Universal Stainless earns $1.1 million profit
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 email@example.com.
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 â 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.