USAP - Universal Stainless & Alloy Products GAAP EPS of $0.10 revenue of $69M beats by $0.54M

2023-07-26 06:54:46 ET

• Universal Stainless & Alloy Products press release ( NASDAQ: USAP ): Q2 GAAP EPS of $0.10.
• Revenue of $69M (+32.3% Y/Y) beats by $0.54M .
• Q2 2023 Gross margin improves to $9.8 million, or 14.3% of sales
• Q2 2023 Operating income more than doubles to $3.1 million
• Q2 2023 EBITDA is $7.6 million; Adjusted EBITDA is $7.9 million, up 16% from Q1 2023
• Cash flow from operations is $7.7 million for the quarter; $11.2 million year-to-date
• Premium alloy sales are $12.9 million, or 18.6% of total sales

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