Universal Stainless (USAP) Rallies 39% in 3 Months: Here's Why [Yahoo! Finance]
Universal Stainless & Alloy Products, Inc. (USAP)
Last universal stainless & alloy products, inc. earnings: 4/22 06:45 am
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univstainless.com
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Source: Yahoo! Finance
It has also topped the S&P 500's nearly 9% rise over the same period. Image Source: Zacks Investment Research Let's take a look at the factors behind the stock's price appreciation. What's Driving Universal Stainless? In the fourth quarter of 2023, USAP exhibited robust performance, marking a notable turnaround from the prior-year quarter's figure. With earnings of 27 cents per share against a loss of 41 cents a year ago, the company showcased significant progress — a testament to its resilient strategy and strategic advancements. USAP racked up remarkable sales growth, reaching a record $79.8 million, up 42% from the prior-year quarter's levels. The upside was primarily driven by outstanding performances in the specialty alloys and premium alloys segments, which saw impressive year-over-year surges of 37% and 56%, respectively. Particularly notable was the aerospace sector, where sales surged approximately 55% to a record $61.9 million, underscoring USAP's strong position i
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USAP
News
- Universal Stainless to Webcast First Quarter 2024 Results Conference Call on May 1stGlobeNewswire
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Universal Stainless: It Was Profitable In 2023 Due To High Prices, But This Is Not Sustainable [Seeking Alpha]Seeking Alpha
- Universal Stainless (USAP) Hits 52-Week High: What's Driving It? [Yahoo! Finance]Yahoo! Finance
- SA, DNMR and TSE are among pre market gainers [Seeking Alpha]Seeking Alpha
USAP
Earnings
- 3/28/24 - In-Line
USAP
Sec Filings
- 4/10/24 - Form DEF
- 4/10/24 - Form ARS
- 3/29/24 - Form 10-K
- USAP's page on the SEC website