TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Universal Stainless expects lower fourth-quarter results

Daily Photo Galleries

Friday, Jan. 18, 2013, 11:10 a.m.
 

Universal Stainless & Alloy Products Inc. said Friday its fourth-quarter financial results will be lower than expected.

The Bridgeville-based specialty metals maker said sales were around $47 million and earnings per share will be 15 to 17 cents. Results will be reported on Jan. 29. “Year-end order entry remained weak” as customers reduced inventories, CEO Dennis Oates said.

Universal Stainless reported a $2.75 million profit, or 38 cents a share, for the third quarter after adjusting for an incorrect invoice. Sales were $61.4 million. In the fourth-quarter of 2011, the company earned $4.3 million, or 59 cents, on revenue of $62.2 million.

 

 
 


Show commenting policy

Most-Read Stories

  1. 71-year-old among 2 charged in several Pittsburgh area burglaries
  2. Four issues that the Steelers need to take care of in September
  3. Pitt well-stocked along offensive line
  4. Pittsburgh Mayor Peduto says new police chief’s skills fit the job well
  5. Pair share love of dance with youths in Fayette, Westmoreland
  6. Lambo no longer in limbo with Pirates
  7. New Kensington residents vent anger at council meeting
  8. Wainwright, Cardinals rough up Locke in 6-4 victory over Pirates
  9. BVA assistant enjoys ‘special’ part of game
  10. Steelers notebook: Tomlin won’t discuss discipline for Bell, Blount
  11. Leader Times roundup: West Shamokin volleyball team wins 1st match in Class AA
Subscribe today! Click here for our subscription offers.