Business Update, March 1, 2010 - Haynes International, Inc.
Business Update, March 1, 2010 - Haynes International, Inc.
Business Update, March 1, 2010 - Haynes International, Inc.
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Financial highlights$ IN MILLIONS FY2007 FY2008 FY2009FY<strong>2010</strong>3 Mos.NET REVENUES $559.8 $637.0 $438.6 $81.0% change from prior year28.9% 13.8% (31.1%) (39.7%)OP. INCOME (LOSS)% change from prior year$108.564.7%$98.9(8.8)%$(60.6) (1)(161.2)%$(2.0)(127.1)%NET INCOME (LOSS) PER DILUTEDSHARE (EPS)% change from prior year$5.8970.3%$5.22(11.4)%$(4.36) (1)(2)(183.5)%$(0.11)(128.9)%CASH FROM OPERATIONS $4.6 $41.3 $120.0 $(0.1)Source: FY2009 Form 10-K; FY<strong>2010</strong> First Quarter Form 10-Q1) <strong>Inc</strong>ludes goodwill write-off of $43.7 million recorded in the second quarter of fiscal 2009.2) Diluted income (loss) EPS excluding the goodwill write-off was $(0.78) per share. Please seeAppendix A for a reconciliation of the differences between this non-GAAP financial measureand the directly comparable financial measure calculated and presented in accordance withGAAP.<strong>March</strong> 1, <strong>2010</strong> 19
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