Welcome to our dedicated page for Universal Stainless & Alloy Pr news (Ticker: USAP), a resource for investors and traders seeking the latest updates and insights on Universal Stainless & Alloy Pr stock.
This page provides a historical news archive for Universal Stainless & Alloy Products, Inc. (formerly NASDAQ: USAP), a manufacturer and marketer of semi-finished and finished specialty steels. Company releases describe Universal Stainless as producing stainless steel, nickel alloys, tool steel and certain other alloyed steels for use in aerospace, energy and heavy equipment manufacturing, with aerospace identified as the largest market for its premium alloy products.
The news flow for USAP covers several recurring themes. Earnings releases discuss net sales, gross margin, operating income, net income and non-GAAP measures such as EBITDA and adjusted EBITDA, along with commentary on product mix between specialty alloys and premium alloys. These updates also describe demand trends in aerospace, energy and heavy equipment, and provide detail on sales by market segment, including service centers, original equipment manufacturers, rerollers, forgers and conversion services.
Corporate developments are another key element of USAP news. In October 2024, Universal Stainless announced that it had entered into a definitive agreement to be acquired by Aperam in an all-cash transaction. In January 2025, the company reported the completion of this acquisition, stating that Universal had become a wholly owned subsidiary of Aperam and that USAP shares had ceased trading on the NASDAQ Stock Market. Earlier news items also include announcements about index inclusion in the Russell 2000 and 3000 Indexes and updates on collective bargaining agreements at the company’s North Jackson facility.
Investors and researchers can use this news archive to review Universal Stainless’s historical financial performance, its exposure to aerospace and industrial markets, and the sequence of events leading to its acquisition by Aperam. Because USAP is now a defunct ticker following the completed transaction, the articles on this page serve as a record of the company’s activities during its time as an independent public issuer.
Universal Stainless & Alloy Products (Nasdaq: USAP) has announced a base price increase of 3% to 10% on all products due to recent inflationary pressures. This adjustment is effective immediately for new orders, while existing material and energy surcharges will remain unchanged. Executive VP Chris Zimmer emphasized the necessity of this increase to manage escalating costs and to maintain high standards of customer service and production quality.
Universal Stainless & Alloy Products (Nasdaq: USAP) reported Q3 2021 sales of $37.2 million, a 3.5% decrease from Q2 2021. However, backlog increased significantly by 26.5% to $125.1 million, the highest since Q1 2019, boosted by $58 million in new orders. Gross margin improved to 6.2%, while net income reached $7.9 million, or $0.87 per diluted share, mainly due to a $10 million PPP loan forgiveness. Adjusted EBITDA stood at $3.8 million. Aerospace sales rose by 4.4%, constituting 60% of total sales. Inventory increased to $135.6 million, reflecting higher raw material costs.
Universal Stainless & Alloy Products (Nasdaq: USAP) will report its Q3 2021 financial results on October 20, 2021, with a conference call at 10:00 a.m. Eastern. Interested parties can listen via telephone at 706-679-0668 (passcode 9394716) or via webcast on www.univstainless.com.
Established in 1994, the company specializes in manufacturing specialty steels used in various industries, including aerospace and power generation. The archived webcast will be available until the end of Q4 2021.
Universal Stainless & Alloy Products (Nasdaq: USAP) has announced a price increase of 3% to 10% on all long products, effective immediately for new orders. This decision is attributed to significant inflationary cost increases affecting all business areas, necessitating an adjustment in pricing to manage the financial burden. Current material and energy surcharges will remain unchanged. The company emphasizes its commitment to maintaining high customer service and production quality despite these changes.
Universal Stainless & Alloy Products, Inc. (NASDAQ: USAP) will present at the Jefferies 2021 Virtual Industrials Conference on August 3, 2021, from 10:30 to 10:55 a.m. (Eastern). CEO Dennis M. Oates will lead the presentation. The slide deck will be available on the company's investor relations website, and the event will be webcast live. A replay will be accessible for 30 days post-event. Universal Stainless specializes in producing specialty steels, serving industries like aerospace and power generation.
Universal Stainless & Alloy Products (NASDAQ: USAP) reported Q2 2021 net sales of $38.5 million, up 4.0% from Q1 2021, but down 26.6% from Q2 2020. The backlog soared 70.6% to $98.9 million, reflecting strong demand recovery in multiple sectors. The gross margin improved to 5.6%, the highest since Q1 2020, and net loss decreased to $2.5 million. Adjusted EBITDA reached $4.1 million. The company also announced full forgiveness of a $10 million PPP term note, enhancing liquidity. Despite challenges in the aerospace sector, overall growth momentum is expected to continue.
Universal Stainless & Alloy Products (Nasdaq: USAP) announced a price increase of 3% to 10% on all long products, effective immediately for new orders. Current material and energy surcharges will stay in effect. Executive Vice President Chris Zimmer stated that this adjustment is necessary due to the inflationary environment to support operations and ongoing investments in facilities. Universal Stainless, founded in 1994, specializes in manufacturing specialty steels for various industries including aerospace and power generation.
Universal Stainless & Alloy Products (Nasdaq: USAP) will release its financial results for Q2 2021 on July 21, 2021. A conference call will take place at 10:00 a.m. Eastern, also on July 21, which will be available via telephone and live webcast. Interested participants can dial 706-679-0668 to join the call. The webcast will be accessible on the Company's website and archived until the end of Q3 2021. Established in 1994, Universal Stainless manufactures specialty steels used across various industries, including aerospace and oil & gas.
Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced a price increase of 3% to 10% on all bar products, effective June 21, 2021. This adjustment addresses the current inflationary environment while maintaining existing material and energy surcharges. Chris Zimmer, Executive Vice President and Chief Commercial Officer, emphasized the need for this increase to support operations and reinvestments aimed at enhancing service quality for customers.
Universal Stainless & Alloy Products (USAP) reported Q1 2021 net sales of $37.0 million, an 18.2% increase from Q4 2020 but down 36.7% year-over-year. Premium alloy sales rose 26.6% sequentially, driven by aerospace demand. The company recorded a net loss of $4.5 million, or $0.51 per diluted share. Adjusted EBITDA was $2.1 million. Backlog increased by 21% to $58.0 million. The company has undertaken strategic capital investments aimed at enhancing production capabilities, specifically in premium alloy production.