Universal Stainless reported record net sales of $87.3 million for the third quarter of 2024, a 5% increase from the second quarter and a 22% increase from the third quarter of 2023. Net income increased to a record $11.1 million, or $1.11 per diluted share.

Universal Stainless & Alloy Products, Inc. reported net sales for Q2 2023 of $69.0 million, a 32.3% increase year-over-year. The company returned to profitability with a net income of $0.9 million, or $0.10 per diluted share. Gross margin improved to $9.8 million, and operating income more than doubled to $3.1 million.

Universal Stainless reported a decrease in sales compared to the previous quarter, but an increase compared to the same quarter last year. The company faced operational challenges that impacted production goals, but order entry remained strong, and backlog reached a record high. The company is optimistic about continued recovery in the aerospace market.

Universal Stainless reported a 35.5% increase in net sales compared to Q2 2021 and a gross margin of 9.1%, or 12.6% excluding the impacts of the AMJP grant and the liquid metal spill. The net loss narrowed to $1.4 million, and EBITDA increased to $4.3 million, with an adjusted EBITDA of $6.4 million.

Universal Stainless & Alloy Products reported Q3 2021 net sales of $37.2 million. The company's net income was $7.9 million, or $0.87 per diluted share, which includes a $10 million gain on PPP loan forgiveness. The backlog increased 26.5% to $125.1 million.

Universal Stainless reported a 4.0% sequential increase in net sales to $38.5 million for Q2 2021. The company's gross margin improved to 5.6%, and the net loss was reduced to $2.5 million, or $0.28 per diluted share. Backlog increased 70.6% to $98.9 million.

Universal Stainless reported a net loss of $7.0 million, or $0.79 per diluted share, for the third quarter of 2020. Sales totaled $37.4 million, a decrease of 33.8% compared to the third quarter of 2019. The company focused on working capital reduction, resulting in positive cash flow and reduced debt levels.

Universal Stainless & Alloy Products, Inc. reported a net loss of $3.3 million, or $0.38 per diluted share, for the second quarter of 2020. Sales totaled $52.5 million, while premium alloy sales rose 62.3% sequentially. The company's EBITDA totaled $1.4 million, and cash flow from operations was $7.4 million.