USAP Posts 4Q Prelim Results - Analyst Blog
21 Gennaio 2013 - 12:30PM
Zacks
Universal Stainless & Alloy Products, Inc.
(USAP) has released its preliminary results for the fourth quarter
of 2012. The company expects earnings in the range of 15 cents to
17 cents per share for the fourth quarter.
Universal Stainless anticipates sales to be about $47 million for
the quarter, which is lower than the company’s expectations. The
company also stated that activity levels across the end markets
went down in the quarter as customers decreased their inventory
levels given the economic challenges. The company’s shipments also
decreased in the quarter. It reported an operating margin of 4% for
the quarter.
The company’s end-2012 order entry remained weak. Backlog at the
end of the fourth quarter was $51.7 million compared with $65.9
million at the end of the third quarter. The company made progress
in the expansion of its North Jackson facility during the
quarter.
Universal Stainless produces semi-finished and finished specialty
steel long products and plate, including nickel alloy, stainless
steel, tool steel and aircraft quality low alloy steels, in a wide
variety of grades and product forms. The company’s specialty bar
facilities have one of the broadest and diverse size range and
product capabilities in the industry.
Universal Stainless is scheduled to release its fourth-quarter 2012
results on January 29. It currently retains a Zacks Rank #3
(Hold).
Other companies in the steel industry with favorable Zacks Rank are
Gibraltar Industries Inc. (ROCK),
ArcelorMittal South Africa (AMSIY) and
Commercial Metals Company (CMC). While Gibraltar
holds a Zacks Rank #1 (Strong Buy), the other two companies hold a
Zacks Rank #2 (Buy).
(AMSIY): ETF Research Reports
COMMERCIAL METL (CMC): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
UNVL STAINLESS (USAP): Free Stock Analysis Report
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