Universal Stainless & Alloy (USAP) Misses Q2 EPS by 4c
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Universal Stainless Reports Improved Second Quarter 2022 Results
July 27, 2022 6:45 AM EDTQuarter-end Backlog reaches new record of $222.7 million, up 10% from record Q1 2022, up 125% from Q2 2021Q2 2022 Sales up 10% sequentially to $52.2 million; Premium alloy sales are 17% of total sales Q2 2022 Gross margin rises to 9.1% of sales. Gross margin is 12.6% of sales excluding AMJP grant benefit and charges incurred from liquid metal spill Q2 2022 Net loss narrows to $1.4 million, or $0.16 per diluted share; includes $0.16 of net expense from the AMJP grant benefit and liquid metal spill Q2 2022 EBITDA increases to $4.3 million; Adjusted EBITDA... More
