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Stock impact report

Universal Stainless Reports Record Sales and Net Income in Third Quarter of 2024

Universal Stainless & Alloy Products, Inc. (USAP) 
Last universal stainless & alloy products, inc. earnings: 4/22 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: univstainless.com
Company Research Source: GlobeNewswire
Q3 2024 Net Sales are a record $87.3 million; Aerospace sales top $200 million YTDQ3 2024 Net Income increased to record $11.1 million, or $1.11 per diluted shareGross Margin remained strong at 25.2% of sales BRIDGEVILLE, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today reported record net sales of $87.3 million for the third quarter of 2024, an increase of 5% from the second quarter of 2024, and up 22% from the third quarter of 2023. Year-to-date net sales of $247.6 million were up 20% from the same period in 2023. Third quarter premium alloy sales were a record $23.7 million, or 27.1% of sales, up 14% from the 2024 second quarter and up 44% from the third quarter of 2023. Year-to-date premium alloy sales increased 37% to $64.5 million, or 26.0% of sales. Aerospace is the Company's largest market for premium alloy products. Third quarter aerospace sales reached a record $71.4 million, or 81.8% of sales Show less Read more
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