Universal Stainless & Alloy (USAP) Tops Q4 EPS by 10c, Revenues Miss

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Universal Stainless Reports Fourth Quarter 2020 Results

January 27, 2021 6:45 AM EST

Total debt reduced by $10.4 million and managed working capital declined by $19.2 million from Q3 2020 Q4 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 $0.7 million (pre-tax) gain on insurance proceedsEBITDA is a loss of $3.9 million in Q4 2020; Adjusted EBITDA is a loss of $0.2 million Quarter-end Backlog of $48.0 million versus $54.8 million at... More