Business Update, March 1, 2010 - Haynes International, Inc.
Business Update, March 1, 2010 - Haynes International, Inc.
Business Update, March 1, 2010 - Haynes International, Inc.
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CashSources of Cash FY2005 to First Quarter FY<strong>2010</strong>At December 31, 2009 the Company had$97.5 million in cash generated primarilyfrom:◦ Cash from operations (approximately $160.6million from September 1, 2004 throughDecember 31, 2009)◦ FY2007 stock offering (approximately $78.9million)Uses of Cash FY<strong>2010</strong> to FY2014Strategic capital initiatives◦ $85.0 millionRegular quarterly dividend of $0.20 initiated◦ $9.7 million on annualized basisFunding of pension obligation◦ $53.2 million net of tax<strong>March</strong> 1, <strong>2010</strong>24
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