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Universal Stainless & Alloy Products, Inc. - USAP STOCK NEWS

Welcome to our dedicated news page for Universal Stainless & Alloy Products (Ticker: USAP), a resource for investors and traders seeking the latest updates and insights on Universal Stainless & Alloy Products.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Universal Stainless & Alloy Products's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Universal Stainless & Alloy Products's position in the market.

Rhea-AI Summary
Universal Stainless & Alloy Products announces 5-10% price increase on premium products.
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End-of-Day
-2.48%
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Rhea-AI Summary
Universal Stainless & Alloy Products, Inc. to report Q3 2023 financial results on October 25th.
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0.09%
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conferences earnings
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Rhea-AI Summary
Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) reaches new five-year collective bargaining agreement with hourly employees at Bridgeville facility.
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End-of-Day
-0.29%
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Rhea-AI Summary
Universal Stainless & Alloy Products, Inc. executives to present at Jefferies Industrials Conference on Sep 7.
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Rhea-AI Sentiment
End-of-Day
-2.1%
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conferences
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-1.81%
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Rhea-AI Summary
Universal Stainless & Alloy Products, Inc. (USAP) announced a 5% to 10% base price increase on bar products due to supply chain cost pressures. The increase is effective immediately, with current material and energy surcharges remaining in effect. Brian Kane, VP Sales & Marketing, stated the adjustment is necessary to mitigate cost burden and invest in equipment and technologies for global competitiveness.
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Rhea-AI Sentiment
End-of-Day
-2.2%
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Rhea-AI Summary
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-1.19%
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Rhea-AI Summary
Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) reported Q2 2023 sales of $69.0 million, up 5% from Q1 2023 and up 32% YoY. Gross margin improved to $9.8 million, or 14.3% of sales. Operating income more than doubled to $3.1 million. Net income was $0.9 million, or $0.10 per diluted share. Q2 2023 EBITDA is $7.6 million; Adjusted EBITDA is $7.9 million, up 16% from Q1 2023. Cash flow from operations is $7.7 million for the quarter; $11.2 million year-to-date. Premium alloy sales are $12.9 million, or 18.6% of total sales.
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-1.19%
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2.46%
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conferences earnings
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Rhea-AI Sentiment
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-1.81%
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Universal Stainless & Alloy Products, Inc.

Nasdaq:USAP

USAP Rankings

USAP Stock Data

226.08M
8.49M
6.02%
63.11%
0.62%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Bridgeville

About USAP

universal stainless & alloy products, inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the united states and internationally. its products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. the company offers semi-finished and finished long products in the form of ingots, blooms, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (oems), which are cold rolled from purchased coiled strip, flat bar, or extruded bar. its semi-finished long products are primarily used to produce finished bars and rods; and finished bar products that are principally used by oems and by service center customers for distribution to various end users. the company also offers conversion services on materials supplied by its customers. its products are also used in aerospace, power generation, oil and gas, heavy equipment, gen