Haynes international posts q1 eps of $0.26

Haynes international, inc. reports first quarter fiscal 2020 financial results.q1 earnings per share $0.26.q1 revenue $108.5 million versus refinitiv ibes estimate of $123.8 million.q1 earnings per share estimate $0.24 -- refinitiv ibes data.backlog of $237.6 million at december 31, 2019, an increase of 1.0% from $235.2 million at september 30, 2019.overall shipments during q1 of fiscal 2020 declined from prior quarter and prior year's q1 due to a number of factors.volume shipped in q1 of fiscal 2020 was 4.2 million pounds, which was 1.2 million pounds lower sequentially than q4 of fiscal.seen adjustments in ordering patterns for supply chains other than boeing 737 max.believes demand drivers in aerospace market are favorable long-term.continues to emphasize price increases in high-value differentiated products.haynes international - seeing a continuation of reduced demand into q2 due to uncertainty in aerospace market surrounding boeing 737 max production.haynes international - co expects revenue & earnings in q2 2020 to be higher than q1 2020 as it moves past seasonality issues that impacted q1.haynes international - co expects revenue in q2 2020 to be lower than q2 2019, however earnings are expected to be higher than last year.
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