Universal Stainless & Alloy (USAP) Misses Q3 EPS by 8c
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Universal Stainless Reports Third Quarter 2020 Results
October 21, 2020 6:45 AM EDTQ3 2020 Sales total $37.4 million; Premium alloy sales up 13.9% from Q3 2019Q3 2020 Net Loss of $7.0 million, or $0.79 per diluted share; Net loss of $3.9 million, or $0.44 per diluted share, excluding $4.3 million (pre-tax) of fixed cost absorption charges and $0.3 million (pre-tax) gain on insurance proceedsEBITDA is a loss of $3.6 million in Q3 2020; Adjusted EBITDA totals $0.6 million Quarter-end Backlog of $54.8 million versus $71.8 million at end of Q2 2020Managed... More
