Haynes International, Inc. (NASDAQ:HAYN) Q3 2022 Earnings Conference Call July 29, 2022 9:00 AM ET

Company Participants

David Van Bibber - Controller and Chief Accounting Officer

Michael Shor - President and Chief Executive Officer

Daniel Maudlin - Vice President and Chief Financial Officer

Conference Call Participants

Steve Ferazani - Sidoti & Company

Michael Leshock - KeyBanc Capital Markets

Operator

Good morning, ladies and gentlemen, thank you for standing by. Welcome to the Haynes International, Inc., Third Quarter Fiscal 2022 Financial Results. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session.

I would now like to turn the call over to your host, Controller and Chief Accounting Officer David Van Bibber. Please go ahead.

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 and 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, 2021. 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. We continue to make excellent progress in our third quarter. The highlights are as follows: overall, order entry averaged approximately $61 million a month, both over the third quarter and for the past six months. Third quarter aerospace order entry was one of our best ever for both pounds and dollars with GBP3.2 million and $100 million entered. Our backlog is now increased for 15 consecutive months and we ended the quarter at a record level of both pounds and dollars at GBP12.1 million and $330.2 million.