Universal Stainless & Alloy (USAP) Tops Q2 EPS by 14c

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Universal Stainless Reports Improved Second Quarter 2021 Results

July 21, 2021 6:45 AM EDT

Quarter-end Backlog increases 70.6% to $98.9 million versus $58.0 million at end of Q1 2021Q2 2021 Sales rise 4.0% sequentially to $38.5 million; Premium alloy sales are 15.3% of salesQ2 2021 Gross margin is 5.6% of sales, highest level since Q1 2020Q2 2021 Net loss reduced to $2.5 million, or $0.28 per diluted share; Net loss is $1.0 million, or $0.11 per diluted share, excluding $2.1 million (pre-tax) of fixed cost absorption chargesQ2 2021 EBITDA is $1.8 million; Adjusted EBITDA is $4.1 million$10 million PPP term note forgiven in July 2021, to be recorded in Q3... More