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Universal Stainless & Alloy Products Inc (USAP.OQ)

USAP.OQ on NASDAQ Stock Exchange Global Select Market

27.34USD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Universal Stainless Announces Amended And Restated $120 Mln Credit Agreement
Monday, 6 Aug 2018 07:00am EDT 

Aug 6 (Reuters) - Universal Stainless & Alloy Products Inc ::UNIVERSAL STAINLESS ANNOUNCES AMENDED AND RESTATED $120 MILLION CREDIT AGREEMENT; REACHES COLLECTIVE BARGAINING AGREEMENT FOR NORTH JACKSON SPECIALTY STEEL FACILITY.UNIVERSAL STAINLESS & ALLOY PRODUCTS INC - NEW CREDIT AGREEMENT WILL EXPIRE IN AUGUST 2023.UNIVERSAL STAINLESS & ALLOY PRODUCTS - ENTERED AMENDED AND RESTATED 5-YEAR $120 MILLION ABL CREDIT AGREEMENT WITH PNC BANK, NATIONAL ASSOCIATION.UNIVERSAL STAINLESS & ALLOY PRODUCTS - REACHED 6-YEAR COLLECTIVE BARGAINING AGREEMENT WITH HOURLY EMPLOYEES AT NORTH JACKSON SPECIALTY STEEL FACILITY.UNIVERSAL STAINLESS & ALLOY PRODUCTS - NEW 6-YEAR COLLECTIVE BARGAINING AGREEMENT RATIFIED BY BARGAINING UNIT AND IS EFFECTIVE AS OF JULY 1, 2018.UNIVERSAL STAINLESS & ALLOY PRODUCTS INC - NEW CONTRACT CONTAINS FLEXIBLE WORK RULE TERMS AND PROFIT SHARING INCENTIVES.  Full Article

Universal Stainless Names Christopher Scanlon CFO
Tuesday, 3 Apr 2018 07:00am EDT 

April 3 (Reuters) - Universal Stainless & Alloy Products Inc ::UNIVERSAL STAINLESS NAMES CHRISTOPHER T. SCANLON AS VICE PRESIDENT OF FINANCE, CFO AND TREASURER.CHRISTOPHER SCANLON HAS BEEN NAMED CFO, EFFECTIVE APRIL 2, 2018.  Full Article

Universal Stainless Q3 earnings per share $0.02 excluding items
Wednesday, 25 Oct 2017 06:45am EDT 

Oct 25 (Reuters) - Universal Stainless & Alloy Products Inc ::Universal Stainless reports third quarter 2017 results in line with preliminary forecast.Q3 earnings per share $0.02 excluding items.Q3 loss per share $0.04.Q3 sales $50.9 million.Universal Stainless & Alloy Products Inc - ‍quarter-end backlog of $66.2 million, up 4.3 pct sequentially​.Universal Stainless & Alloy Products Inc - ‍Ross Wilkin, Chief Financial Officer notified company of his intention to resign from his position​.  Full Article

Universal Stainless forecasts Q3 2017 loss per share about $0.04
Wednesday, 18 Oct 2017 04:30pm EDT 

Oct 18 (Reuters) - Universal Stainless & Alloy Products Inc :Universal Stainless reports preliminary third quarter 2017 results.Sees Q3 2017 loss per share about $0.04.Q3 earnings per share $0.02 excluding items.Sees Q3 2017 sales $51 million.Sees Q3 2017 sales up 28 percent.  Full Article

Universal Stainless announces an occurrence of a fire at its Dunkirk, New York facility
Thursday, 14 Sep 2017 04:30pm EDT 

Sept 14 (Reuters) - Universal Stainless & Alloy Products Inc :Universal Stainless announces an occurrence of a fire at its Dunkirk, New York facility.Universal Stainless & Alloy Products Inc - ‍Preliminary cost estimates, net of insurance, are expected to be in range of $0.03 to $0.06 per share​.Says ‍fire originated and was contained within steel pickling area of facility​.Says company does not expect fire to have a significant impact to our customer order deliveries.Universal Stainless & Alloy Products Inc- Company does not expect fire to have a significant impact to our customer order deliveries.Says ‍at this time exact cause of fire is still being investigated and damages are being assessed​.Universal Stainless & Alloy Products - ‍Co is process of making repairs in order to operate pickling operation on a limited basis.  Full Article

Universal Stainless reports Q2 earnings per share $0.17
Wednesday, 26 Jul 2017 07:00am EDT 

July 26 (Reuters) - Universal Stainless & Alloy Products Inc ::Universal Stainless reports significantly improved Q2 2017 results.Q2 earnings per share $0.17.Q2 sales $52.6 million.Q2 earnings per share view $0.11, revenue view $50.3 million -- Thomson Reuters I/B/E/S.Recovery that began in Q1 2017 continued to show traction in q2.Universal Stainless & Alloy Products-as co enters q3 & h2 2017, business conditions & demand remain positive with continued strength in order entry & backlog.  Full Article

Universal Stainless announces rejection of unsolicited offer from Synalloy
Thursday, 29 Jun 2017 04:15pm EDT 

June 29 (Reuters) - Universal Stainless & Alloy Products Inc ::Universal Stainless announces rejection of unsolicited offer from Synalloy Corporation.Universal Stainless & Alloy Products says "‍does not see a basis for further discussions with Synalloy regarding unsolicited offer at this time"​.Universal Stainless & Alloy Products - co's board determined that Synalloy's unsolicited offer has "no merit for stockholders of universal stainless".  Full Article

Universal Stainless reaches early labor agreement at its Dunkirk facility
Wednesday, 28 Jun 2017 07:00am EDT 

June 28 (Reuters) - Universal Stainless & Alloy Products Inc :Universal stainless reaches early labor agreement at its dunkirk facility.Universal stainless & alloy products inc - current contract is scheduled to expire on october 31, 2017.Universal stainless & alloy products - new 5-year collective bargaining agreement has been ratified by bargaining unit and is effective as of november 1, 2017.Universal stainless & alloy products- new 5-year collective bargaining agreement has been ratified by bargaining unit and is effective as of nov. 1, 2017.  Full Article

Universal Stainless Q1 loss per share $0.17
Wednesday, 26 Apr 2017 07:00am EDT 

April 26 (Reuters) - Universal Stainless & Alloy Products Inc :Universal stainless reports first quarter 2017 results.Q1 loss per share $0.17.Q1 sales $48.9 million.Quarter-End backlog of $57.1 million, up 30.3% sequentially."we expect general increase in business activity to continue as we move through 2017".  Full Article

Universal Stainless Q4 loss per share $0.22
Wednesday, 25 Jan 2017 07:00am EST 

Universal Stainless & Alloy Products Inc : Universal Stainless reports fourth quarter 2016 results . Q4 sales $34.2 million versus I/B/E/S view $38 million . Q4 loss per share $0.22 . Q4 earnings per share view $-0.12 -- Thomson Reuters I/B/E/S . Universal stainless & alloy products inc - quarter-end backlog of $43.8 million increases 14.5% from Q4 of 2015 . Universal stainless & alloy products inc - backlog (before surcharges) at December 31, 2016 was $43.8 million, up 11.2% from $39.4 million at end of 2016 Q3 .Universal stainless & alloy - "see improving trends in bookings ,backlog coupled with more favorable domestic specialty steel demand outlook going forward".  Full Article