Haynes International, Inc. (NASDAQ:HAYN) Q2 2023 Earnings Conference Call May 5, 2023 9:00 AM ET

Company Participants

David Van Bibber - Controller & Chief Accounting Officer

Michael Shor - President & CEO

Daniel Maudlin - VP, Finance, Treasurer, & CFO

Conference Call Participants

Mark Reichman - Noble Capital Markets

Steve Ferazani - Sidoti

Samuel McKinney - KeyBanc Capital Markets

Chris Olin - Northcoast Research

Operator

Greetings. Welcome to the Haynes International Incorporated Second Quarter Fiscal 2023 Financial Results Conference Call. At this time, all participants have been placed on a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note this conference is being recorded. I will now turn the conference over to your host, Controller and Chief Accounting Officer, David Van Bibber. You may begin.

David Van Bibber

Thank you very much for joining us today. With me today are Mike Shor, President and CEO of Haynes International; and Dan Maudlin, Vice President and Chief Financial Officer.

Before we get started, I would like to read a brief cautionary note regarding forward-looking statements. This conference call contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. The words believe, anticipate, plan, and similar expressions are intended to identify forward-looking statements. Although, we believe our plans, intentions, and expectations regarding or suggested by such forward-looking statements are reasonable, such statements are subject to a number of risks and uncertainties, and we can provide no assurances such plans, intentions or expectations will be achieved. Many of these risks are discussed in detail in the company's filings with the Securities and Exchange Commission in particular, Form 10-K for the fiscal year ended September 30, 2022. 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.

With that, let me turn the call over to Mike.

Michael Shor

Thank you, Dave. Good morning, everyone. I've also noted that we've made fundamental and sustainable changes to our business. I'll start off with my comments today highlighting those changes and talking through the positive impact they've had on this organization.

First, we are distinctive in the combination of products and services we offer provide our customers with a value. That we believe is difficult to be delivered consistently by others in the industry. Our value proposition includes our meal and service intercommentation, our outstanding people providing technical and sales service, our deep and in many cases long-term relationships with our customer base. Our excellent alloy development and application engineering expertise, our ability to produce and ship small volumes of unique alloys and sizes. Our consistent product quality, our ability to ship cut pieces and near net shapes out of our service centers and our just in time inventory capability, because our customers truly need and value these services and product attributes, we have been able to continue to price our products based on the value we provide.