Universal Stainless Reports Second Quarter 2020 Results
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Universal Stainless & Alloy (USAP) Tops Q2 EPS by 1c, Revenues Beat
July 29, 2020 6:46 AM EDTUniversal Stainless & Alloy (NASDAQ: USAP) reported Q2 EPS of ($0.27), $0.01 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $52.5 million versus the consensus estimate of $47.89 million.
Q2 2020 Sales total $52.5 million; Premium alloy sales rise 62.3% sequentiallyQ2 2020 Net Loss of $3.3 million, or $0.38 per diluted share; Net loss of $2.4 million, or $0.27 per diluted share, excluding charges in response to the COVID-19 pandemicEBITDA totals $1.4 million in Q2 2020Quarter-end Backlog of $71.8 million versus $110.7 million at end of Q1 2020Q2... More