Company profile

Ticker
USAP
Exchange
CEO
Dennis M. Oates
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
251724540

USAP stock data

(
)

Calendar

21 Oct 20
29 Oct 20
31 Dec 20

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
26 Oct 20 Zimmer Christopher M Common Stock Buy Aquire P No 5.64 45,823 258.44K 108,460
12 Oct 20 Dennis M Oates Common Stock Grant Aquire A No 0 4,372 0 112,826
12 Oct 20 Zimmer Christopher M Common Stock Grant Aquire A No 0 1,847 0 62,637
12 Oct 20 Graham McIntosh Common Stock Grant Aquire A No 0 1,664 0 35,444
12 Oct 20 Christopher Thomas Scanlon Common Stock Grant Aquire A No 0 1,380 0 5,154
73.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 40 46 -13.0%
Opened positions 0 3 EXIT
Closed positions 6 8 -25.0%
Increased positions 15 13 +15.4%
Reduced positions 16 21 -23.8%
13F shares
Current Prev Q Change
Total value 55.37M 49.6M +11.7%
Total shares 6.44M 6.43M +0.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Royce & Associates 932.19K $8.02M +26.2%
Dimensional Fund Advisors 723.26K $6.22M -2.1%
Russell Investments 614.02K $5.28M +4.6%
RY Royal Bank of Canada 560.07K $4.82M -16.7%
22NW 433.37K $3.73M +170.2%
Minerva Advisors 431.62K $3.7M -0.9%
AMP Ameriprise Financial 417.22K $3.59M +5.5%
Vanguard 411.15K $3.54M 0.0%
Forest Hill Capital 279.64K $2.41M 0.0%
Wittenberg Investment Management 203.06K $1.75M -4.8%
Largest transactions
Shares Bought/sold Change
22NW 433.37K +272.97K +170.2%
Royce & Associates 932.19K +193.45K +26.2%
RY Royal Bank of Canada 560.07K -112.47K -16.7%
Walthausen & Co. 0 -107.15K EXIT
BEN Franklin Resources 57.71K -95.69K -62.4%
CS Credit Suisse 0 -44.35K EXIT
Monarch Partners Asset Management 0 -40.17K EXIT
Fondren Management 40.35K -39.65K -49.6%
Municipal Employees' Retirement System of Michigan 0 -29.5K EXIT
Russell Investments 614.02K +27.09K +4.6%

Financial report summary

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Risks
  • A substantial amount of our sales is derived from a limited number of customers.
  • The demand for our products may be cyclical.
  • A substantial amount of our sales is derived from the aerospace industry.
  • Our business may be harmed by failure to develop, commercialize, market and sell new applications and new products.
  • We are dependent on the availability and price of raw materials and operating supplies.
  • Our business requires substantial amounts of energy.
  • We are subject to risks associated with global economic and market factors.
  • Our business depends largely on our ability to attract and retain key personnel.
  • Our business may be harmed by strikes or work stoppages.
  • Our business may be harmed by failures on critical manufacturing equipment.
  • We believe that our international sales and purchases are associated with various risks.
  • If we are unable to protect our information technology infrastructure against service interruptions, data corruption, cyber-based attacks or network security breaches, our operations could be disrupted.
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, 2019 decreased $12.9 million, or 5.0%, compared to 2018. The decrease in our sales reflects approximately a 7% decrease in consolidated tons shipped, partially offset by a 2% increase in sales dollars per shipped ton. The decrease in our shipped tons was due to lower tool steel shipments. The increase in sales dollars per shipped ton was driven by higher aerospace end market sales, partially offset by lower surcharges.
  • Our gross margin, as a percentage of net sales, was 11.4% in 2019, compared to 14.8% in 2018.  The decrease in gross margin is a result of misalignment of melt costs and surcharges for the majority of the year, and increased cost of operations on material sold. The increased operations cost was in part due to a fire at our North Jackson facility at the end of the second quarter, and in part due to product mix.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: absorption, consecutive, driver, entry, notably, October, revised
Removed: construction, obtained, ton, unit