Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. Its products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. The company offers semi-finished and finished long products in the form of ingots, blooms, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (OEMs), which are cold rolled from purchased coiled strip, flat bar, or extruded bar. Its semi-finished long products are primarily used to produce rods; and finished bar products that are principally used by OEMs and by service center customers for distribution to various end users. The company also offers conversion services on materials supplied by its customers. Its products are used in aerospace, power generation, oil and gas, heavy equipment, general, and automotive industries, as well as in the manufacturing of equipment for food handling, health and medical, chemical processing, and pollution control; and manufacturing of metals, plastics, paper and aluminum extrusions, pharmaceuticals, electronics, and optics. The company sells its products to service centers, forgers, rerollers, and OEMs. Universal Stainless & Alloy Products, Inc. was founded in 1994 and is headquartered in Bridgeville, Pennsylvania.
IPO Year: 1994
Exchange: NASDAQ
Website: univstainless.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/20/2023 | $16.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
BRIDGEVILLE, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) reported today that it is set to join the broad-market Russell 2000 and 3000 Indexes at the conclusion of the annual reconstitution of the 2024 Russell US Indexes, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the Russell 2000 I
Jonathan Baliff selected to succeed Bill Read as CFO David Kornblatt appointed to the Board as independent director and Audit Committee Chair Redwire Corporation (NYSE:RDW), a leader in mission critical space solutions and high reliability components for the next generation space economy, today announced the appointment of Jonathan Baliff as its new Chief Financial Officer, effective June 1, 2022. Mr. Baliff will succeed Bill Read, who is transitioning from his role as Chief Financial Officer following Redwire's successful transition from being a private to a public company. In connection with this transition, the company has increased the size of its Board of Directors to eight, and appo
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. Chairman, President and CEO Dennis Oates commented: "I would like to thank Chris for his service, dedication and contributions to Universal Stainless during challenging times for our industry and our company. I wish him all the best in his future endeavors." Mr. Scanlon added: "I appreciate the many opportunities afforded to me during my tenure at Universal Stainless. It was a pleasure working w
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KeyBanc Capital Markets upgraded Universal Stainless/Alloy from Sector Weight to Overweight and set a new price target of $16.00
Q3 2024 Net Sales are a record $87.3 million; Aerospace sales top $200 million YTDQ3 2024 Net Income increased to record $11.1 million, or $1.11 per diluted shareGross Margin remained strong at 25.2% of sales BRIDGEVILLE, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported record net sales of $87.3 million for the third quarter of 2024, an increase of 5% from the second quarter of 2024, and up 22% from the third quarter of 2023. Year-to-date net sales of $247.6 million were up 20% from the same period in 2023. Third quarter premium alloy sales were a record $23.7 million, or 27.1% of sales, up 14% from the 2024 se
- Conference Call Scheduled at 9:00 AM (ET) TODAY - Universal stockholders to receive $45.00 per share in cash, a 19% premium to three-month volume-weighted average stock price; 10.6x trailing 12-month Adjusted EBITDAUniversal to become part of leader in stainless, specialty steel solutions and recycling, with complementary capabilities and strong financial resourcesUniversal to maintain distinct U.S. identity; team and operations to remain intact BRIDGEVILLE, Pa., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) ("Universal" or the "Company") announced today that it has entered into a definitive agreement to be acquired by Aperam in an all-cash
Q2 2024 Net Sales are record $82.8 millionGross Margin hits new record high of 25.4% of sales in Q2 2024Q2 2024 Net Income more than doubles from Q1 2024 to record $8.9 million, or $0.90 per diluted shareAdjusted EBITDA in Q2 2024 increases to record $18.5 million, or 22% of sales BRIDGEVILLE, Pa., July 31, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported record net sales of $82.8 million for the second quarter of 2024, an increase of 7% from the first quarter of 2024, and up 20% from the second quarter of 2023. Year-to-date net sales of $160.4 million were up 19% from the same period in 2023.
BRIDGEVILLE, Pa., July 18, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) reported today that it has reached a new five-year collective bargaining agreement covering the hourly production and maintenance employees at its North Jackson facility represented by Local Unit 2332-2 of the United Steelworkers. Christopher M. Zimmer, President and Chief Executive Officer, commented: "We are pleased to have successfully reached this new labor agreement, which is in the best interests of our employees, customers and shareholders. The capabilities of our North Jackson facility, and the capital investments we have made there, have an essential role in our tran
BRIDGEVILLE, Pa., July 17, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the second quarter of 2024 on Wednesday, July 31, 2024. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on July 31st. The call will be webcast simultaneously for all interested parties. Call Dial-In Procedures: Please Click Here to register for the conference call and obtain your dial-in number and personal PIN number in advance of the call. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the w
BRIDGEVILLE, Pa., July 01, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) reported today that it has agreed with Local 2332-2 of the United Steelworkers to a seventeen-day continuance of the collective bargaining agreement covering the hourly production and maintenance employees at the Company's North Jackson facility, subject to a 7-day termination notice by either party. The continuance provides additional time to negotiate a mutually acceptable labor agreement. During the continuance, the employees will work under the terms and conditions of the prior agreement, which otherwise would have expired at midnight on June 30, 2024. The North Jackson facilit
BRIDGEVILLE, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) reported today that it is set to join the broad-market Russell 2000 and 3000 Indexes at the conclusion of the annual reconstitution of the 2024 Russell US Indexes, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the Russell 2000 I
Q1 2024 Sales of $77.6 million vs. record $79.8 million in Q4 2023; up 18% from Q1 2023Q1 2024 Gross Margin reaches 18.9% of sales, highest since Q1 2012, despite $1.3 million raw material headwindQ1 2024 Net Income up 59% from Q4 2023 to $4.1 million, or $0.43 per diluted share Cash flow from operations totals $10.3 million, up 39% from Q4 2023 Backlog increases to $325 million on strong order entry BRIDGEVILLE, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported net sales of $77.6 million for the first quarter of 2024, which is the second highest total in company history, following its record $79.8 million reported in the 2023 f
BRIDGEVILLE, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024. In conjunction with the earnings release, the Company will host a conference call at 11:00 a.m. (Eastern) on May 1st. The call will be webcast simultaneously for all interested parties. Call Dial-In Procedures: Please Click Here to register for the conference call and obtain your dial-in number and personal PIN number in advance of the call. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the websi
Record Q4 2023 Sales of $79.8 million, up 12% from Q3 2023; Record full year 2023 sales of $285.9 million, up 42% from 2022Record Q4 2023 Premium Alloy sales of $21.1 million, up 28% from Q3 2023; Record full year Premium Alloy sales of $68.1 million, up 74% from 2022Q4 2023 Gross margin improves to 16.4% of sales, highest since Q2 2018, despite $1.6 million raw material headwindQ4 2023 Net Income up 35% from Q3 2023 to $2.6 million, or $0.27 per diluted share Cash flow from operations totals $7.4 million for the quarter; $25.2 million for full year 2023 BRIDGEVILLE, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported financial r
Keybanc analyst Philip Gibbs maintains Universal Stainless (NASDAQ:USAP) with a Overweight and raises the price target from $30 to $36.
As of May 14, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Universal Stainless & Alloy Products, Inc.. (NASDAQ:USAP) On May 1, Universal Stainless & All
Top Stories for May 1, 2024: 1. IperionX (NASDAQ:IPX) and Vegas Fastener Manufacturing have partnered to develop and manufacture titanium alloy fasteners and precision components for critical sectors, including the U.S. Army Ground Vehicle Systems Center. This collaboration aims to create products with exceptional strength-to-weight ratios and corrosion resistance for aerospace, naval, oil and gas and other high-performance industries. 2. Q1 sales for Universal Stainless (NASDAQ:USAP) reached $77.6 million, nearly matching the previous record and showing an 18% increase from Q1 2023. Gross margin hit a 12-year high at 18.9%, despite a $1.3 million cost from raw materials, and n
Universal Stainless (NASDAQ:USAP) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.32 by 34.37 percent. The company reported quarterly sales of $77.637 million which missed the analyst consensus estimate of $79.125 million by 1.88 percent. This is a 17.87 percent increase over sales of $65.865 million the same period last year.
- Bloomberg
Keybanc analyst Philip Gibbs maintains Universal Stainless (NASDAQ:USAP) with a Overweight and raises the price target from $26 to $30.
Top Stories for March 28, 2024: 1. Gold Royalty (NYSE:GROY) reported revenue of $5.2 million and a loss of $3.9 million (3 cents per share) from 2,703 gold equivalent ounces (GEO), which was below guidance due to production delays at Canadian Malartic. The net loss per share for Q4 was 13 cents with adjusted earnings of one cent per share, an improvement from the previous year. The company expanded from 18 to 240 royalties, including five in production, with acquisitions like Borborema and Cozamin enhancing growth from key projects like Côté and Odyssey. For 2024, it expects 5,000 to 5,600 GEOs. Assuming gold at $2,000/oz, that translates to $10 million to $11.2 million in reve
Universal Stainless (NASDAQ:USAP) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.32 by 15.62 percent. This is a 165.85 percent increase over losses of $(0.41) per share from the same period last year. The company reported quarterly sales of $79.78 million which beat the analyst consensus estimate of $78.65 million by 1.44 percent. This is a 41.96 percent increase over sales of $56.20 million the same period last year.
Q3 2024 Net Sales are a record $87.3 million; Aerospace sales top $200 million YTDQ3 2024 Net Income increased to record $11.1 million, or $1.11 per diluted shareGross Margin remained strong at 25.2% of sales BRIDGEVILLE, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported record net sales of $87.3 million for the third quarter of 2024, an increase of 5% from the second quarter of 2024, and up 22% from the third quarter of 2023. Year-to-date net sales of $247.6 million were up 20% from the same period in 2023. Third quarter premium alloy sales were a record $23.7 million, or 27.1% of sales, up 14% from the 2024 se
- Conference Call Scheduled at 9:00 AM (ET) TODAY - Universal stockholders to receive $45.00 per share in cash, a 19% premium to three-month volume-weighted average stock price; 10.6x trailing 12-month Adjusted EBITDAUniversal to become part of leader in stainless, specialty steel solutions and recycling, with complementary capabilities and strong financial resourcesUniversal to maintain distinct U.S. identity; team and operations to remain intact BRIDGEVILLE, Pa., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) ("Universal" or the "Company") announced today that it has entered into a definitive agreement to be acquired by Aperam in an all-cash
Q2 2024 Net Sales are record $82.8 millionGross Margin hits new record high of 25.4% of sales in Q2 2024Q2 2024 Net Income more than doubles from Q1 2024 to record $8.9 million, or $0.90 per diluted shareAdjusted EBITDA in Q2 2024 increases to record $18.5 million, or 22% of sales BRIDGEVILLE, Pa., July 31, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported record net sales of $82.8 million for the second quarter of 2024, an increase of 7% from the first quarter of 2024, and up 20% from the second quarter of 2023. Year-to-date net sales of $160.4 million were up 19% from the same period in 2023.
BRIDGEVILLE, Pa., July 17, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the second quarter of 2024 on Wednesday, July 31, 2024. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on July 31st. The call will be webcast simultaneously for all interested parties. Call Dial-In Procedures: Please Click Here to register for the conference call and obtain your dial-in number and personal PIN number in advance of the call. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the w
Q1 2024 Sales of $77.6 million vs. record $79.8 million in Q4 2023; up 18% from Q1 2023Q1 2024 Gross Margin reaches 18.9% of sales, highest since Q1 2012, despite $1.3 million raw material headwindQ1 2024 Net Income up 59% from Q4 2023 to $4.1 million, or $0.43 per diluted share Cash flow from operations totals $10.3 million, up 39% from Q4 2023 Backlog increases to $325 million on strong order entry BRIDGEVILLE, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported net sales of $77.6 million for the first quarter of 2024, which is the second highest total in company history, following its record $79.8 million reported in the 2023 f
BRIDGEVILLE, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024. In conjunction with the earnings release, the Company will host a conference call at 11:00 a.m. (Eastern) on May 1st. The call will be webcast simultaneously for all interested parties. Call Dial-In Procedures: Please Click Here to register for the conference call and obtain your dial-in number and personal PIN number in advance of the call. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the websi
Record Q4 2023 Sales of $79.8 million, up 12% from Q3 2023; Record full year 2023 sales of $285.9 million, up 42% from 2022Record Q4 2023 Premium Alloy sales of $21.1 million, up 28% from Q3 2023; Record full year Premium Alloy sales of $68.1 million, up 74% from 2022Q4 2023 Gross margin improves to 16.4% of sales, highest since Q2 2018, despite $1.6 million raw material headwindQ4 2023 Net Income up 35% from Q3 2023 to $2.6 million, or $0.27 per diluted share Cash flow from operations totals $7.4 million for the quarter; $25.2 million for full year 2023 BRIDGEVILLE, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported financial r
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. Call Dial-In Procedures: Please Click Here to register for the conference call and obtain your dial-in number and personal PIN number in advance of the call. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter arch
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. Today's call is in advance of the Company's report of financial results for the 2023 fourth quarter and full year, which it expects to provide in March 2024. The extension of the Company's reporting schedule accommodates the late start in its annual integrated audit, as the Company's new audit firm was engaged on December 18, 2023. Among the highlights to be discussed on toda
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. The Company will report financial results for the 2023 fourth quarter and full year in March 2024. The extension of the Company's reporting schedule is to accommodate the late start in its annual integrated audit, as the Company's new audit firm was engaged on December 18, 2023. Christopher M. Zimmer, President and Chief Executive Officer, commented: "We look forward to prov