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USAP Price Correlated With Financials For Universal Stainless and Alloy Prod

Free historical financial statements for Universal Stainless and Alloy Prod. See how revenue, income, cash flow, and balance sheet financials have changed over 42 quarters since 2012. Compare with USAP stock chart to see long term trends.

USAP Stock Compared to Quarterly

USAP Income Statement

Revenue, Net:52156000
Revenue Per Share:5.811
Cost of Goods & Services Sold:47417000
Gross Profit:4739000
Selling, General & Admin Expense:5277000
Operating Income:-1369000
Income Taxes:68000
Net Income:-1437000
Earnings Per Share, Basic:-0.16
Shares Outstanding, Basic Avg:8975331

USAP Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:4823000
Change in Accounts Receiveable:1790000
Net Cash from Operations:-5031000
Net Cash from Operations Per Share:-0.5605
Net Cash from Financing Activities:8029000
Property, Plant & Equipment Purchases:2962000
Net Cash from Investing Activities:-2962000
Net Change in Cash & Equivalents:36000

USAP Balance Sheet

Cash and Cash Equivalents:315000
Accounts Receivable, Net:30137000
Inventories:148977000
Total Current Assets:188360000
Property, Plant & Equipment, Net:158665000
Total Assets:347898000
Accounts Payable:30156000
Total Short-Term Liabilities:36255000
Total Liabilities:123616000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Minerva Advisors LLC
732,827 sh
24,200 sh
3%
$5,247
-$876
Royce & Associates Lp
525,587 sh
-3,400 sh
-1%
$3,889
-$703
Ameriprise Financial Inc
491,102 sh
6,908 sh
1%
$3,635
-$568
Dimensional Fund Advisors LP
486,367 sh
-14,833 sh
-3%
$3,599
-$751
Vanguard Group Inc
347,230 sh
-137 sh
0%
$2,570
-$446
Wittenberg Investment Management, Inc.
253,363 sh
49,002 sh
24%
$1,875
$101
Jb Capital Partners Lp
245,000 sh
 
$1,813
Russell Investments Group, Ltd.
159,181 sh
-5,704 sh
-3%
$1,177
-$252
Blackrock Inc.
154,838 sh
2,908 sh
2%
$1,146
-$174
Brandywine Global Investment Management, LLC
141,168 sh
-20,634 sh
-13%
$1,045
-$359
Foundry Partners, LLC
132,610 sh
21,750 sh
20%
$981
$19
CM Management, LLC
100,000 sh
10,000 sh
11%
$740
-$41
Acadian Asset Management LLC
97,877 sh
 
$724
Essex Investment Management Co LLC
91,621 sh
 
$678
Bridgeway Capital Management Inc
91,558 sh
 
$678
Geode Capital Management, LLC
80,131 sh
969 sh
1%
$592
-$95
Forest Hill Capital, LLC
76,082 sh
 
$563
Rodgers Brothers Inc.
69,250 sh
500 sh
1%
$512
-$85
Boston Partners
51,198 sh
-6,366 sh
-11%
$379
-$121
Ancora Advisors, LLC
45,846 sh
 
$339
COMPANY PROFILE
Note 1: Nature of Business and Basis of Presentation
Universal Stainless & Alloy Products, Inc., and its wholly-owned subsidiaries (collectively, “Universal,” “we,” “us,” “our,” or the “Company”), manufacture and market semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Our manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Our products are sold to service centers, forgers, rerollers, original equipment manufacturers and wire redrawers. Our customers further process our products for use in a variety of industries, including the aerospace, power generation, oil and gas, heavy equipment, and general industrial manufacturing industries. We also perform conversion services on materials supplied by customers.
The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2021 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated.
When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements.
Recently Adopted Accounting Pronouncements
None.
Recently Issued Accounting Pronouncements
The Company considers the applicability and impact of all Accounting Standards Updates (ASUs.) Recently issued ASUs not listed were assessed and were determined not applicable, or are expected to have minimal impact on our consolidated financial statements.

Data imported from Universal Stainless and Alloy Prod SEC filings. Check original filings before making any investment decision.