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Sep 30, 2024
Universal Stainless Q3 2024 Earnings Report
Reported record sales and net income in the third quarter of 2024.
Key Takeaways
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.
Net Sales reached a record $87.3 million.
Aerospace sales topped $200 million year-to-date.
Net Income increased to a record $11.1 million, or $1.11 per diluted share.
Gross Margin remained strong at 25.2% of sales.
Universal Stainless
Universal Stainless
Universal Stainless Revenue by Geographic Location
Revenue by Geographic Location
Aerospace Revenue
CapyFin.com Forward Guidance
Due to the pending transaction with Aperam, Universal will not hold a third quarter earnings conference call or webcast.