|Bid||21.22 x 1100|
|Ask||23.55 x 800|
|Day's Range||22.42 - 23.64|
|52 Week Range||18.53 - 30.93|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.48|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.50|
Universal Stainless & Alloy Products has been struggling lately, but the selling pressure may be coming to an end soon.
BRIDGEVILLE, Pa., Oct. 12, 2018 -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the third quarter of.
The Zacks Analyst Blog Highlights: Universal Stainless & Alloy Products, AK Steel Holding and Nucor
The new five-year collective bargaining agreement has been ratified by the bargaining unit and will be effective retro-actively to September 1, 2018 when the prior labor agreement was scheduled to expire. Universal Stainless & Alloy Products, Inc., established in 1994 and headquartered in Bridgeville, PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing.
Universal Stainless & Alloy Products, Inc. (USAP) announced today that Dennis M. Oates, Chairman, President and Chief Executive Officer, was named the Stainless Steel Executive of the Year 2018 at the 17th Annual Stainless & Special Steel Conference in Helsinki, Finland, which ran from September 18-20. Mr. Oates has worked in the stainless and specialty steel industry for over 40 years holding senior leadership roles at such companies as Lukens Steel, Connell Limited Partnership, TW Metals, Carpenter Technology and now Universal Stainless. Mr. Oates is the 12th recipient of the award, which recognizes industry professionals that have made significant contributions to the growth and prosperity of the stainless and specialty steel industry.
While the steel industry faces risks from escalating trade tensions, it is gaining from favorable demand and pricing fundamentals.
Universal Stainless & Alloy Products, Inc. (USAP) announced today that Dennis M. Oates, Chairman, President and Chief Executive Officer, and Christopher T. Scanlon, VP Finance, Chief Financial Officer and Treasurer, will speak at the CL King 16th Annual Best Ideas Conference in New York City on Thursday, September 13th, from 8:45 to 9:20 AM (Eastern). The Company will post the slide presentation for this conference in the investor relations section of its website at www.univstainless.com. CL King will host a live webcast of the Company’s presentation, which can be accessed at http://wsw.com/webcast/clk18/usap/ and in the investor relations section of the Universal Stainless website. A replay of the event will be available on the Company’s web site approximately three hours after the live event and accessible for ninety days.
Universal Stainless & Alloy Products, Inc. (USAP) reported today that it has agreed with Local 9531 of the United Steelworkers to a day by day continuance of the collective bargaining agreement, subject to a 72-hour termination notice by either party, covering the hourly production and maintenance employees at the Company's Bridgeville facility. The Bridgeville facility, which mainly produces semi-finished specialty steel products, includes the Company's melt shop, universal rolling mill, electro slag remelt furnaces and two of the Company's eleven vacuum arc remelt furnaces. The Company's facilities in Dunkirk, NY, North Jackson, OH and Titusville, PA are covered by separate collective bargaining agreements and are not affected by the current negotiations.
Universal Stainless & Alloy Products, Inc. (USAP) announced today that it has entered into an amended and restated five-year $120 million asset-based lending (ABL) credit agreement with PNC Bank, National Association. The new agreement increases the maximum line of the Company's revolving credit facility to $110 million, reduces the term loan facility to $10 million and includes a more favorable interest rate structure. The Company’s obligations under the amended and restated credit agreement continue to be collateralized by substantially all of the Company's accounts receivables, inventory, and fixed assets. The new credit agreement will expire in August 2023.
Universal Stainless & Alloy Products, Inc. (USAP) announced today that Christopher M. Zimmer, Executive Vice President and Chief Commercial Officer, and Christopher T. Scanlon, VP Finance, Chief Financial Officer and Treasurer, will speak at the Jefferies 2018 Global Industrials Conference in New York City on Tuesday, August 7th, from 8:00 to 8:35 a.m. (Eastern). The Company will post the slide presentation for this conference in the investor relations section of its website at www.univstainless.com. Jefferies will host a live webcast of the Company’s presentation, which can be accessed at http://wsw.com/webcast/jeff114/usap and in the investor relations section of the Universal Stainless website. A replay of the event will be available on the Company’s web site approximately three hours after the live event and accessible for ninety days.
The Bridgeville, Pennsylvania-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring gains, were 44 cents per share. The specialty steel maker posted revenue of $66.1 ...
Q2 2018 Sales of $66.1 million, up 25.6% from Q2 2017 Q2 2018 Net Income increases to $4.0 million, or $0.50 per diluted share, versus $1.2 million, or $0.17 per diluted share, in Q2 2017 EBITDA reaches ...
As attested to in Monday's stock market, where the four major U.S. market indices fell from 1.3% to 2.1%, trade wars and escalating tariffs increasingly are on the minds of investors. Something that at first was thought would be short-lived has grown into something far more pronounced and widespread, with tariffs potentially being exchanged among the U.S., China, the European Union, Mexico and Canada. In Trifecta Stocks' last weekly Roundup, we stated that as we geared up for the June quarter earnings season we would be listening for companies talking about the potential impact of the tariffs on their businesses.