Universal stainless & alloy products inc (USAP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

58,494

55,171

56,568

70,997

60,271

57,063

69,056

66,071

63,737

-

50,887

52,607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

48,875

-

39,651

41,030

39,594

31,696

43,371

49,610

55,983

52,958

53,626

52,309

46,667

40,286

48,460

42,887

49,135

47,150

61,360

67,866

74,614

62,168

67,299

63,318

59,811

51,870

51,291

Cost of products sold

53,585

49,317

51,260

61,891

52,901

50,639

58,631

54,376

54,465

44,115

45,423

45,441

44,630

31,060

34,917

36,691

38,253

32,587

43,781

44,424

50,273

44,049

44,983

43,899

40,607

38,798

46,022

37,579

44,489

41,183

52,023

56,296

60,339

50,264

54,725

51,146

49,013

41,555

41,594

Gross margin

4,909

5,854

5,308

9,106

7,370

6,424

10,425

11,695

9,272

6,159

5,464

7,166

4,245

3,099

4,734

4,339

1,341

-891

-410

5,186

5,710

8,909

8,643

8,410

6,060

1,488

2,438

5,308

4,646

-

9,337

11,570

-

-

-

-

-

-

-

Selling, general and administrative expenses

5,908

5,252

4,525

5,604

4,966

5,559

5,131

5,849

5,207

5,121

4,448

4,499

4,729

4,549

4,504

4,591

3,838

4,533

5,218

4,961

4,694

5,805

5,520

5,169

4,628

4,070

4,467

4,869

4,479

4,478

4,422

4,263

4,583

4,870

5,343

3,697

3,830

4,001

3,291

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

-

-

-

-

-

-

-

-

Operating (loss) income

-999

602

783

3,502

2,404

865

5,294

5,846

4,065

1,038

1,016

2,667

-484

-1,450

230

-252

-2,497

-5,424

-25,896

225

1,016

3,104

3,123

3,241

1,432

-2,582

-2,029

439

167

1,752

4,652

7,307

9,692

7,013

7,231

8,475

6,968

6,314

6,406

Interest expense and other financing costs

952

1,012

1,045

1,022

913

862

966

1,268

1,206

1,068

1,122

1,084

1,003

992

924

948

1,810

710

633

765

782

825

949

1,042

863

764

752

837

689

668

602

618

704

569

609

118

125

126

112

Other (income) expense, net

17

53

452

-10

-21

139

48

599

43

6

23

14

6

-20

-118

-39

-53

-

-

11

-44

-21

-4

-1

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-1,934

-357

190

2,470

1,470

142

4,376

5,177

2,902

-24

-83

1,597

-1,481

-2,462

-812

-1,239

-4,360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

418

35

28

51

28

38

23

-

45

143

-

10

1

Loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,584

-529

190

-

2,170

2,198

573

-3,346

-2,363

-363

-494

1,135

4,078

6,727

9,011

6,468

6,667

8,500

6,843

6,198

6,295

(Benefit) provision for income taxes

-523

-557

-577

384

248

-441

460

1,139

777

-7,884

176

369

-262

-877

-292

-437

-1,920

-2,497

-9,539

-173

65

553

775

749

1,072

-477

-652

-841

-534

54

1,333

2,222

2,725

2,212

2,774

2,975

2,395

2,107

2,140

Net (loss) income

-1,411

200

767

2,086

1,222

583

3,916

4,038

2,125

7,860

-259

1,228

-1,219

-1,585

-520

-802

-2,440

-3,396

-17,045

-356

125

1,705

1,395

1,449

-499

-2,869

-1,711

478

40

1,081

2,745

4,505

6,286

4,256

3,893

5,525

4,448

4,091

4,155

Net (loss) income per common share - Basic

-0.16

0.02

0.09

0.24

0.14

0.07

0.45

0.52

0.29

1.09

-0.04

0.17

-0.17

-0.22

-0.07

-0.11

-0.34

-0.48

-2.41

-0.05

0.02

0.24

0.20

0.21

-0.07

-0.41

-0.25

0.07

0.01

0.15

0.40

0.66

0.92

0.62

0.57

0.81

0.65

0.60

0.61

Net (loss) income per common share - Diluted

-0.16

0.02

0.09

0.24

0.14

0.07

0.44

0.50

0.28

1.07

-0.04

0.17

-0.17

-0.22

-0.07

-0.11

-0.34

-0.48

-2.41

-0.05

0.02

0.24

0.20

0.20

-0.07

-0.40

-0.25

0.06

0.01

0.16

0.38

0.62

0.86

0.58

0.55

0.79

0.64

0.60

0.61

Weighted average shares of common stock outstanding
Basic

8,801

8,792

8,787

8,773

8,761

8,750

8,699

7,817

7,261

7,238

7,228

7,219

7,216

7,207

7,206

7,196

7,162

7,092

7,070

7,061

7,054

7,040

7,039

7,031

7,014

6,977

6,960

6,940

6,924

6,908

6,877

6,863

6,848

7,470

6,831

6,821

6,183

6,785

6,774

Diluted

8,801

8,907

8,879

8,847

8,860

8,868

8,952

8,076

7,492

7,694

7,228

7,360

7,216

7,207

7,206

7,196

7,162

7,053

7,070

7,061

7,093

6,800

7,539

7,110

7,014

6,293

6,960

7,485

7,063

7,483

7,433

7,465

7,433

7,405

7,202

6,995

6,952

6,856

6,853