Universal Stainless Reports Record Sales; Full Year 2023 Net Income Highest Since 2018 [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
Record Q4 2023 Premium Alloy sales of $21.1 million, up 28% from Q3 2023; Record full year Premium Alloy sales of $68.1 million, up 74% from 2022 Q4 2023 Gross margin improves to 16.4% of sales, highest since Q2 2018, despite $1.6 million raw material headwind Q4 2023 Net Income up 35% from Q3 2023 to $2.6 million, or $0.27 per diluted share Cash flow from operations totals $7.4 million for the quarter; $25.2 million for full year 2023 BRIDGEVILLE, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported financial results for the fourth quarter and the full year of 2023. Net sales were up 12% to a record $79.8 million in the 2023 fourth quarter compared with the third quarter of 2023. Full year 2023 net sales increased 42%, to a record $285.9 million from $202.1 million in 2022. Sales of premium alloys increased 28% to a record $21.1 million, or 26.5% of sales, in the fourth quarter of 2023, versus $16.5 million, or 23
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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) Rallies 39% in 3 Months: Here's Why [Yahoo! Finance]Yahoo! Finance
- Universal Stainless (USAP) Hits 52-Week High: What's Driving It? [Yahoo! Finance]Yahoo! Finance
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