Haynes International Updates Operational Restorations
19 Luglio 2023 - 5:10PM
Haynes International, Inc. (NASDAQ GM: HAYN) (the “Company”), a
leading developer, manufacturer and marketer of technologically
advanced high-performance alloys, provided an update today
regarding its operational restoration efforts following the recent
cybersecurity incident.
As disclosed last week, on June 10, 2023, the
Company began experiencing a network outage indicative of a
cybersecurity incident. Upon detection of the incident, the Company
engaged third-party specialists to assist in investigating the
source of the outage, determine its potential impact on the
Company’s systems, and securely restore full functionality to the
Company’s systems.
Although various aspects of the Company’s
networks were down while the Company retained specialists and
remediated the incident, all of the Company’s manufacturing
operations are now running, albeit with some operating
inefficiencies. In addition, the Company has substantially restored
its administrative, sales, financial, and customer service
functions.
While the Company has determined that some data
was copied from the network, at this stage, there is no evidence
that either customer or employee information was accessed. Although
the incident and the Company’s response efforts caused some delay
in product shipments, it is not yet possible to determine the full
impact on the Company’s quarterly financial results.
The investigation into this incident and the
Company’s restoration efforts are ongoing.
About Haynes
InternationalHaynes International, Inc. is a leading
developer, manufacturer and marketer of technologically advanced,
high performance alloys, primarily for use in the aerospace,
industrial gas turbine and chemical processing industries.
Cautionary Note Regarding
Forward-Looking StatementsThis press release contains
statements that constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, each as amended. All statements
other than statements of historical fact, including statements
regarding market and industry trends and prospects and future
results of operations or financial position, made in this press
release are forward-looking. In many cases, you can identify
forward-looking statements by terminology, such as “may”, “should”,
“expects”, “intends”, “plans”, “anticipates”, “believes”,
“estimates”, “predicts”, “potential” or “continue” or the negative
of such terms and other comparable terminology. The forward-looking
information may include, among other information, statements
concerning the Company’s guidance and outlook for fiscal 2023 and
beyond, overall volume and pricing trends, cost reduction
strategies and their anticipated impact on our results, gross
margin and gross margin trends, capital expenditures, demand for
our products and operations, dividends and the financial impact of
the recent cybersecurity incident. There may also be
other statements of expectations, beliefs, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical
facts. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of various factors, many of which are beyond the Company’s
control.
The Company has based these forward-looking
statements on its current expectations and projections about future
events. Although the Company believes that the assumptions on
which the forward-looking statements contained herein are based are
reasonable, any of those assumptions could prove to be inaccurate.
As a result, the forward-looking statements based upon those
assumptions also could be incorrect. Risks and uncertainties
may affect the accuracy of forward-looking statements. Some, but
not all, of these risks are described in Item 1A. of Part 1 of
the Company’s Annual Report on 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.
Contact: |
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Angela M. Kohlheim |
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Vice President, General Counsel |
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Haynes International, Inc. |
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Investor_Relations@HaynesIntl.com |
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