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Last $18.13 USD
Change Today -0.12 / -0.66%
Volume 37.6K
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

universal stainless & alloy (USAP) Snapshot

Open
$18.30
Previous Close
$18.25
Day High
$18.92
Day Low
$17.76
52 Week High
07/1/14 - $34.22
52 Week Low
05/22/15 - $17.76
Market Cap
128.6M
Average Volume 10 Days
26.4K
EPS TTM
$0.66
Shares Outstanding
7.1M
EX-Date
--
P/E TM
27.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNIVERSAL STAINLESS & ALLOY (USAP)

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universal stainless & alloy (USAP) Details

Universal Stainless & Alloy Products Inc. manufactures and markets semifinished and finished specialty steel products, including stainless steel, tool steel, and other alloyed steels in the U.S. The company offers specialty steel products in the form of long products, such as ingots, blooms, billets, and bars; and flat-rolled products comprising slabs and plates. Universal Stainless sells to rerollers, forgers, service centers, original equipment manufacturers, which primarily include the power generation and aerospace industries, and wire redrawers. It also provides conversion services on materials supplied by its customers, as well as produces customized shapes primarily for original equipment manufacturers. Founded in 1994, the company is based in Bridgeville, Pa.

714 Employees
Last Reported Date: 02/24/15
Founded in 1994

universal stainless & alloy (USAP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $769.6K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $372.5K
Vice President of Administration, General Cou...
Total Annual Compensation: $332.1K
Compensation as of Fiscal Year 2014.

universal stainless & alloy (USAP) Key Developments

Larry J. Pollock Joins Universal Stainless as Executive Vice President and Chief Manufacturing Officer

Universal Stainless & Alloy Products Inc. announced that Larry J. Pollock has been named Executive Vice President, Chief Manufacturing Officer of the company. In this newly created position, Mr. Pollock will be responsible for manufacturing operations and engineering at all Universal Stainless facilities, which include Bridgeville, PA; Titusville, PA; Dunkirk, NY; and North Jackson, OH. Mr. Pollock will report directly to Dennis M. Oates, Universal's Chairman, President and CEO. Mr. Pollock joins Universal Stainless from The Timken Company, where he served as General Manager from 2010 through 2014 and most recently as Director of Tube Manufacturing for TimkenSteel.

Universal Stainless & Alloy Products Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Universal Stainless & Alloy Products Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s total net sales for the first quarter of 2015 were $55.983 million, an increase of 20% from $46.667 million for the first quarter of 2014 and 6% higher than the fourth quarter of 2014. Sales of premium alloys also increased, rising 87% from the first quarter of 2014 and 42% sequentially, and reached a record $5.0 million, or 9% of net sales. Net sales increased in the company’s entire targeted end markets compared with the first quarter of 2014, with aerospace sales up 26%, power generation sales up 35%, oil & gas sales up 44%, and heavy equipment sales up 1%. Compared with the fourth quarter of 2014, aerospace sales were up 5%, power generation sales were up 26%, oil & gas sales were up 30%, while heavy equipment sales were 31% lower sequentially. Operating income was $1.016 million for the first quarter of 2015, compared with $1.432 million for the first quarter of 2014, and $3.1 million for the fourth quarter of 2014. Income before income taxes was $0.190 million against $0.573 million a year ago. Net income for the first quarter of 2015 was $0.125 million, or $0.02 per basic and diluted share. In the first quarter of 2014, the company recorded a net loss of $0.499 million, or $0.07 per basic and diluted share. Net income for the fourth quarter of 2014 was $1.7 million, or $0.24 per diluted share. For the first quarter of 2015, the company’s net cash used in operating activities was $2.080 million against net cash provided by operating activities of $2.199 million a year ago. Capital expenditures were $2.982 million against $1.322 million a year ago.

Universal Stainless & Alloy Products Inc. Provides Earnings Guidance for the First Quarter of 2015

Universal Stainless & Alloy Products Inc. announced that based on preliminary results, it expects net sales for the first quarter of 2015 to approximate $56 million, representing a 20% increase from the first quarter of 2014 and up 6% sequentially. Despite this strong top-line performance, the company's gross margin and operating income were negatively impacted by a misalignment of surcharges and raw material costs due to a further decline in nickel and other commodities including a sudden drop in the price of iron scrap. As a result, the company expects to report net income for the first quarter of 2015 of approximately $0.01 to $0.02 per diluted share. Despite this progress, the substantial drop in commodity prices and resulting misalignment of surcharges took a sharp toll on its gross margin, which is expected to approximate 10% of net sales.

 

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Industry Analysis

USAP

Industry Average

Valuation USAP Industry Range
Price/Earnings 27.7x
Price/Sales 0.6x
Price/Book 0.6x
Price/Cash Flow 24.1x
TEV/Sales 0.2x
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