TribLIVE

| Business


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

Universal Stainless earns $1.1 million profit

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

Tuesday, Jan. 29, 2013, 10:04 a.m.
 

Universal Stainless & Alloy Products inc. reported a profit of $1.1 million for the fourth quarter, down 75 percent from a year ago.

The Bridgeville-based specialty steelmaker said Tuesday its earnings of 16 cents a share are in line with recent guidance, and factor in expenses amounting to 12 cents a share to ramp up a North Jackson, Ohio, plant that makes nickel alloy, stainless and low-alloy steels

A year ago, the company had a $4.26 million profit, or 59 cents a share. Revenue fell 34 percent to $34.47 million.

For the full year, the company made a $14.62 million profit, or $2.02, on $195.32 million in sales. That's down from $18.12 million, or $2.56, on $202 million in revenue for 2011.

Kim Leonard is a staff writer for Trib Total Media. She can be reached at 412-380-5606 or kleonard@tribweb.com.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Big banks’ levels of capital strong, Federal Reserve finds
  2. Wolf reverses Corbett, says deal between Highmark, UPMC doesn’t limit continuity of care to very ill
  3. AbbVie to buy leukemia drugmaker Pharmacyclics for $21 billion
  4. Oakland firm Qualaris Healthcare’s software saves time in hospitals
  5. Lower tax rate to help Mylan extend buying spree
  6. Americans see improved job market but a vulnerable economy, Pew poll finds
  7. Race toward bigger phones eases
  8. Researchers: U.S. lacks proving ground for nuclear energy innovations
  9. IPO might test Etsy’s approach to commerce
  10. Stocks snap losing streak as ECB reveals stimulus start date
  11. Construction picks up, but workers hard to find