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Universal Stainless & Alloy Products, Inc. (USAP), together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally.
Its products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.
The company offers semi-finished and finished long products in the form of ingots, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (OEMs), which are cold rolled from purchased coiled strip, flat bar, or extruded bar.
It also offers conversion services on materials supplied by its customers.
The company's products are used in aerospace, power generation, oil and gas, heavy equipment, general, and industrial markets.
It sells its products to service centers, forgers, rerollers, and original equipment manufacturers.
Universal Stainless & Alloy Products, Inc. was incorporated in 1994 and is headquartered in Bridgeville, Pennsylvania.
On January 24th, Universal Stainless & Alloy Products reported earnings of $0.20 per share on revenue of $71.28 million for the third quarter ended September 2023. The consensus earnings estimate was $0.15 per share on revenue of $70.88 million. The company beat consensus estimates by 33.33% while revenue grew 54.31% on a year-over-year basis.
Shares prices should head higher following a strong earnings report along its bullish flag formation.
Entry Point: $19.00
Trading Range: $7.57 - $20.80
Stop Loss: $18.05
Target Price: $20.90
