USAP - Universal Stainless & Alloy Products GAAP EPS of -$0.16 misses by $0.05 revenue of $52.16M
- Universal Stainless & Alloy Products press release ( NASDAQ: USAP ): Q2 GAAP EPS of -$0.16 misses by $0.05 .
- Revenue of $52.16M (+35.5% Y/Y).
- Quarter-end Backlog reaches new record of $222.7 million, up 10% from record Q1 2022, up 125% from Q2 2021.
- 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 EBITDA increases to $4.3 million; Adjusted EBITDA increases to $6.4 million.
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Universal Stainless & Alloy Products GAAP EPS of -$0.16 misses by $0.05, revenue of $52.16M