2023-08-03 17:49:11 ET
- Haynes press release ( NASDAQ: HAYN ): Q3 GAAP EPS of $0.68.
- Revenue of $143.9M (+10.5% Y/Y).
- Net revenue of $143.9 million, reduced by an estimated $18-$20 million due to a cybersecurity incident.
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- Net income of $8.8 million was reduced by an estimated $0.40 to $0.45 from the cybersecurity incident and an additional $0.09 from the raw material headwind.
- Company is now back to full production and expects to make up the third quarter cyber-related revenue impact over the next few quarters.
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- Margin compression from the impact of the cybersecurity incident, along with raw material headwinds, resulted in a gross margin of 18.1% of net revenue.
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- Company record backlog of $468.1 million as of June 30, 2023, up 38.4% year-over-year.
For further details see:
Haynes GAAP EPS of $0.68, revenue of $143.9M