Universal Stainless Reports Improved First Quarter 2021 Results
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Universal Stainless & Alloy (USAP) Tops Q1 EPS by 13c, Revenues Beat
April 21, 2021 6:49 AM EDTUniversal Stainless & Alloy (NASDAQ: USAP) reported Q1 EPS of ($0.51), $0.13 better than the analyst estimate of ($0.64). Revenue for the quarter came in at $37 million versus the consensus estimate of $33.89 million.
Q1 2021 Sales rise 18.2% sequentially to $37.0 million; Premium alloy sales up 26.6% from Q4 2020Q1 2021 Net Loss is $4.5 million, or $0.51 per diluted share; Net loss is $2.6 million, or $0.29 per diluted share, excluding $2.6 million (pre-tax) of fixed cost absorption chargesQ1 2021 Adjusted EBITDA is $2.1 million; EBITDA is a loss of $0.7 millionQuarter-end Backlog increases 21.0% to $58.0... More