USAP News and Press, Universal Stainless & Alloy Products Inc. From 02/18/22

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BRIDGEVILLE, Pa., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that Dennis M. Oates, Chairman, President and Chief Executive Officer, will present at the Cowen and Company 43 rd Annual Aerospace/Defense & Industr...

Q4 2021 Sales of $43.2 million up 16.3% sequentially and 38% year over year; Premium alloy sales are 16.3% of sales Q4 2021 Gross margin improves to 8.7% of sales, highest reported since Q4 2019, versus 6.2% in Q3 2021 Q4 2021 Net loss is $1.6 million, or $0.18 per dilut...

BRIDGEVILLE, Pa., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the fourth quarter and full year 2021 on Wednesday, January 26, 2022. In conjunction with the earnings release, the...

BRIDGEVILLE, Pa., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today announced a base price increase of 3% to 10% on all products. The increase goes into effect immediately for all new orders. Current material and energy surcharges will...

Universal Stainless & Alloy Products, Inc. (USAP) Q3 2021 Earnings Conference Call October 20, 2021, 10:00 ET Company Participants Dennis Oates - Chairman, President, CEO, Interim Principal Financial & Accounting Officer Conference Call Participants Michael Hughes - SGF Capital Manage...

Quarter-end Backlog increases 26.5% to $125.1 million versus $98.9 million at end of Q2 2021 Q3 2021 Sales are $37.2 million; Premium alloy sales are 16.0% of sales Q3 2021 Gross margin improves to 6.2% of sales from 5.6% in Q2 2021 Q3 2021 Net income of $7.9 mil...

USAP is positioned to benefit from an aerospace recovery and supply chain restocking cycle, which should produce significant cash flow leverage over the next several years. The equity is trading only modestly above the liquidation value of its inventory, and at a substantial discount ...

BRIDGEVILLE, Pa., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the third quarter of 2021 on Wednesday, October 20, 2021. In conjunction with the earnings release, the Company wil...

Universal's business appears to have bottomed, with the company returning to positive gross margin and posting a second consecutive quarter of sequential revenue and backlog growth. Aerospace is still well off pre-pandemic norms, but flight hours are improving, destocking seems to lar...