Universal Stainless & Alloy (USAP) Misses Q1 EPS by 5c
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Universal Stainless Reports First Quarter 2022 Results
April 20, 2022 6:45 AM EDTQuarter-end Backlog jumps to record $201.8 million, up 50% from Q4 2021 and 248% from Q1 2021Q1 2022 Sales up 10.0% sequentially; Premium alloy sales up 26.9% from Q4 2021 Q1 2022 Gross margin is 8.5% of sales including AMJP grant benefit Q1 2022 Net loss is $1.6 million, or $0.18 per diluted share Q1 2022 EBITDA is $3.8 million; Adjusted EBITDA is $4.2 million
BRIDGEVILLE, Pa., April 20, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported that net sales for the first quarter of... More
