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) announced the adoption of a Tax Benefits Preservation Plan to protect its net operating loss carryforwards (NOLs) and tax credits. As of December 31, 2019, the company had federal NOLs of approximately $8.6 million and tax credit carryforwards of about $5.2 million. The Plan aims to limit the risks of ownership changes that could impair these tax benefits' value. A dividend of preferred share purchase rights was declared for each common share, and these rights will expire in three years unless terminated early.
Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) will present at the Jefferies 2020 Virtual Industrials Conference on August 6, 2020, from 1:15 to 1:45 p.m. (Eastern). Presenters include Chairman and CEO Dennis M. Oates and CFO Christopher T. Scanlon. A slide presentation will be available on their investor relations website. A live webcast can be accessed at this link, with a replay available for 90 days post-event. The company specializes in manufacturing specialty steels for various industries.
Universal Stainless & Alloy Products (USAP) reported Q2 2020 sales of $52.5 million, down 10.3% from Q1 and 26.1% year-over-year. Premium alloy sales surged 62.3% sequentially, reaching $12.4 million. The net loss was $3.3 million, or $0.38 per diluted share. EBITDA was $1.4 million, a decrease from $4.0 million in Q1 2020. Backlog declined to $71.8 million from $110.7 million in Q1 due to weak end-market demand, particularly in aerospace and oil & gas. The pandemic's effects continue to impact operations, with the company adapting its cost structure to align with lower activity levels.