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.

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.

Universal Stainless to Webcast First Quarter 2024 Results Conference Call on May 1st

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

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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

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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

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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

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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)