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Universal Stainless & Alloy Products (USAP)
NASDAQ:USAP
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.92Last Year’s EPS
0.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 1.74%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record-breaking metrics, particularly in the aerospace sector, and significant progress in debt reduction and operational improvements. However, challenges were noted in the heavy equipment, energy, and general industrial markets, where sales declined. Despite these challenges, the overall sentiment is positive due to the strong performance and strategic positioning in key growth areas.Company Guidance
During the second quarter 2024 earnings call, Universal Stainless reported record sales of $82.8 million, with aerospace market sales contributing $68.6 million, or 83% of the total sales. The company achieved a gross margin of 25.4%, net income of $8.9 million, and adjusted EBITDA of $18.5 million, representing 22% of sales. The record performance was driven by strategic focus on aerospace and premium alloys, with these products comprising 25% of total sales. Universal Stainless noted a solid backlog of $297 million and highlighted capital investments to expand capacity, including a second 18-ton furnace shell at North Jackson by mid-2025. Operating cash flow generated $7.3 million, allowing for a debt reduction of $3 million, bringing the total debt reduction over the past four quarters to $15 million, a decrease of 16%.Record-Breaking Financial Performance
Universal Stainless reported record sales of $82.8 million, record net income of $8.9 million, and record adjusted EBITDA of $18.5 million for Q2 2024. Gross margin hit an all-time high of 25.4%.
Strong Aerospace Market Growth
Aerospace market sales reached a record $68.6 million, making up 83% of total sales, with a 34% increase from Q2 2023 and a 29% year-to-date increase.
Debt Reduction and Positive Cash Flow
Net cash generated by operating activities totaled $7.3 million, with a total debt reduction of $3 million for the quarter, contributing to a 16% debt reduction over the past four quarters.
Return to Russell Indexes
Universal Stainless returned to the Russell 2000 and 3000 indexes, reflecting substantial progress in achieving growth objectives and building shareholder value.
Operational and Workforce Improvements
Signed a new 5-year collective bargaining agreement with North Jackson facility employees and saw production increases due to capital modernization projects.
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Universal Stainless & Alloy Products (USAP) Earnings, Revenues Date & History
USAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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USAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $43.69 | $44.05 | +0.82% |
| Jul 31, 2024 | $32.91 | $37.52 | +14.01% |
| May 01, 2024 | $26.15 | $29.06 | +11.13% |
| Mar 28, 2024 | $24.62 | $22.42 | -8.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Universal Stainless & Alloy Products (USAP) report earnings?
Universal Stainless & Alloy Products (USAP) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Universal Stainless & Alloy Products (USAP) earnings time?
Universal Stainless & Alloy Products (USAP) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is USAP EPS forecast?
USAP EPS forecast for the fiscal quarter 2024 (Q4) is 0.92.
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