Universal Stainless Reports Near-Record Sales and Profitability in First Quarter of 2024
Universal Stainless & Alloy Products, Inc. (USAP)
Last universal stainless & alloy products, inc. earnings: 4/22 06:45 am
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univstainless.com
Company Research
Source: GlobeNewswire
Q1 2024 Sales of $77.6 million vs. record $79.8 million in Q4 2023; up 18% from Q1 2023Q1 2024 Gross Margin reaches 18.9% of sales, highest since Q1 2012, despite $1.3 million raw material headwindQ1 2024 Net Income up 59% from Q4 2023 to $4.1 million, or $0.43 per diluted share Cash flow from operations totals $10.3 million, up 39% from Q4 2023 Backlog increases to $325 million on strong order entry BRIDGEVILLE, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported net sales of $77.6 million for the first quarter of 2024, which is the second highest total in company history, following its record $79.8 million reported in the 2023 fourth quarter, and 18% higher than the first quarter 2023 total of $65.9 million. Sales of premium alloys totaled $20.1 million, or 25.9% of net sales, in the 2024 first quarter, compared to a record $21.1 million, or 26.5% of sales, in the fourth quarter of 2023, and $17.7 million, or 26.8% of s
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News
- Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Universal Stainless Reports Near-Record Sales and Profitability in First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- 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
USAP
Earnings
- 3/28/24 - In-Line
USAP
Sec Filings
- 5/14/24 - Form 8-K
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- USAP's page on the SEC website