Universal Stainless & Alloy Products

Universal Stainless & Alloy Products, Inc. engages in the manufacture and marketing of semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other premium alloyed steels. Its products are sold to service centers, forgers, rerollers, and original equipment manufacturers in the aerospace, power generation, oil and gas, heavy equipment, and general industrial markets. The company was founded in 1994 and is headquartered in Bridgeville, PA.

Earnings data Q1 2024

Universal Stainless Reports Record Q1 Sales Driven by Aerospace Demand

Universal Stainless had a strong start in Q1 2023, driven by robust aerospace demand and favorable product mix. The company achieved record-high order backlog and sales, with a focus on debt reduction and improved inventory turnover. Despite labor availability challenges, productivity and output are increasing, and the company is strategically targeting higher margin products.

Universal Stainless & Alloy Products (USAP) Reports Record Aerospace Sales and Profitability Growth in Q2 2023

USAP's Q2 2023 performance showcased strong sales growth, improved profitability, and effective debt reduction. The company's focus on premium alloy sales for aerospace applications and the expansion of its product portfolio position it for future success. However, challenges related to surcharge misalignment and labor negotiations require careful management.

Universal Stainless & Alloy Products, Inc. reports strong Q3 performance and optimistic outlook for 2024

Universal Stainless & Alloy Products, Inc. delivered strong Q3 results, driven by robust premium alloy sales and operational improvements. The company is well-positioned to capitalize on strong aerospace demand and is optimistic about the future, despite challenges in managing inventory and stabilizing commodities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Universal Stainless & Alloy Products, Inc. engages in the manufacture and marketing of semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other premium alloyed steels. Its products are sold to service centers, forgers, rerollers and original equipment manufacturers in the aerospace, power generation, oil and gas, heavy equipment and general industrial markets. The company was founded in 1994 and is headquartered in Bridgeville, PA.

Universal Stainless' (USAP) shares surge on the back of robust Q4 performance, bolstered by impressive growth in specialty and premium alloys.

Universal Stainless (USAP) Rallies 39% in 3 Months: Here's Why

Universal Stainless (USAP) hits a new 52-week high, owing to the surge in earnings and sales in Q4, driven by strong growth in specialty and premium alloys.

Universal Stainless (USAP) Hits 52-Week High: What's Driving It?

Record premium alloys sales and strong aerospace end-market sales drive Universal Stainless' (USAP) top line in Q4.

Universal Stainless (USAP) Q4 Earnings In Line, Revenues Up Y/Y

Universal Stainless & Alloy Products, Inc. (USAP) Q4 2023 Earnings Call Transcript

BRIDGEVILLE, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported financial results for the fourth quarter and the full year of 2023.  Net sales were up 12% to a record $79.8 million in the 2023 fourth quarter compared with the third quarter of 2023.  Full year 2023 net sales increased 42%, to a record $285.9 million from $202.1 million in 2022.

Universal Stainless Reports Record Sales; Full Year 2023 Net Income Highest Since 2018

BRIDGEVILLE, Pa., March 27, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the fourth quarter and full year 2023 on Thursday, March 28, 2024. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on March 28th. The call will be webcast simultaneously for all interested parties.

Universal Stainless to Webcast Fourth Quarter and Full Year 2023 Results Conference Call on March 28th

Nucor

Steel Dynamics

Softer steel prices and the China slowdown dampen prospects for the Zacks Steel Producers industry. NUE, STLD and USAP are well poised to navigate the current challenging environment.

3 Steel Producer Stocks to Escape Industry Challenges

BRIDGEVILLE, Pa., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today announced a base price increase of 7 – 12% on premium products. The increase goes into effect immediately. Current material and energy surcharges will remain in effect.

Universal Stainless Announces Base Price Increase on Premium Products

- Presentation to be Webcast and Archived - BRIDGEVILLE, Pa., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that Christopher M.

Universal Stainless to Present at TD Cowen's 45th Annual Aerospace/Defense & Industrials Conference on February 14th

BRIDGEVILLE, Pa., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP), as previously announced, will host a conference call to provide a business update today, Wednesday, January 24th, at 10:00 a.m. (Eastern). The call will be webcast simultaneously for all interested parties.

Universal Stainless Business Update Call and Webcast Scheduled for Today, January 24th

BRIDGEVILLE, Pa., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will host a conference call to provide a business update on Wednesday, January 24th, at 10:00 a.m. (Eastern). The call will be webcast simultaneously for all interested parties.

Universal Stainless Business Update Call and Webcast Scheduled for January 24th; Company to Report Fourth Quarter and Full Year 2023 Results in March

Brainsway

Carrols Restaurant Group

Virco Mfg.

VirTra

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are VTSI, USAP, TAST, BWAY, VIRC.

5 Stocks With Recent Price Strength in a Volatile Market

Iovance Biotherapeutics

Lakeland Industries

NGL Energy Partners

Universal Stainless & Alloy Products (USAP), Lakeland Industries (LAKE), NGL Energy Partners (NGL) and Iovance Biotherapeutics (IOVA) have been selected as the breakout stocks for today.

4 Best Breakout Stocks to Buy for Stellar Returns

The strong momentum in Universal Stainless' (USAP) stock reflects a stellar performance in the third quarter, primarily driven by record sales in the aerospace sector.

Universal Stainless (USAP) Surges 76% in 3 Months: Here's Why

Universal Stainless (USAP) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Recent Price Trend in Universal Stainless (USAP) is Your Friend, Here's Why

REX American Resources

Runway Growth Finance Corp

As small-caps are set to rebound in 2024, one should invest in stocks like VirTra (VTSI), REX American Resources (REX), Universal Stainless & Alloy Products (USAP), Runway Growth Finance (RWAY) and Carrols Restaurant (TAST).

5 Top-Ranked Small-Cap Stocks to Rally Hard in 2024

United States Steel

Garnishing spots on the coveted Zacks Rank #1 (Strong Buy) list this week, the strengthening outlooks of these steel producers are hard to overlook at the moment.

Time to Buy Stock in These Steel Producers

Universal Stainless' (USAP) rally reflects a robust third-quarter performance on the back of record aerospace sales.

Universal Stainless (USAP) Hits 52-Week High: What's Driving it?

Universal Stainless (USAP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Universal Stainless (USAP) Moves 7.4% Higher: Will This Strength Last?

Universal Stainless (USAP) Up 39% in 6 Months: Here's Why

Ternium

Olympic Steel

An uptick in automotive demand, rising steel prices and the sizable infrastructure investment augur well for the steel industry heading into 2024. USAP, SSAAY, ZEUS and TX are likely to continue their momentum.

4 Steel Stocks That Have Gained More Than 30% This Year

BRIDGEVILLE, Pa., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it has engaged and appointed EisnerAmper, LLP (“EisnerAmper”) as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. EisnerAmper replaces Baker Tilly, which informed the Company of its decision to resign on November 7, 2023, as previously reported. At that time Baker Tilly said that there were no disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The Company's audit committee unanimously approved the change in auditor.

Universal Stainless Engages EisnerAmper as New Audit Firm

Universal Stainless (USAP) is on the Move, Here's Why the Trend Could be Sustainable

The automotive demand recovery, strength in non-residential construction and a rebound in steel prices should enable the Zacks Steel Producers industry to thrive. NUE, X and USAP are set to gain from favorable industry fundamentals.

News for Universal Stainless & Alloy Products Stock (USAP)