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Stock impact report

Universal Stainless (USAP) Shares Scale 52-Week High: Here's Why [Yahoo! Finance]

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: Yahoo! Finance
In the past year, the stock has surged 188% compared with the industry's 19.5% rise in the same period. Image Source: Zacks Investment Research What's Driving Universal Stainless? In first-quarter 2024, USAP exhibited robust performance, marking a notable turnaround from the prior year's figures. The company reported earnings of 43 cents per share, an improvement from a loss of 6 cents per share a year ago. This showcases its resilient strategy and strategic advancements. USAP achieved remarkable sales growth, reaching $77.6 million and increasing 18% from the prior-year quarter's tally. The upside was primarily driven by outstanding performances in the specialty alloys and premium alloys segments, which registered impressive year-over-year increases of 18% and 14%, respectively. The aerospace sector, in particular, was notable, with sales surging approximately 23% to $60.2 million. This underscores USAP's strong position in this critical market segment. USAP's strategic fo Show less Read more
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