Universal Stainless & Alloy (USAP) Tops Q3 EPS by 1c
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Universal Stainless Reports Strong Third Quarter 2023 Results
October 25, 2023 6:45 AM EDTQ3 2023 Sales reach $71.3 million, up 3% from Q2 2023, up 54% year-over-yearPremium Alloy sales of $16.5 million, up 28% from Q2 2023, more than double year-over-yearGross margin improves to 15.2% of sales, highest since Q2 2018Operating income of $4.4 million, up 43% from Q2 2023Net income doubles from Q2 2023 to $1.9 million, or $0.20 per diluted share Q3 2023 EBITDA is $9.2 million; Adjusted EBITDA is $9.5 million, up 20% from Q2 2023Cash flow from operations is $6.7 million for the quarter; $17.8 million year-to-date
BRIDGEVILLE, Pa., Oct. 25,... More
