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.

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Energy sector adjusts to global oil plummet
  2. Agriculture prospects envisioned in Cuba
  3. ‘Staff Pick’ is golden ticket on Kickstarter
  4. Kim Komando: Can you get a virus on your smartphone?
  5. Mind the time: Optimize last-minute shopping
  6. Diane Stafford: Consider digital footprint
  7. 3 tips to use up health account funds
  8. Makers of wine corks have lost ground to screw tops
  9. Don’t stop job hunt in December
  10. EPA says it won’t regulate coal ash as hazardous waste
  11. Drought opens Texas ranchers’ eyes to income options
Subscribe today! Click here for our subscription offers.