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Unversal Stainless and Alloy Products

Unversal Stainless and Alloy Products (USAP)

30.06
-0.27
(-0.89%)
Closed June 22 4:00PM
30.00
-0.06
(-0.20%)
After Hours: 5:36PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
30.00
Bid
27.00
Ask
32.00
Volume
113,812
29.36 Day's Range 30.265
11.13 52 Week Range 34.75
Market Cap
Previous Close
30.33
Open
30.03
Last Trade
2
@
29.37
Last Trade Time
Financial Volume
$ 3,411,501
VWAP
29.9749
Average Volume (3m)
136,084
Shares Outstanding
9,189,807
Dividend Yield
-
PE Ratio
56.26
Earnings Per Share (EPS)
0.53
Revenue
285.94M
Net Profit
4.91M

About Unversal Stainless and Alloy Products

Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and c... Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Show more

Sector
Steel Works & Blast Furnaces
Industry
Steel Works & Blast Furnaces
Headquarters
Wilmington, Delaware, USA
Founded
1970
Unversal Stainless and Alloy Products is listed in the Steel Works & Blast Furnaces sector of the NASDAQ with ticker USAP. The last closing price for Unversal Stainless and A... was $30.33. Over the last year, Unversal Stainless and A... shares have traded in a share price range of $ 11.13 to $ 34.75.

Unversal Stainless and A... currently has 9,189,807 shares outstanding. The market capitalization of Unversal Stainless and A... is $276.25 million. Unversal Stainless and A... has a price to earnings ratio (PE ratio) of 56.26.

USAP Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-1.69-5.3329125907231.6932.1229.3615292230.80549309CS
4-1.35-4.3062200956931.3534.7529.3614638132.2806527CS
127.0930.947184635522.9134.7522.9113608430.18142432CS
2612.3770.164492342617.6334.7517.0211083325.91894055CS
5217.1132.55813953512.934.7511.137914622.46374402CS
15619.79193.82957884410.2134.756.524365317.17906374CS
26015.82111.56558533114.1834.755.123974014.70152693CS

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USAP Discussion

View Posts
Monksdream Monksdream 2 months ago
USAP new 52 week high
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Monksdream Monksdream 3 months ago
USAP new 52 hi
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LMLYP LMLYP 3 years ago
Bought a few today pre-earnings tomorrow.
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LMLYP LMLYP 3 years ago
I should not have posted a 20% G/S percent position. That should be kept to oneself. Nobody cares.

Slim has a great macro story on steel and other metals, resources, natural and others. We're long USAP around $9.60.


BABA
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LMLYP LMLYP 3 years ago
CFO resigned
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LMLYP LMLYP 3 years ago
A little more insider buying.


https://www.sec.gov/Archives/edgar/data/931584/000180968921000003/xslF345X03/primary_doc.xml

and

http://www.conferencecalltranscripts.org/summary/?id=8930855


bought at ten percent discounts, employee incentive

I am not recommending the stock.
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LMLYP LMLYP 3 years ago
Nice move off of Cowen presentation.
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LMLYP LMLYP 3 years ago
USAP reports 1/27 and we want smolten. There are some potential improvements in their end markets after negative gross margins were reported in (parts of?) 2020.

CB $6.25. I sold my $7.50 LIFO at $7.50. I may get a chance to buy again.
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LMLYP LMLYP 3 years ago
Smells like teen(s) spirit.
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deet49 deet49 3 years ago
USAP sounds offensive! They should request a Ticker change maybe like UWIN UFLY UCAN UWIL URGT I think it possible that the stock could double and triple on that announcement alone

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LMLYP LMLYP 3 years ago
Not trading. Added $6.75 and $7.50 to the $5.80.
Not recommending. DYDD
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LMLYP LMLYP 3 years ago
Hoping it falls under $5 next year. Bought more, average now $6.23. Quarter of a million dollar insider buy can't be ignored.
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LMLYP LMLYP 4 years ago
In at $5.75 and $5.85 for a trade.
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Timothy Smith Timothy Smith 9 years ago
Universal Stainless & Alloy Products (NASDAQ:USAP): Q3 EPS of -$0.22 in-line.

Revenue of $43.37M (-19.1% Y/Y) misses by $18.63M.
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OptionMonster OptionMonster 16 years ago
LMAO! Yes..I so knew this one would be a beast...
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J-RO J-RO 16 years ago
(Tear), They go up so quickly, don't they? ;)
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OptionMonster OptionMonster 16 years ago
Well it was nice to sit here on the sideline and watch baby X grow up...Time to let her go til she drops...By little USAP I will miss you!!!!!!!!!
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J-RO J-RO 16 years ago
Negative.
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OptionMonster OptionMonster 16 years ago
Did you grab any of those lotto May $20 PUTS on YHOO?
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J-RO J-RO 16 years ago
I didnt play it either, played F / ABB this AM.

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OptionMonster OptionMonster 16 years ago
Nice and I missed it!!! How many freakin times have I traded this thing and I missed earnings day!! I SUCK!
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J-RO J-RO 16 years ago
HUGE candle today, berry nice!!!

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OptionMonster OptionMonster 16 years ago
Little USAP is now a full blown MONSTER!!

Universal Stainless Reports 2008 First Quarter Results


Diluted EPS of $0.70 on Sales of $56.8 Million Exceeds Forecast

Backlog Increases to $88 Million

BRIDGEVILLE, Pa., April 24, 2008 (PRIME NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) reported today that sales for the first quarter of 2008 were $56.8 million, which is in line with $56.2 million reported in the first quarter of 2007. Net income for the 2008 first quarter was $4.7 million, or $0.70 per diluted share, compared with $6.8 million, or $1.00 per diluted share, in the first quarter of 2007.

These results exceeded the Company's forecast for the first quarter of 2008 of sales in the range of $50 to $55 million and diluted EPS in the range of $0.60 to $0.65.

Nickel costs were more stable in the 2008 first quarter compared to their high volatility in 2007 and were substantially lower than their level at March 31, 2007. The change in nickel costs reduced gross margins for the Company's Dunkirk segment for the first quarter of 2008 by an estimated $157,000 (FIFO charge), equivalent to $0.02 per diluted share, compared with an increase (FIFO benefit) of $1.2 million, equivalent to $0.12 per diluted share, in the first quarter of 2007. The swing in the FIFO effect combined with a change in product mix reduced company-wide gross margins in the first quarter of 2008 compared with the same period of 2007.

The Company's tax rate for the first quarter of 2008 was 33% compared to 35% in first quarter of 2007. The benefit of this rate change was equivalent to $0.02 per diluted share.

Cash flow from operations was $208,000 for the first quarter of 2008 and capital expenditures were $3.1 million. Inventories remained level with the 2007 fourth quarter, while receivables increased due to the sequential increase in revenues.

President and CEO Dennis Oates commented: "Solid demand in our key markets combined with better than expected sales of power generation and tool steel products enabled us to exceed our forecast for the first quarter of 2008. In total, our sales to the power generation market rose an estimated 34% sequentially and 15% over the first quarter of 2007, while tool steel sales increased 25% over the fourth quarter of 2007 and 28% year-over-year. Our sales to the petrochemical market also improved sequentially, rising an estimated 30% from the 2007 fourth quarter, and matched the first quarter of 2007. Our sales to the aerospace market increased an estimated 5% from the fourth quarter of 2007, but were 15% lower than the first quarter a year ago. While aerospace demand remains very strong, our aerospace sales go through service centers and forgers, which continue to demonstrate conservative buying patterns and report pockets of excess inventory. We have not changed our view that service centers and forgers will, by necessity, return to more normal buying levels in the second half of the year."

Mr. Oates continued: "We made progress on several priorities in the first quarter. One of the highest was to add a Vice President of Sales and Marketing, and we were pleased to announce earlier this week that Chris Zimmer has joined our team. Our focus is to accelerate sales growth by further penetrating our domestic markets as well as expanding into international sales. We are now in conversations with potential partners and new customers in North America, South America, Europe, Russia and India. This is a long-term process, but we are pleased by the initial response and have several trial orders underway, including some for new products.

"Operational improvement is another area of high priority for us. We are progressing with the start-up of our new state-of-the-art high temperature annealing system in Dunkirk and remain on track to have it fully operational by the end of the current second quarter.

"In a further move to realize Dunkirk's potential and improve efficiency company-wide, we will relocate the round bar finishing operation in Bridgeville to Dunkirk, where it will replace inefficient multi-step equipment with advanced continuous-process capability. We expect to reduce the round bar production cycle in Dunkirk by as much as two weeks resulting in a payback that is less than one year. It also will enable Bridgeville to focus on its core competency, the manufacture of semi-finished products including tool steel plate."

Mr. Oates concluded: "We expect continued incremental improvement in our financial performance as reflected in our forecast for the second quarter of 2008. We expect our operational improvement to be more substantial as we continue to enhance our productivity and improve customer service levels. Our overall goal is to further accelerate our growth."

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OptionMonster OptionMonster 16 years ago
Little USAP has had a very nice week!!
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OptionMonster OptionMonster 16 years ago
Did you see CC today...Geesh! How much lower will it go!
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J-RO J-RO 16 years ago
Agreed.
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OptionMonster OptionMonster 16 years ago
Good..Not time yet..Could see $150
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J-RO J-RO 16 years ago
Looking cheap, scale in gradually, IMO.

OT: Didnt play GS calls, I'm away from my computer too much to watch them right now.

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OptionMonster OptionMonster 16 years ago
Is it me or is this looking stupid cheap now??
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OptionMonster OptionMonster 16 years ago
Universal Stainless Chairman Adopts 10b5-1 Trading Plan
BRIDGEVILLE, Pa., March 5, 2008 (PRIME NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that Clarence M. McAninch, Chairman of the Board of Directors, has adopted a pre-arranged, non-discretionary stock trading plan to sell the stock issuable upon the exercise of Mr. McAninch's stock options. The stock trading plan is designed to permit systematic sales by Mr. McAninch over time as part of his individual long-term strategy for asset diversification and estate planning. The stock trading plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, and the Company's policies regarding stock transactions by insiders.

Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios by spreading stock trades out over an extended period of time to reduce any market impact while avoiding concerns about the initiation of stock transactions when in possession of material non-public information.

Subject to the terms of the plan, Mr. McAninch may sell up to 35,000 shares of the Company's stock over a period of eighteen weeks.

The transactions under this plan will commence no earlier than March 10, 2008 and will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.

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OptionMonster OptionMonster 16 years ago
I was tempted but grabbed every BA April $80 CALL I could under $3.00...Now let her POP!!$$$$$$$$$$
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J-RO J-RO 16 years ago
U pick some up?
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OptionMonster OptionMonster 16 years ago
USAP is screaming "BUY ME!!"
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OptionMonster OptionMonster 16 years ago
He like you!
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J-RO J-RO 16 years ago
LOL. Dude, your siggy pic is killing me.

Change it up man!!!
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OptionMonster OptionMonster 16 years ago
Look at what they are doing to poor little USAP today! lol
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OptionMonster OptionMonster 16 years ago
This beat down was not warranted..BOING on positive market conditions
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OptionMonster OptionMonster 16 years ago
USAP still gettin jiggy!
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OptionMonster OptionMonster 16 years ago
Have you looked at the share structure? THIN as HECK! Any buying drives it up quick!
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J-RO J-RO 16 years ago
USAP is getting jiggy.

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OptionMonster OptionMonster 16 years ago
Check it out Joe..Little USAP is finally getting some attention!
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OptionMonster OptionMonster 16 years ago
So close! USAP almost had a green day! lol
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OptionMonster OptionMonster 16 years ago
I knew poor little USAP would have his day! lol
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J-RO J-RO 16 years ago
To da moon.
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OptionMonster OptionMonster 16 years ago
Told ya poor little USAP would have his day!
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J-RO J-RO 16 years ago
USAP Chart


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OptionMonster OptionMonster 16 years ago
P/E down to 9.14
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OptionMonster OptionMonster 16 years ago
Poor little USAP left out of the rally again..Your day will come USAP!!!!!
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OptionMonster OptionMonster 16 years ago
Intresting..Down while commodoties surged..I think people are missing this one..Time will tell..
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OptionMonster OptionMonster 16 years ago
Those combined holders have 1,840,773 of the shares...
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