |
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(Commission File |
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(I.R.S. Employer |
1020 West Park Avenue |
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46904-9013 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (765) 456-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
The information in Items 2.02 and 9.01 of this Form 8-K is being furnished and shall not be deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
Item 2.02. Results of Operations and Financial Condition.
On January 10, 2013, Haynes International, Inc. (the Company) issued a press release announcing anticipated revenue and earnings for the first fiscal quarter ended December 31, 2012. The full text of the press release is furnished as exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statement and Exhibits
(a) |
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Not applicable. |
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(b) |
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Not applicable. |
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(d) |
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Exhibits |
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99.1 |
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Haynes International, Inc. press release, issued January 10, 2013 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Haynes International, Inc. | |
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Date: January 10, 2013 |
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By: |
/ss/: Janice C. Wilken |
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Janice C. Wilken | |
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Vice President - General Counsel and Corporate Secretary |
EXHIBIT 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE |
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Contact: |
Daniel Maudlin |
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Vice President - Chief Financial Officer |
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Haynes International, Inc. |
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765-456-6102 |
HAYNES INTERNATIONAL, INC. PROVIDES UPDATE ON
FIRST QUARTER REVENUE AND EARNINGS
KOKOMO, IN, January 10, 2013 Haynes International, Inc. (NASDAQ GM: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys (the Company), reported today that, based on currently available information, revenue and earnings for the Companys first fiscal quarter ended December 31, 2012 are expected to be lower than previously anticipated by the Company. The Company currently expects first quarter revenue to be $114.3 million and first quarter net income to be in the range of $5.5 million to $6.0 million. Mark Comerford, President and Chief Executive Officer, said During our first quarter, our customers exercised increased caution in making purchases, which we attribute to ongoing uncertain economic conditions. As a result, earnings for the quarter ended December 31, 2012 will be lower than previously anticipated and we expect earnings will be uncertain in the near future due to lack of visibility. We continue to believe in the long-term growth potential of the aerospace, land-based gas turbine and chemical processing markets and we will continue to implement our capital spending projects in line with our plans to meet the growth requirements of those target markets.
About Haynes International
Haynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel- and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including statements regarding industry prospects and future results of operations or financial position, made in this press release are forward-looking. In many cases, you can identify forward-looking statements by terminology, such as may, should, expects, intends, plans, anticipates, believes, estimates, predicts, potential or continue or the negative of such terms and other comparable terminology. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Companys control.
The Company has based these forward-looking statements on its current expectations and projections about future events. Although the Company believes that the assumptions on which the forward-looking statements contained herein are based are reasonable, any of those assumptions could prove to be inaccurate. As a result, the forward-looking statements based upon those assumptions also could be incorrect. Risks and uncertainties, some of which are discussed in Item 1A. of Part 1 to the Companys Annual Report on Form 10-K for the fiscal year ended September 30, 2012, may affect the accuracy of forward-looking statements.
The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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