Universal Stainless & Alloy Products, Inc., established in 1994 and headquartered in Bridgeville, PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing.

Company profile
Ticker
USAP
Exchange
Website
CEO
Dennis Oates
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Dunkirk Specialty Steel, LLC • North Jackson Specialty Steel, LLC ...
IRS number
251724540
USAP stock data
News

Universal Stainless's Return On Capital Employed Insights
1 Aug 22
Recap: Universal Stainless Q2 Earnings
27 Jul 22
Universal Stainless Q2 EPS $(0.16) Misses $(0.11) Estimate, Sales $52.20M Beat $51.55M Estimate
27 Jul 22
Earnings Scheduled For July 27, 2022
27 Jul 22
Earnings Preview For Universal Stainless
26 Jul 22
Press releases
Universal Stainless to Present at 2022 Jefferies Industrials Conference on August 9th
4 Aug 22
Universal Stainless Reports Improved Second Quarter 2022 Results
27 Jul 22
Universal Stainless to Webcast Second Quarter 2022 Conference Call on July 27th
20 Jul 22
Universal Stainless Announces Base Price Increase on Bar Products
11 Jul 22
Redwire Announces CFO Transition and Appointment of New Director
1 Jun 22
Calendar
27 Jul 22
19 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 315K | 315K | 315K | 315K | 315K | 315K |
Cash burn (monthly) | (no burn) | (no burn) | 456.33K | (no burn) | 1.68M | 2.39M |
Cash used (since last report) | n/a | n/a | 766.62K | n/a | 2.82M | 4.02M |
Cash remaining | n/a | n/a | -451.62K | n/a | -2.5M | -3.7M |
Runway (months of cash) | n/a | n/a | -1.0 | n/a | -1.5 | -1.5 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 May 22 | Christopher L Ayers | Common Stock | Grant | Acquire A | No | No | 0 | 8,180 | 0 | 38,276 |
31 May 22 | M. David Kornblatt | Common Stock | Grant | Acquire A | No | No | 0 | 8,180 | 0 | 40,276 |
31 May 22 | Udi Toledano | Common Stock | Grant | Acquire A | No | No | 0 | 8,180 | 0 | 83,576 |
31 May 22 | Judith L Bacchus | Common Stock | Grant | Acquire A | No | No | 0 | 8,180 | 0 | 19,107 |
4 May 22 | Christopher L Ayers | Common Stock | Grant | Acquire A | No | No | 7.41 | 405 | 3K | 30,096 |
Institutional ownership, Q1 2022
59.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 41 |
Opened positions | 20 |
Closed positions | 2 |
Increased positions | 7 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 45.9M |
Total shares | 5.35M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Minerva Advisors | 708.63K | $6.12M |
Royce & Associates | 528.99K | $4.59M |
Dimensional Fund Advisors | 501.2K | $4.35M |
AMP Ameriprise Financial | 484.19K | $4.2M |
Privet Fund | 436.26K | $3.58M |
Vanguard | 347.37K | $3.02M |
JB Capital Partners | 245K | $2.13M |
RBC Global Asset Management | 216.69K | $1.62M |
Wittenberg Investment Management | 204.36K | $1.77M |
Russell Investments | 164.89K | $1.43M |
Financial report summary
?Management Discussion
- The majority of our products are sold to service centers rather than the ultimate end market customers. The end market information in this Annual Report is our estimate based upon our knowledge of our customers and the grade of material sold to them, which they will in-turn sell to the ultimate end market customer.
- Net sales for the year ended December 31, 2021 decreased $23.8 million, or 13.2%, compared to 2020. The decrease in our sales is primarily due to a decrease in consolidated tons shipped driven by lower business activity as a result of significant challenges facing all our end markets caused primarily by the COVID-19 pandemic. The most significant impact on our business has been the slowdown in the global commercial airline industry, which is the largest driver of the decline in sales for our aerospace end market. The average total sales dollars per shipped ton also decreased due to a lower mix of premium products in 2021 compared with the prior year.
- Our 2021 gross margin was 5.1% of net sales, improved from a negative 1.5% gross margin in 2020. The negative margin in 2020 was primarily due to the impacts of the COVID-19 pandemic, including direct charges recorded to the Cost of products sold as a result of low activity levels. Although low activity levels continued in 2021, the improvement in gross margin reflects lower plant spending, improvements in our production costs, and increases in activity levels at our facilities during 2021 compared with the second half of 2020.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
clean, commodity, delayed, disrupted, earned, experienced, high, month, repair, returned, unplanned
Removed:
approximate, growth, negative, spending
Financial reports
Current reports
8-K
Universal Stainless Reports Improved Second Quarter 2022 Results
27 Jul 22
8-K
Departure of Directors or Certain Officers
6 May 22
8-K
Universal Stainless Reports First Quarter 2022 Results
20 Apr 22
8-K
Universal Stainless Names Steven Ditommaso As VICE PRESIDENT and CFO
5 Apr 22
8-K
Amendments to Articles of Incorporation or Bylaws
16 Mar 22
8-K
Universal Stainless Reports Fourth Quarter 2021 Results
26 Jan 22
8-K
Universal Stainless Reports Third Quarter 2021 Results
20 Oct 21
8-K
Universal Stainless Reports Improved Second Quarter 2021 Results
21 Jul 21
8-K
Departure of Directors or Certain Officers
6 May 21
8-K
Universal Stainless Reports Improved First Quarter 2021 Results
21 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
23 May 22
S-8
Registration of securities for employees
7 May 21
S-8
Registration of securities for employees
7 May 21
15-12G
Securities registration termination
28 Sep 20
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 20
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 20
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 20
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 20
8-A12B
Registration of securities on exchange
24 Aug 20
425
Business combination disclosure
15 Oct 19
Other
SD
Conflict minerals disclosure
20 May 22
SD
Conflict minerals disclosure
18 May 21
SD
Conflict minerals disclosure
8 May 20
SD
Conflict minerals disclosure
8 May 19
SD
Conflict minerals disclosure
7 Jun 18
SD
Conflict minerals disclosure
16 May 17
UPLOAD
Letter from SEC
21 Sep 16
CORRESP
Correspondence with SEC
20 Sep 16
UPLOAD
Letter from SEC
30 Aug 16
EFFECT
Notice of effectiveness
8 Aug 16
Ownership
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / Judith L Bacchus ownership change
3 Jun 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / UDI TOLEDANO ownership change
3 Jun 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / M. David Kornblatt ownership change
3 Jun 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / CHRISTOPHER L AYERS ownership change
3 Jun 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / Judith L Bacchus ownership change
5 May 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / UDI TOLEDANO ownership change
5 May 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / M. David Kornblatt ownership change
5 May 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / CHRISTOPHER L AYERS ownership change
5 May 22
4
UNIVERSAL STAINLESS & ALLOY PRODUCTS / Steven DiTommaso ownership change
6 Apr 22
3
UNIVERSAL STAINLESS & ALLOY PRODUCTS / Steven DiTommaso ownership change
6 Apr 22
Transcripts
2022 Q2
Earnings call transcript
30 Jul 22
2022 Q1
Earnings call transcript
20 Apr 22
2021 Q4
Earnings call transcript
26 Jan 22
2021 Q3
Earnings call transcript
20 Oct 21
2021 Q2
Earnings call transcript
21 Jul 21
2021 Q1
Earnings call transcript
21 Apr 21
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
22 Apr 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - July 18th, 2022
18 Jul 22
Building a portfolio of Cigar Butts - Looking for criticism and/or alternative viewpoints on some deep value picks
22 Jun 22
(4/20) Wednesday's Pre-Market Stock Movers & News
20 Apr 22
Pre-market summary - April 20
20 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22