Haynes Int'l (HAYN) Announces Capital Allocation Strategy
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Haynes International, Inc. Announces Capital Allocation Strategy
July 28, 2021 4:15 PM EDTKOKOMO, Ind., July 28, 2021 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN) (the Company), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced a multi-faceted capital allocation strategy which includes; 1) a share repurchase plan, 2) the recent adoption of a glide path for its U.S. pension plan to help secure improvements in funding percentage realized this fiscal year due to higher than expected return on plan assets combined with higher interest rates, and 3) a U.S. pension plan accelerated funding... More
