Universal Stainless expects lower fourth-quarter results
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Authorities release name of Greensburg man who jumped off overpass onto Route 30
- Operating loss widens at Highmark parent
- Jury deliberating in dispute over origin of Heinz ‘Dip & Squeeze’ ketchup package
- Starkey: Penguins’ season impressive so far
- District attorney will review grand jury’s report on AG Kane
- Controversial McKeesport building destroyed by fire
- VA, police looking into suicide by veteran outside O’Hara facility
- Penguins a love affair for Evancho sisters
- Pitt football team working to fatten up QB sack total on defense
- Police mum on Rostraver house probe
- Big names highlight Three Rivers Arts Festival’s 2015 musical lineup