(USD) | Mar 2024 | Q/Q |
---|---|---|
Revenue | 77.6MM | -3% |
Gross Profit | 14.7MM | +12% |
Cost Of Revenue | 63MM | -6% |
Operating Income | 7.3MM | +51% |
Operating Expenses | 7.4MM | - |
Net Income | 4.1MM | +59% |
G&A | 7.4MM | -11% |
Interest Expense | 2MM | -7% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Q1 2024 Earnings Call Transcript May 1, 2024 Universal Stainless & Alloy Products, Inc. beats earnings expectations. Reported EPS is $0.43, expectations were $0.32. USAP isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: […]
USAP reports significant growth in Q1 2024, with record gross margins and a robust increase in net income, signaling a positive trajectory for the year.
Strong Aerospace Demand Fuels Near-Record Sales and Enhanced Profitability
Q1 2024 Sales of $77.6 million vs. record $79.8 million in Q4 2023; up 18% from Q1 2023Q1 2024 Gross Margin reaches 18.9% of sales, highest since Q1 2012, despite $1.3 million raw material headwindQ1 2024 Net Income up 59% from Q4 2023 to $4.1 million, or $0.43 per diluted share Cash flow from operations totals $10.3 million, up 39% from Q4 2023 Backlog increases to $325 million on strong order entry BRIDGEVILLE, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (N
BRIDGEVILLE, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024. In conjunction with the earnings release, the Company will host a conference call at 11:00 a.m. (Eastern) on May 1st. The call will be webcast simultaneously for all interested parties. Call Dial-In Procedures: Please Click Here to register for the conference call and obtain yo
Universal Stainless' (USAP) shares surge on the back of robust Q4 performance, bolstered by impressive growth in specialty and premium alloys.
Universal Stainless (USAP) hits a new 52-week high, owing to the surge in earnings and sales in Q4, driven by strong growth in specialty and premium alloys.
Record premium alloys sales and strong aerospace end-market sales drive Universal Stainless' (USAP) top line in Q4.
Q4 2023 Earnings Highlight Strong Sales and Gross Margin Improvement
Record Q4 2023 Sales of $79.8 million, up 12% from Q3 2023; Record full year 2023 sales of $285.9 million, up 42% from 2022Record Q4 2023 Premium Alloy sales of $21.1 million, up 28% from Q3 2023; Record full year Premium Alloy sales of $68.1 million, up 74% from 2022Q4 2023 Gross margin improves to 16.4% of sales, highest since Q2 2018, despite $1.6 million raw material headwindQ4 2023 Net Income up 35% from Q3 2023 to $2.6 million, or $0.27 per diluted share Cash flow from operations totals $7