Universal Stainless & Alloy (USAP) Misses Q4 EPS by 2c

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Universal Stainless Reports Fourth Quarter and Full Year 2015 Results

January 27, 2016 6:45 AM EST

Fourth Quarter Net Sales Are $31.7 Million; Premium Alloy Sales Increase 9.6%Fourth Quarter Net Loss Totals $0.48 per Diluted Share, including $0.22 of Charges in Response to Industry Downturn; Net Loss is $0.26 per Diluted Share Excluding ChargesQuarter-End Backlog is $38.2 MillionTotal Debt Reduced by $5.5 Million in the Quarter; $15.6 Million Reduction in the Second Half

BRIDGEVILLE, Pa., Jan. 27, 2016 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported that net sales for the fourth quarter of 2015 were $31.7 million,... More