Universal Stainless/Alloy upgraded by KeyBanc Capital Markets with a new price target
$USAP
Steel/Iron Ore
Industrials
KeyBanc Capital Markets upgraded Universal Stainless/Alloy from Sector Weight to Overweight and set a new price target of $16.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/20/2023 | $16.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
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., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. ("Universal" or the "Company") today announced the completion of its previously-announced acquisition by Aperam S.A. (the "Acquisition"), pursuant to which Universal stockholders are entitled to receive $45.00 per share of Universal's common stock in the all-cash transaction. The combination brings together Aperam, a global leader in stainless, specialty steel solutions, and recycling, with Universal, a leading manufacturer of specialty steel products for key aerospace and industrial applications in the U.S. The Acquisition was announced on October 17, 2024 and was approved by Universal stockho
BRIDGEVILLE, Pa., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) ("Universal" or the "Company") today announced that its stockholders have voted at a special meeting of Universal stockholders (the "Special Meeting") to approve the Company's pending acquisition by Aperam S.A. Under the terms of the merger agreement governing the proposed acquisition, Universal stockholders are entitled to receive $45.00 per share in cash for every share of Universal common stock they own immediately prior to the effective time of the merger. At the Special Meeting, approximately 99% of the shares voted (excluding abstentions) were voted in favor of the merger, wh
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
SCHEDULE 13G/A - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Subject)
15-12G - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Filer)
SCHEDULE 13G/A - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Subject)
SC 13G - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Subject)
SC 13G/A - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Subject)
SC 13D - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Subject)
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
KeyBanc Capital Markets upgraded Universal Stainless/Alloy from Sector Weight to Overweight and set a new price target of $16.00
4 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Issuer)
4 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Issuer)
4 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (0000931584) (Issuer)