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.

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Universal Stainless & Alloy Products reports record sales amid challenges

Universal Stainless & Alloy Products reported strong Q4 2022 performance with record premium alloy sales and a high order backlog.
Despite challenges like lower gross margins and a net loss, the company remains optimistic about market opportunities in aerospace and premium products.
Strategic investments in technology and capacity expansion position Universal Stainless for future growth and increased market share.
The company aims to address ongoing challenges like supply chain issues while capitalizing on opportunities in key markets like aerospace and oil & gas.

Universal Stainless & Alloy Products beats Q1 expectations, eyes growth

USAP's Q1 2023 performance exceeded expectations, driven by aerospace demand and premium alloy sales, with a record high order backlog of $366 million.
Despite challenges like labor availability and supply chain bottlenecks, the company showcased operational improvements and strong financial metrics.
With a focus on long-term growth, USAP aims for higher margins, improved inventory turnover, and capitalizing on opportunities in aerospace, oil & gas, and defense markets.

Universal Stainless & Alloy Products (USAP) reports strong Q2 performance and growth outlook

Universal Stainless & Alloy Products (USAP) demonstrated strong financial performance in Q2 2023, with notable sales growth and profitability improvements. Despite facing challenges like shipment timing and metal price fluctuations, the company remains resilient and focused on growth opportunities.
USAP's strengths in aerospace sales, debt reduction, and market positioning bode well for its future performance. By navigating challenges and leveraging opportunities in various end markets, USAP is poised for continued success and sustainable growth in the industry.
Investors should take note of USAP's solid financial metrics, strategic initiatives, and market potential. With a clear focus on operational efficiency, debt management, and growth strategies, USAP is well-positioned to capitalize on market trends and drive shareholder value.

Universal Stainless & Alloy Products reports stellar Q3 performance and optimistic outlook

Universal Stainless & Alloy Products (USAP) showcased robust financial performance in Q3 2023, marked by record sales, improved margins, and increased profitability.
The company's strategic focus on premium alloy sales, cost management, and operational efficiency has yielded positive results and positioned it for future growth.
With a new CEO at the helm and a positive outlook for the coming quarters, USAP is well-positioned to capitalize on opportunities and navigate challenges effectively.

Universal Stainless & Alloy Products (USAP) reports record sales and growth opportunities

USAP's Q4 2023 earnings call highlighted strong financial performance, record sales, and strategic initiatives for growth. Despite challenges like raw material misalignment and internal control weaknesses, the company remains optimistic about growth momentum for 2024 and beyond.

Universal Stainless & Alloy Products (USAP) achieves record margins and profitability in Q1 2024

Universal Stainless & Alloy Products (USAP) demonstrated strong financial performance in Q1 2024, with record margins and profitability. Despite challenges in the aerospace sector, the company's strategic investments and market focus have yielded positive results. USAP is poised to leverage opportunities in energy, heavy equipment, and general industrial markets for continued growth.

Universal Stainless reports record Q2 sales driven by aerospace

Universal Stainless & Alloy Products delivered a strong performance in Q2 2024, driven by record sales and aerospace market demand.
The company's strategic focus on premium alloys, operational efficiency, and financial management strengths position it for future growth.
While facing challenges in managing capital expenditures and market risks, Universal Stainless has opportunities to leverage aerospace market growth and enhance its market position.
Overall, Universal Stainless is well-positioned to navigate market dynamics, capitalize on growth opportunities, and drive value for stakeholders.

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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's business appears to have bottomed, with the company returning to positive gross margin and posting a second consecutive quarter of sequential revenue and backlog growth.

Universal Stainless & Alloy Products Still Offers Significant Leverage To Improving Alloy Demand

Presentation to be Webcast and Archived Presentation to be Webcast and Archived

Universal Stainless to Present at Jefferies 2021 Virtual Industrials Conference on August 3rd

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Universal Stainless (USAP) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Universal Stainless (USAP) Is Still Trading at a Bargain

Universal Stainless & Alloy Products, Inc. (USAP) CEO Dennis Oates on Q2 2021 Results - Earnings Call Transcript

Universal Stainless (USAP) delivered earnings and revenue surprises of 64.00% and -4.22%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Universal Stainless & Alloy Products (USAP) Reports Q2 Loss, Misses Revenue Estimates

BRIDGEVILLE, Pa., July 21, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported net sales for the second quarter of 2021 of $38.5 million, an increase of 4.0% from $37.0 million in the first quarter of 2021, although 26.6% lower than $52.5 million in the second quarter of 2020.

Universal Stainless Reports Improved Second Quarter 2021 Results

BRIDGEVILLE, Pa., July 14, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the second quarter of 2021 on Wednesday, July 21, 2021. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on July 21st. The call will be webcast simultaneously for all interested parties over the Internet.

Universal Stainless to Webcast Second Quarter 2021 Conference Call on July 21st

Universal Stainless & Alloy Products' (USAP) CEO Denny Oates on Q1 2021 Results - Earnings Call Transcript

Universal Stainless (USAP) delivered earnings and revenue surprises of 20.31% and 9.29%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Universal Stainless & Alloy Products (USAP) Reports Q1 Loss, Tops Revenue Estimates

Shares of Universal Stainless (NASDAQ:USAP) rose 10.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 81.25% year over year to ($0.29), which beat the estimate of ($0.64).

Recap: Universal Stainless Q1 Earnings

BRIDGEVILLE, Pa., April 21, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported net sales for the first quarter of 2021 of $37.0 million, an increase of 18.2% from $31.3 million in the fourth quarter of 2020, although 36.7% lower than $58.5 million in the first quarter of 2020.

Universal Stainless Reports Improved First Quarter 2021 Results

BRIDGEVILLE, Pa., April 14, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the first quarter of 2021 on Wednesday, April 21, 2021. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on April 21st. The call will be webcast simultaneously for all interested parties over the Internet.

Universal Stainless to Webcast First Quarter 2021 Conference Call on April 21st

Improving Stainless Demand And Bottoming Markets Encouraging For Universal Stainless & Alloy Products

BRIDGEVILLE, Pa., March 22, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that Christopher T. Scanlon has tendered his resignation as Vice President Finance, Chief Financial Officer and Treasurer effective March 19 to pursue a new opportunity.

Universal Stainless Announces Resignation of Christopher T. Scanlon as Vice President Finance, CFO and Treasurer

BRIDGEVILLE, Pa., March 19, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it has amended and restated its five-year $120 million asset-based lending (ABL) credit agreement with PNC Bank, National Association. The new agreement includes a revolving credit facility of $105 million and increases the term loan facility to $15 million. The Company's obligations under the amended and restated credit agreement continue to be collateralized by substantially all of the Company's accounts receivables, inventory, and fixed assets. The new credit agreement will expire in March 2026.

Universal Stainless Announces Amended and Restated Credit Agreement

BRIDGEVILLE, Pa., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today announced a base price increase of 3% to 10% on all products. The increase will be effective March 1, 2021 for all new orders. Current material and energy surcharges will remain in effect.

Universal Stainless Announces Base Price Increase

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Universal Stainless & Alloy Products, Inc. (USAP) CEO Dennis Oates on Q4 2020 Results - Earnings Call Transcript

Shares of Universal Stainless (NASDAQ:USAP) were flat in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 2700.00% year over year to ($0.52), which beat the estimate of ($0.62).

Recap: Universal Stainless Q4 Earnings

BRIDGEVILLE, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported net sales for the fourth quarter of 2020 of $31.3 million, a decrease of 16.3% from $37.4 million in the third quarter of 2020, and 43.2% lower than $55.2 million in the fourth quarter of 2019.

Universal Stainless Reports Fourth Quarter 2020 Results

BRIDGEVILLE, Pa., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the fourth quarter and full year 2020 on Wednesday, January 27, 2021. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on January 27th. The call will be webcast simultaneously for all interested parties over the Internet.

Universal Stainless to Webcast Fourth Quarter 2020 Conference Call on January 27th

Universal Stainless & Alloy Products, Inc. (USAP) CEO Dennis Oates on Q3 2020 Results - Earnings Call Transcript

Shares of Universal Stainless (NASDAQ:USAP) remained unaffected in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 980.00% year over year to ($0.44), which missed the estimate of ($0.36).

Universal Stainless: Q3 Earnings Insights

BRIDGEVILLE, Pa., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it has reached a new 5-year collective bargaining agreement with the hourly employees at its Titusville, PA facility represented by Local 7312-03 of the United Steelworkers.  

Universal Stainless Reaches Labor Agreement at Its Titusville Facility

BRIDGEVILLE, Pa., Aug.  24, 2020  (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) (“ Universal Stainless ” or the “ Company ”)  announced today that its Board of Directors (the “ Board ”) has adopted a Tax Benefits Preservation Plan (the “ Plan ”) designed to protect the availability of the Company’s existing net operating loss carryforwards (“ NOLs ”), tax credit carryforwards and other tax attributes (collectively, the “ Tax Benefits ”), which can potentially be utilized in certain circumstances to reduce the Company’s future income tax obligations.

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