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News Breaks
January 10, 2013
09:12 EDTHAYNHaynes CEO comments on Q1 preliminary revenue
Mark Comerford, president and CEO, said, "During Q1, our customers exercised increased caution in making purchases, which we attribute to ongoing uncertain economic conditions. As a result, earnings for the quarter ended December 31 will be lower than previously anticipated and we expect earnings will be uncertain in the near future due to lack of visibility. We continue to believe in the long-term growth potential of the aerospace, land-based gas turbine and chemical processing markets and we will continue to implement our capital spending projects in line with our plans to meet the growth requirements of those target markets."
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