USAP - Earnings announcements

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

Q3 2023 Sales reach $71.3 million, up 3% from Q2 2023, up 54% year-over-yearPremium Alloy sales of $16.5 million, up 28% from Q2 2023, more than double year-over-yearGross margin improves to 15.2% of sales, highest since Q2 2018Operating income of $4.4 million, up 43% from Q2 2023Net income doubles from Q2 2023 to $1.9 million, or $0.20 per diluted share Q3 2023 EBITDA is $9.2 million; Adjusted EBITDA is $9.5 million, up 20% from Q2 2023Cash flow from operations is $6.7 million for the quarter; $17.8 million year-to-date BRIDGEVILLE, Pa., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported net sales of $71.3 million for the third qua

BRIDGEVILLE, Pa., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the third quarter of 2023 on Wednesday, October 25, 2023. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on October 25th. 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

Q2 2023 Sales of $69.0 million, up 5% from Q1 2023, up 32% year-over-year; highest since Q2 2019Q2 2023 Gross margin improves to $9.8 million, or 14.3% of salesQ2 2023 Operating income more than doubles to $3.1 millionCompany returns to profitability with net income of $0.9 million, or $0.10 per diluted shareQ2 2023 EBITDA is $7.6 million; Adjusted EBITDA is $7.9 million, up 16% from Q1 2023Cash flow from operations is $7.7 million for the quarter; $11.2 million year-to-datePremium alloy sales are $12.9 million, or 18.6% of total sales BRIDGEVILLE, Pa., July 26, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today rep

BRIDGEVILLE, Pa., July 07, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the second quarter of 2023 on Wednesday, July 26, 2023. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on July 26th. 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 archi

Q1 2023 Sales of $65.9 million, up 17% from Q4 2022, highest since Q2 2019Record quarterly Premium Alloy sales of $17.7 million, up 31% sequentially Q1 2023 Gross margin improves to $7.7 million, or 11.7% of sales; Operating income is $1.4 millionNet loss reduced to $0.5 million, or $0.06 per diluted shareQ1 2023 EBITDA is $6.5 million; Adjusted EBITDA is $6.8 million, up 218% from Q4 2022Quarter-end Backlog reaches new record of $366.0 million, up 27% from record Q4 2022; Q1 2023 Bookings hit record high of $117.1 million BRIDGEVILLE, Pa., April 26, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported net sales for the first quarter of 2023 of

BRIDGEVILLE, Pa., April 12, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the first quarter of 2023 on Wednesday, April 26, 2023. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on April 26th. 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. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the website through

Q4 2022 Sales are $56.2 million, up 21.7% from Q3 2022, up 30% from Q4 2021, highest since Q1 2020Record quarterly Premium Alloy sales of $13.5 million up 69% sequentially Q4 2022 Gross margin declines to $2.4 million, or 4.3% of sales, due to negative surcharge/raw material cost misalignment of approximately $2.4 million and negative impact of unplanned equipment outages due in part to extreme weather of approximately $0.7 millionNet loss is $3.7 million, or $0.41 per diluted shareQ4 2022 EBITDA is $1.7 million; Adjusted EBITDA is $2.1 millionQuarter-end Backlog reaches new record of $287.9 million, up 17% from record Q3 2022, and up 114% from Q4 2021 BRIDGEVILLE, Pa., Jan. 25, 2023 (GLO

BRIDGEVILLE, Pa., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported that, based on preliminary results, it expects to report net sales for the fourth quarter of 2022 of $56.2 million, an increase of 22% from the third quarter of 2022, and 30% higher than the fourth quarter of 2021. Sales of premium alloys in the fourth quarter of 2022 are expected to reach a record $13.5 million, or 24% of sales, driven mainly by a 27% sequential increase in sales to the aerospace market. Gross margin in the fourth quarter of 2022 is expected to approximate $2.4 million, or 4.3% of sales, versus $3.0 million, or 6.4% of sales, in the 2022 third q

Q3 2022 Sales are $46.2 million, 11.4% below Q2 2022, and up 24.3% from Q3 2021Premium Alloys are 17.3% of Q3 2022 sales Q3 2022 Gross margin is 6.4% of sales; Net loss is $1.3 million, or $0.14 per diluted share; both include AMJP grant benefit of $0.6 million and negative impacts of $2.0 million (pretax) from previous liquid metal spillQ3 2022 EBITDA is $3.1 million; Adjusted EBITDA is $4.2 millionQuarter-end Backlog reaches new record of $246.3 million, up 11% from record Q2 2022, and up 97% from Q3 2021 Increased borrowing availability with targeted credit agreement amendment BRIDGEVILLE, Pa., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP)

BRIDGEVILLE, Pa., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported that, based on preliminary results, it expects to report net sales for the third quarter of 2022 of $46.2 million, which is 12% lower than the second quarter of 2022, although 24% higher than the third quarter of 2021. Premium alloy sales are expected to represent 17% of total third quarter 2022 sales. Shipment volume in the third quarter was approximately 20% lower sequentially due to three factors: the residual effects of a previously reported liquid metal spill in the second quarter; ongoing labor and supply chain challenges causing intermittent production outages

Quarter-end Backlog reaches new record of $222.7 million, up 10% from record Q1 2022, up 125% from Q2 2021Q2 2022 Sales up 10% sequentially to $52.2 million; Premium alloy sales are 17% of total sales Q2 2022 Gross margin rises to 9.1% of sales. Gross margin is 12.6% of sales excluding AMJP grant benefit and charges incurred from liquid metal spill Q2 2022 Net loss narrows to $1.4 million, or $0.16 per diluted share; includes $0.16 of net expense from the AMJP grant benefit and liquid metal spill Q2 2022 EBITDA increases to $4.3 million; Adjusted EBITDA increases to $6.4 million BRIDGEVILLE, Pa., July 27, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP)

BRIDGEVILLE, Pa., July 20, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the second quarter of 2022 on Wednesday, July 27, 2022. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on July 27th. The call will be webcast simultaneously for all interested parties over the Internet. New Call Dial-In Procedures: Please click here to pre-register for the conference call and obtain your dial-in number and personal PIN number. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on th

Quarter-end Backlog jumps to record $201.8 million, up 50% from Q4 2021 and 248% from Q1 2021Q1 2022 Sales up 10.0% sequentially; Premium alloy sales up 26.9% from Q4 2021 Q1 2022 Gross margin is 8.5% of sales including AMJP grant benefit Q1 2022 Net loss is $1.6 million, or $0.18 per diluted share Q1 2022 EBITDA is $3.8 million; Adjusted EBITDA is $4.2 million BRIDGEVILLE, Pa., April 20, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported that net sales for the first quarter of 2022 were $47.6 million, an increase of 10.0% from $43.2 million in the fourth quarter of 2021, and 28.4% higher than net sales of $37.0 million in the first quarter of

BRIDGEVILLE, Pa., April 11, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the first quarter of 2022 on Wednesday, April 20, 2022. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on April 20th. The call will be webcast simultaneously for all interested parties over the Internet. Those wishing to listen to the live conference call via telephone should dial 706-679-0668, passcode 7965849. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the website through the end of the

Q4 2021 Sales of $43.2 million up 16.3% sequentially and 38% year over year; Premium alloy sales are 16.3% of salesQ4 2021 Gross margin improves to 8.7% of sales, highest reported since Q4 2019, versus 6.2% in Q3 2021 Q4 2021 Net loss is $1.6 million, or $0.18 per diluted share Q4 2021 EBITDA is $4.1 million; Adjusted EBITDA is $4.0 millionQuarter-end Backlog is record $134.5 million, up 7.5% from Q3 2021, 180.5% above year-end 2020Board approves two additional Vacuum-Arc Remelt (VAR) furnaces BRIDGEVILLE, Pa., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported that net sales for the fourth quarter of 2021 were $43.2 million, an incre

BRIDGEVILLE, Pa., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the fourth quarter and full year 2021 on Wednesday, January 26, 2022. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on January 26th. The call will be webcast simultaneously for all interested parties over the Internet. Those wishing to listen to the live conference call via telephone should dial 706-679-0668, passcode 3819539. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the website through

Quarter-end Backlog increases 26.5% to $125.1 million versus $98.9 million at end of Q2 2021 Q3 2021 Sales are $37.2 million; Premium alloy sales are 16.0% of salesQ3 2021 Gross margin improves to 6.2% of sales from 5.6% in Q2 2021Q3 2021 Net income of $7.9 million, or $0.87 per diluted share, includes $10 million gain on PPP loan forgiveness. Net loss is $2.1 million, or $0.23 per diluted share, before PPP gain, versus loss of $2.5 million, or $0.28 per diluted share, in Q2 2021 Q3 2021 EBITDA is $12.1 million including PPP gain; Adjusted EBITDA is $3.8 million BRIDGEVILLE, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today reported

BRIDGEVILLE, Pa., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) announced today that it will report financial results for the third quarter of 2021 on Wednesday, October 20, 2021. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on October 20th. The call will be webcast simultaneously for all interested parties over the Internet. Those wishing to listen to the live conference call via telephone should dial 706-679-0668, passcode 9394716. The simultaneous webcast will be available on the Company's website at www.univstainless.com, and thereafter archived on the website through the end of

Quarter-end Backlog increases 70.6% to $98.9 million versus $58.0 million at end of Q1 2021Q2 2021 Sales rise 4.0% sequentially to $38.5 million; Premium alloy sales are 15.3% of salesQ2 2021 Gross margin is 5.6% of sales, highest level since Q1 2020Q2 2021 Net loss reduced to $2.5 million, or $0.28 per diluted share; Net loss is $1.0 million, or $0.11 per diluted share, excluding $2.1 million (pre-tax) of fixed cost absorption chargesQ2 2021 EBITDA is $1.8 million; Adjusted EBITDA is $4.1 million$10 million PPP term note forgiven in July 2021, to be recorded in Q3 2021 BRIDGEVILLE, Pa., July 21, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) today repor