CRS - Fire-Related Outages Sap Momentum At Universal Stainless & Alloy Products
Trying to play the up-cycle in aerospace through the specialty alloy companies has been tricky, and in the case of Universal Stainless & Alloy Products (USAP) that’s been complicated further by a fire-related production outage that made a noticeable impact on third quarter production and financial results. On top of that, the company continues to be challenged by surcharge mismatches and challenging end-market conditions in multiple key markets.
USAP shares have clearly been weak since my last update, with at least some of that weakness tied to nervousness about whether the 737