Haynes International, Inc. (NASDAQ:HAYN) Q4 2023 Earnings Call Transcript

Michael Shor: I think what’s happening here — and I’ll use aerospace as an example. There is such an increase coming in — and I’ll take the 737, approximately 290 planes in 2023, 660 in 2026. And then I’ll just jump to the LEAP. 1,600 LEAP engines built in 2023. Projections are 2,400 in 2025. So what we have is customers continuing to focus on getting in line, in particular, in our long lead time items, particular VIM products. So I believe the backlog will be in general terms where it is now because of the desire to make sure that the super cycle in aerospace, everyone has got the metal they need within the supply chain.

Richard Evans: Okay. And then you’re more exposed to Boeing or Airbus in terms of end market customer?

Michael Shor: I’d say, on the engines, it’s about the same. I would say in airframe, no, which is our titanium tubing, it’s more Boeing.

Richard Evans: Okay. And your narrow-body versus wide-body? I guess, you just have more content on wide-body because the engines are that much bigger?

Michael Shor: More content per engine, but far less engines.

Richard Evans: Okay. Thank you.

Daniel Maudlin: Thank you.

Michael Shor: Thank you.

Operator: We have reached the end of the question and answer session. And I will now turn the call over to Mike Shor for closing remarks.

Michael Shor: Thank you, Holly. Thank you for your time today everybody and thank you for your interest and your ongoing support of our company. We look forward to talking to you again next quarter.

Operator: This concludes today’s conference and you may disconnect your lines at this time. Thank you for your participation.