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Kim Leonard 412-380-5606
Assistant Metro Editor
Pittsburgh Tribune-Review

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Saturday - May 18, 2013

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.

1. Steelers notebook: Slimmed-down Redman optimistic for 2013
2. Steelers quarterback Roethlisberger likes the revamped offense
3. Steelers’ Polamalu trim, fit as he arrives for OTAs
4. Penguins notebook: Morrow sits; Bylsma changes lineup
5. NFL notebook: Urlacher announces retirement
6. Mayoral nominee Peduto plans city hall house-cleaning if he’s elected
7. Coach Tomlin, Steelers facing plenty of questions as OTAs start
8. Rupert wins Democratic nod to run for Armstrong sheriff
9. Steelers notebook: Less talk, more work is Tomlin’s theme
10. Penguins Insider: Time is right for Jokinen’s return
11. Couple accused of abusing adopted kids moving in with parents

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