Universal Stainless Reports Fourth Quarter 2020 Results
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Universal Stainless & Alloy (USAP) Tops Q4 EPS by 10c, Revenues Miss
January 27, 2021 6:49 AM ESTUniversal Stainless & Alloy (NASDAQ: USAP) reported Q4 EPS of ($0.52), $0.10 better than the analyst estimate of ($0.62). Revenue for the quarter came in at $31.3 million versus the consensus estimate of $35.51 million.
Total debt reduced by $10.4 million and managed working capital declined by $19.2 million from Q3 2020Q4 2020 Sales total $31.3 million; Premium alloy sales represent 19.1% of total Q4 salesQ4 2020 Net Loss of $7.3 million, or $0.83 per diluted share; Net loss is $4.6 million, or $0.52 per diluted share, excluding $3.8 million (pre-tax) of fixed cost absorption charges, a $0.3 million (pre-tax) loss on the sale of excess scrap and... More