Kokomo Tribune; Kokomo, Indiana

Local News

November 17, 2012

Haynes reports higher revenues

Numbers up but CEO wants to improve capacity.

Haynes International Inc. reported its fourth-quarter net revenue as $579.6 million, a 6.8 percent increase over fiscal year 2011, in a conference call Friday morning.

Mark Comerford, president and CEO, said the metal alloy manufacturer’s net income increased more than 60 percent in 2012 to $50.2 million. He said pounds shipped this year were down 1 percent from last year, but that the average selling price per pound increased.

“I feel we’ve continued to position Haynes for greater success as all of these markets move into a growth trajectory,” he said.

Comerford said the company will be able to bring on an increased capacity with more success in coming quarters.

“We also had a record year in the tubular products area,” he said. “But to be honest with you, we’ve never felt worse about it. The tubular products side is still heavily booked and quoting lead times of roughly one year. In my opinion, we had a great year, great volume, the people in the plants did a great job, but we still disappointed customers.”

He said he hopes they will reach a higher capacity by the end of 2013.

Overall, he said specialty metals manufacturers were unsure of how the next few years would look, but foresees some segments — like chemicals the company produces for fertilizers and pharmaceuticals — to grow in the next decade.

“The current economic environment continues to be uncertain, and we may be challenged over the next several quarters,” said Marcel Martin, chief financial officer. “However, we have a business plan and continue to work at that plan.”

Megan Graham is the Kokomo Tribune business reporter. She

can be reached by phone at

765-454-8570, email at

megan.graham@kokomotribune.com

1
Text Only | Photo Reprints
Local News
  • tornadodamage34-20-04.jpg Kokomo Skating Arena: 10 years gone

    If you drive past the intersection of East Morgan and North Ohio streets these days you’ll see some trees, a parking lot and a Dollar General store. What you won’t see is the Kokomo Skating Arena, a landmark which stood on this corner for decades until a tornado caved the roof in April 20, 2004. Those who knew it well said they won’t soon forget it.

    April 20, 2014 6 Photos

  • Question Time: Name a baby (or babies) today

    “Imagine you’re having a baby (or babies) today. What would you name it (or them) and why? (You can give answers for a girl, a boy or both; and any combination for twins, triplets, etc.)”

    April 20, 2014

  • 400SUnion.jpg Counties move forward with flood mitigation one year later

    One by one, properties were bulldozed from the neighborhood between Carter and Murden streets in downtown Kokomo, physically erasing evidence of residential flooding in an area long prone to it.

    April 20, 2014 1 Photo

  • 400SUnion Counties move forward with flood mitigation one year later One by one, properties were bulldozed from the neighborhood between Carter and Murden streets in downtown Kokomo, physically erasing evidence of residential flooding in an area long prone to it. Removing homes along Park Avenue, near Waterworks Park

    April 20, 2014 2 Photos

  • Flooded area - E Murden 01 Jaimz family seeks closure after losing everything Ashley Jaimz and her sister, Amanda Urbina, took a drive through the Cedar Crest neighborhood the other day to view how residents were faring in the wake of a Nov. 17 tornado. The drive was intended to provide some closure to Jaimz, who is still stru

    April 20, 2014 1 Photo

  • NWS - FEMA 03 Kokomo resident whose basement collapsed during flood repairs own home

    Walter Raderstorf can still remember sitting in his living room inside his home on West Park Avenue, realizing he had escaped a brush with death. “I was in the basement carrying stuff up and I came in here and sat down,” he said. “It wasn’t 30 second

    April 20, 2014 2 Photos

  • Late Kokomo teacher dedicates estate to foundation Longtime Kokomo School Corp. teacher Holly Kirkpatrick will continue to have a positive impact on students thanks to a $38,000 donation from her estate to the Kokomo Public Schools Education Foundation. Kirkpatrick died in November 2012 after teachin

    April 20, 2014

  • flood anniversary Thomas family ready to move on after flood In the Thomas household, few things take precedent over baseball. You’d be hard-pressed to find a couple more dedicated to youth baseball in Kokomo — or anywhere else for that matter — than Michael and Lashanda Thomas, who have passed that love of th

    April 20, 2014 1 Photo

  • EasterEgg hunt 10 'Controlled chaos' at city's Easter egg hunt With buckets and Easter baskets in hand, hundreds of kids 10 years old and younger packed Kokomo's Northwest Park Saturday to see who could grab up the most Easter eggs. Organizers split the kids up in three age groups, 0 to 3, 4 to 6 and 7 to 10, wi

    April 20, 2014 4 Photos

  • NWS-FloodFollowDay2-15.jpg April flood brought people together to bail out community

    [Editor’s note: On April 19, 2013, a record flood hit Howard and Tipton counties. Today, we look at some of the financial aspects of the flood. In Sunday’s edition, look for stories about people who were affected, what has changed in the floodplains and how the communities are moving forward.]

    April 19, 2014 1 Photo

Latest news
Featured Ads
Only on our website
AP Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries