Universal Stainless & Alloy Products, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 20, 2022 at 06:45 am EDT
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Universal Stainless & Alloy Products, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 47.56 million compared to USD 37.04 million a year ago. Net loss was USD 1.62 million compared to USD 4.53 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to USD 0.51 a year ago.
Universal Stainless & Alloy Products, Inc. is engaged in manufacturing and marketing semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other premium alloyed steels. Its manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. It produces a variety of specialty steel grades using several manufacturing processes including vacuum induction melting (VIM), vacuum-arc remelting (VAR), electro-slag remelting (ESR) and argon oxygen decarburization (AOD). Its products are sold to service centers, forgers, rerollers and original equipment manufacturers (OEMs). Its customers further process its products for use in a variety of industries, including the aerospace, power generation, oil and gas, heavy equipment and general industrial markets. It also performs conversion services on materials supplied by customers.
UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC. 
