Universal Stainless & Alloy (USAP) Misses Q3 EPS by 22c, Miss on Revenues

Universal Stainless & Alloy (NASDAQ: USAP) reported Q3 EPS of ($0.04), $0.22 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $50.9 million versus the consensus estimate of $52.33 million.

• Q3 Sales of $50.9 Million, Up 28.3% vs. Q3 2016
• Q3 Net Loss of $0.3 million, or $0.04 per diluted share, includes unusual charges of $0.03 per diluted share for facility fires, and $0.03 per diluted share of discrete tax expense items
• Q3 Income, before above items, is $0.02 per diluted share
• EBITDA in Q3 of $5.6 Million, Up 19.1% from Q3 2016
• Quarter-End Backlog of $66.2 Million, Up 4.3% sequentially, and Up 68.1% vs. Q3 2016

For earnings history and earnings-related data on Universal Stainless & Alloy (USAP) click here.

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