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Universal Stainless Reports Preliminary First Quarter 2015 Results

2015-04-22 02:19:03| Steel - Topix.net

Universal Stainless & Alloy Products, Inc. announced today that, based on preliminary results, it expects net sales for the first quarter of 2015 to approximate $56 million, representing a 20% increase from the first quarter of 2014 and up 6% sequentially. Despite this strong top-line performance, the Company's gross margin and operating income were negatively impacted by a misalignment of surcharges and raw material costs due to a further decline in nickel and other commodities including a sudden drop in the price of iron scrap.

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