Income Statement Universal Stainless & Alloy Products, Inc.

Stocks

USAP

US9138371003

Iron & Steel

Market Closed - Nasdaq 01:00:00 23/01/2025 +04			5-day change	1st Jan Change
44.99 ^USD	+0.92%		-.--%	-

27/01/25	Universal Stainless & Alloy Products, Inc.(NasdaqGS:USAP) dropped from S&P Global BMI Index	CI
27/01/25	Universal Stainless & Alloy Products, Inc.(NasdaqGS:USAP) dropped from S&P TMI Index	CI

38fd03f0.ByhUkoY4fbYG4KAHraoU628BCzv--cdbEGd7gNujALQ.SEUSwb5WO91VhtdR6vVjgggyM1C4k41udFED9b3tOd5dUDnU6mwvwUKhzw

Published financial data: UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Revenues	243M	180M	156M	202M	286M
Total Revenues	243M	180M	156M	202M	286M
Cost of Goods Sold, Total	215M	169M	142M	188M	244M
Gross Profit	27.64M	10.54M	14.07M	14.19M	41.54M
Selling General & Admin Expenses, Total	19.75M	19.25M	19.74M	21.18M	27.78M
Depreciation & Amortization - (IS)	600K	500K	500K	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	20.35M	19.75M	20.24M	21.18M	27.78M
Operating Income	7.29M	-9.21M	-6.17M	-6.99M	13.76M
Interest Expense, Total	-3.99M	-3.01M	-2.21M	-4.39M	-8.41M
Net Interest Expenses	-3.99M	-3.01M	-2.21M	-4.39M	-8.41M
Other Non Operating Income (Expenses)	74K	1.12M	445K	684K	-34K
EBT, Excl. Unusual Items	3.37M	-11.09M	-7.94M	-10.7M	5.31M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	400K	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-13.2M	3.9M	-	-
EBT, Incl. Unusual Items	3.77M	-24.29M	-4.04M	-10.7M	5.31M
Income Tax Expense	-502K	-5.25M	-3.28M	-2.62M	398K
Earnings From Continuing Operations	4.28M	-19.05M	-758K	-8.07M	4.91M
Net Income to Company	4.28M	-19.05M	-758K	-8.07M	4.91M
Net Income - (IS)	4.28M	-19.05M	-758K	-8.07M	4.91M
Net Income to Common Incl Extra Items	4.28M	-19.05M	-758K	-8.07M	4.91M
Net Income to Common Excl. Extra Items	4.28M	-19.05M	-758K	-8.07M	4.91M
Per Share Items
Net EPS - Basic	0.49	-2.16	-0.09	-0.9	0.54
Basic EPS - Continuing Operations	0.49	-2.16	-0.09	-0.9	0.54
Basic Weighted Average Shares Outstanding	8.78M	8.82M	8.91M	8.97M	9.09M
Net EPS - Diluted	0.48	-2.16	-0.09	-0.9	0.53
Diluted EPS - Continuing Operations	0.48	-2.16	-0.09	-0.9	0.53
Diluted Weighted Average Shares Outstanding	8.87M	8.82M	8.91M	8.97M	9.28M
Normalized Basic EPS	0.24	-0.79	-0.56	-0.75	0.37
Normalized Diluted EPS	0.24	-0.79	-0.56	-0.75	0.36
Supplemental Items
EBITDA	23.9M	8.32M	11.2M	10.56M	33.19M
EBITA	7.29M	-9.21M	-6.17M	-6.99M	13.76M
EBIT	7.29M	-9.21M	-6.17M	-6.99M	13.76M
Effective Tax Rate - (Ratio)	-13.3	21.6	81.24	24.53	7.5
Current Domestic Taxes	15K	-16K	5K	4K	185K
Total Current Taxes	15K	-16K	5K	4K	185K
Deferred Domestic Taxes	-517K	-5.23M	-3.29M	-2.63M	213K
Total Deferred Taxes	-517K	-5.23M	-3.29M	-2.63M	213K
Normalized Net Income	2.11M	-6.93M	-4.96M	-6.69M	3.32M
Supplemental Operating Expense Items
Maintenance & Repair Expenses, Total	19.7M	15.9M	16.7M	21.6M	23.5M
Stock-Based Comp., SG&A Exp. (Total)	1.39M	1.46M	1.12M	1.29M	1.34M
Total Stock-Based Compensation	1.39M	1.46M	1.12M	1.29M	1.34M

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Assets
Cash And Equivalents	170K	164K	118K	2.02M	394K
Total Cash And Short Term Investments	170K	164K	118K	2.02M	394K
Accounts Receivable, Total	35.6M	18.1M	21.19M	30.96M	39.03M
Total Receivables	35.6M	18.1M	21.19M	30.96M	39.03M
Inventory	147M	111M	141M	154M	145M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	8.3M	7.47M	8.57M	10.39M	11.69M
Total Current Assets	191M	137M	171M	198M	196M
Gross Property Plant And Equipment	350M	357M	368M	390M	403M
Accumulated Depreciation	-173M	-191M	-208M	-226M	-243M
Net Property Plant And Equipment	177M	166M	160M	164M	160M
Goodwill	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	143K	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	271K	247K	209K	1.64M	1.03M
Total Assets	368M	303M	331M	363M	357M
Liabilities
Accounts Payable, Total	40.91M	12.63M	24M	38.18M	34.86M
Accrued Expenses, Total	4.45M	1.83M	4.3M	2.79M	6.49M
Current Portion of Long-Term Debt	3.43M	16.43M	2.14M	2.37M	2.39M
Current Portion of Leases	715K	549K	559K	1.31M	1.52M
Other Current Liabilities	622K	2.46M	633K	850K	661K
Total Current Liabilities	50.12M	33.89M	31.64M	45.5M	45.91M
Long-Term Debt	59.89M	32.68M	66.32M	89.4M	76.68M
Long-Term Leases	953K	1.25M	885K	5.84M	5.22M
Deferred Tax Liability Non Current	10.96M	5.72M	2.46M	-	2K
Other Non Current Liabilities	3.33M	3.81M	3.01M	2.85M	2.84M
Total Liabilities	125M	77.37M	104M	144M	131M
Common Stock, Total	9K	9K	9K	9K	9K
Additional Paid In Capital	94.98M	94.28M	95.59M	97M	98.64M
Retained Earnings	150M	131M	131M	123M	128M
Treasury Stock	-2.31M	-	-	-	-
Comprehensive Income and Other	-31K	-45K	40K	133K	-123K
Total Common Equity	243M	226M	226M	220M	226M
Total Equity	243M	226M	226M	220M	226M
Total Liabilities And Equity	368M	303M	331M	363M	357M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.79M	8.88M	8.94M	9.05M	9.19M
ECS Total Common Shares Outstanding	8.8M	8.88M	8.94M	9.05M	9.19M
Book Value / Share	27.63	25.4	25.32	24.28	24.61
Tangible Book Value	243M	226M	226M	220M	226M
Tangible Book Value Per Share	27.63	25.4	25.32	24.28	24.61
Total Debt	64.99M	50.92M	69.9M	98.91M	85.8M
Net Debt	64.82M	50.75M	69.79M	96.9M	85.41M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	9.82M	9.29M	12.26M	14.89M	15.12M
Inventories - Work In Process, Total	128M	94.93M	122M	130M	117M
Inventories - Others	13.09M	11.5M	10.62M	13.22M	15.97M
Land - (BS)	7.85M	7.85M	8.07M	8.09M	8.13M
Buildings, Total	50.97M	52.16M	52.87M	53.33M	53.81M
Machinery, Total	281M	291M	301M	315M	325M
Full Time Employees	795	566	558	622	678
Accumulated Allowance for Doubtful Accounts (Supple)	295K	203K	201K	201K	34K
Order Backlog	119M	48M	134M	288M	318M

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Net Income	4.28M	-19.05M	-758K	-8.07M	4.91M
Depreciation & Amortization - CF	16.61M	17.52M	17.38M	17.55M	19.43M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	16.61M	17.52M	17.38M	17.55M	19.43M
Amortization of Deferred Charges, Total - (CF)	227K	225K	225K	225K	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	1.39M	1.46M	1.12M	1.29M	1.34M
Other Operating Activities, Total	1.78M	-3.53M	-11.59M	-1.1M	215K
Change In Accounts Receivable	-2.98M	17.49M	-3.09M	-9.77M	-8.07M
Change In Inventories	-14.96M	34.33M	-30.99M	-15.08M	7.78M
Change In Accounts Payable	-1.41M	-25.28M	10.99M	10.51M	-2.9M
Change In Income Taxes	84K	243K	-3K	3K	-
Change in Other Net Operating Assets	-9.42M	404K	-1.25M	-4.5M	2.53M
Cash from Operations	-4.41M	23.81M	-17.97M	-8.94M	25.23M
Capital Expenditure	-17.35M	-9.16M	-11.1M	-12.1M	-13.03M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-17.35M	-9.16M	-11.1M	-12.1M	-13.03M
Long-Term Debt Issued, Total	175M	126M	143M	148M	-
Total Debt Issued	175M	126M	143M	148M	-
Long-Term Debt Repaid, Total	-158M	-141M	-113M	-127M	-14.13M
Total Debt Repaid	-158M	-141M	-113M	-127M	-14.13M
Issuance of Common Stock	471K	150K	193K	123K	299K
Other Financing Activities, Total	-	-	-539K	1.67M	-
Cash from Financing	17.84M	-14.66M	29.03M	22.93M	-13.83M
Net Change in Cash	-3.92M	-6K	-46K	1.9M	-1.62M
Supplemental Items
Cash Interest Paid	3.67M	2.88M	1.98M	3.98M	8.22M
Cash Income Tax Paid (Refund)	69K	-213K	7K	2K	5K
Levered Free Cash Flow	-26.52M	27.48M	-19.36M	-12.67M	11.13M
Unlevered Free Cash Flow	-24.25M	29.14M	-18.2M	-10.15M	16.39M
Change In Net Working Capital	29.45M	-25.07M	21.74M	12.53M	-45K
Net Debt Issued / Repaid	17.37M	-14.81M	29.37M	21.14M	-14.13M

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Profitability
Return on Assets	1.26	-1.71	-1.22	-1.26	2.39
Return on Total Capital	1.54	-1.97	-1.35	-1.42	2.73
Return On Equity %	1.78	-8.13	-0.34	-3.62	2.2
Return on Common Equity	1.78	-8.13	-0.34	-3.62	2.2
Margin Analysis
Gross Profit Margin %	11.37	5.87	9.02	7.02	14.53
SG&A Margin	8.13	10.71	12.66	10.48	9.72
EBITDA Margin %	9.83	4.63	7.18	5.22	11.61
EBITA Margin %	3	-5.12	-3.96	-3.46	4.81
EBIT Margin %	3	-5.12	-3.96	-3.46	4.81
Income From Continuing Operations Margin %	1.76	-10.6	-0.49	-3.99	1.72
Net Income Margin %	1.76	-10.6	-0.49	-3.99	1.72
Net Avail. For Common Margin %	1.76	-10.6	-0.49	-3.99	1.72
Normalized Net Income Margin	0.87	-3.86	-3.18	-3.31	1.16
Levered Free Cash Flow Margin	-10.91	15.29	-12.42	-6.27	3.89
Unlevered Free Cash Flow Margin	-9.98	16.21	-11.67	-5.02	5.73
Asset Turnover
Asset Turnover	0.67	0.54	0.49	0.58	0.79
Fixed Assets Turnover	1.37	1.05	0.96	1.25	1.77
Receivables Turnover (Average Receivables)	7.12	6.69	7.94	7.75	8.17
Inventory Turnover (Average Inventory)	1.53	1.31	1.13	1.27	1.64
Short Term Liquidity
Current Ratio	3.82	4.05	5.39	4.34	4.27
Quick Ratio	0.71	0.54	0.67	0.72	0.86
Operating Cash Flow to Current Liabilities	-0.09	0.7	-0.57	-0.2	0.55
Days Sales Outstanding (Average Receivables)	51.23	54.67	45.99	47.09	44.67
Days Outstanding Inventory (Average Inventory)	239.08	279.91	324.27	286.36	223.19
Average Days Payable Outstanding	68.26	73.58	39.06	56.33	56.74
Cash Conversion Cycle (Average Days)	222.05	261	331.2	277.12	211.12
Long Term Solvency
Total Debt/Equity	26.73	22.56	30.89	45.01	37.96
Total Debt / Total Capital	21.09	18.41	23.6	31.04	27.51
LT Debt/Equity	25.02	15.04	29.69	43.34	36.23
Long-Term Debt / Total Capital	19.75	12.27	22.69	29.88	26.26
Total Liabilities / Total Assets	34	25.53	31.55	39.52	36.63
EBIT / Interest Expense	1.83	-3.06	-2.79	-1.59	1.63
EBITDA / Interest Expense	5.99	2.76	5.06	2.41	3.94
(EBITDA - Capex) / Interest Expense	1.64	-0.28	0.04	-0.35	2.4
Total Debt / EBITDA	2.72	6.12	6.24	9.37	2.59
Net Debt / EBITDA	2.71	6.1	6.23	9.18	2.57
Total Debt / (EBITDA - Capex)	9.93	-60.54	713.32	-64.4	4.26
Net Debt / (EBITDA - Capex)	9.91	-60.35	712.11	-63.08	4.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.05	-26.04	-13.24	29.62	41.48
Gross Profit, 1 Yr. Growth %	-26.91	-61.85	149.31	0.82	192.8
EBITDA, 1 Yr. Growth %	-26.32	-65.2	227.96	-5.74	167.98
EBITA, 1 Yr. Growth %	-54.63	-226.29	-56.25	13.3	-296.71
EBIT, 1 Yr. Growth %	-54.63	-226.29	-56.25	13.3	-296.71
Earnings From Cont. Operations, 1 Yr. Growth %	-59.9	-545.54	-96.02	965.04	-160.82
Net Income, 1 Yr. Growth %	-59.9	-545.54	-96.02	965.04	-160.82
Normalized Net Income, 1 Yr. Growth %	-71.65	-428.91	-50.35	34.71	-149.62
Diluted EPS Before Extra, 1 Yr. Growth %	-62.5	-550	-95.83	900	-158.89
Accounts Receivable, 1 Yr. Growth %	9.13	-49.15	17.08	46.09	26.08
Inventory, 1 Yr. Growth %	9.4	-24.44	26.31	9.6	-6.16
Net Property, Plant and Equip., 1 Yr. Growth %	-0.67	-5.89	-3.1	3.03	-2.53
Total Assets, 1 Yr. Growth %	4.27	-17.74	9.1	9.89	-1.83
Tangible Book Value, 1 Yr. Growth %	2.58	-7.18	0.28	-2.9	2.86
Common Equity, 1 Yr. Growth %	2.58	-7.18	0.28	-2.9	2.86
Cash From Operations, 1 Yr. Growth %	-126.55	-640.05	-175.47	-50.27	-382.35
Capital Expenditures, 1 Yr. Growth %	12.78	-47.23	21.27	8.92	7.69
Levered Free Cash Flow, 1 Yr. Growth %	120K	-204.45	-178.44	-33.49	-202.94
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.11K	-221.19	-169.11	-43.25	-303.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.51	-16.2	-19.89	6.04	35.42
Gross Profit, 2 Yr. CAGR %	9.54	-47.2	-28.65	58.54	71.82
EBITDA, 2 Yr. CAGR %	7.43	-49.36	-31.53	75.82	59
EBITA, 2 Yr. CAGR %	31.18	-24.3	-7.99	-29.6	49.29
EBIT, 2 Yr. CAGR %	31.18	-24.3	-7.99	-29.6	49.29
Earnings From Cont. Operations, 2 Yr. CAGR %	-25.05	33.66	-57.89	-34.9	154.51
Net Income, 2 Yr. CAGR %	-25.05	33.66	-57.89	-34.9	154.51
Normalized Net Income, 2 Yr. CAGR %	1.84K	-3.43	45.08	-18.22	-18.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-31.73	29.9	-56.7	-35.45	142.67
Accounts Receivable, 2 Yr. CAGR %	19.35	-25.51	-22.84	30.78	35.72
Inventory, 2 Yr. CAGR %	12.4	-9.08	-2.31	17.66	1.42
Net Property, Plant and Equip., 2 Yr. CAGR %	0.63	-3.48	-4.71	-0.3	0.21
Total Assets, 2 Yr. CAGR %	7.09	-7.39	-5.26	9.5	3.87
Tangible Book Value, 2 Yr. CAGR %	12.63	-2.42	-3.52	-1.32	-0.06
Common Equity, 2 Yr. CAGR %	12.63	-2.42	-3.52	-1.32	-0.06
Cash From Operations, 2 Yr. CAGR %	99.75	19.74	101.88	-38.74	18.5
Capital Expenditures, 2 Yr. CAGR %	47.32	-22.86	-20.01	14.93	8.3
Levered Free Cash Flow, 2 Yr. CAGR %	99.71	3.43K	-14.22	-28.35	-19.92
Unlevered Free Cash Flow, 2 Yr. CAGR %	139.41	247.58	-12.99	-37.91	1.3
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.31	-3.92	-15.22	-5.96	16.74
Gross Profit, 3 Yr. CAGR %	26.94	-22.93	-28.07	-19.93	94.52
EBITDA, 3 Yr. CAGR %	23.4	-26.22	-29.84	-23.83	113.38
EBITA, 3 Yr. CAGR %	22.47	29.53	-27.31	-1.38	-0.84
EBIT, 3 Yr. CAGR %	22.47	29.53	-27.31	-1.38	-0.84
Earnings From Cont. Operations, 3 Yr. CAGR %	-7.19	35.77	-58.57	23.6	-36.36
Net Income, 3 Yr. CAGR %	-7.19	35.77	-58.57	23.6	-36.36
Normalized Net Income, 3 Yr. CAGR %	-27.56	972.22	-12.61	41.53	-30.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-13.57	28	-58.73	23.31	-37.4
Accounts Receivable, 3 Yr. CAGR %	22.35	-10.19	-13.39	-4.54	29.2
Inventory, 3 Yr. CAGR %	17.29	-1.53	1.45	1.51	9.12
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.06	-1.7	-3.49	-2.34	-1.05
Total Assets, 3 Yr. CAGR %	7.56	-1.92	-2.19	-0.46	5.58
Tangible Book Value, 3 Yr. CAGR %	10.29	5.6	-1.53	-3.31	0.05
Common Equity, 3 Yr. CAGR %	10.29	5.6	-1.53	-3.31	0.05
Cash From Operations, 3 Yr. CAGR %	-19.35	178.27	2.66	26.55	1.95
Capital Expenditures, 3 Yr. CAGR %	58.29	4.62	-10.3	-11.34	12.47
Levered Free Cash Flow, 3 Yr. CAGR %	47.16	60.48	858.29	-21.62	-23.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	33.35	90.25	96.15	-24.97	-14.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.4	-0.1	0.19	-0.05	2.24
Gross Profit, 5 Yr. CAGR %	-2.9	1.9	0.81	-9.24	1.9
EBITDA, 5 Yr. CAGR %	-1.77	5.28	-2.5	-12.6	0.46
EBITA, 5 Yr. CAGR %	-7.73	-1.26	9.23	10.54	-3.06
EBIT, 5 Yr. CAGR %	-7.73	-1.26	9.23	10.54	-3.06
Earnings From Cont. Operations, 5 Yr. CAGR %	1.09	-1.62	-32.34	1.19	-14.37
Net Income, 5 Yr. CAGR %	1.09	-1.62	-32.34	1.19	-14.37
Normalized Net Income, 5 Yr. CAGR %	-14.07	-2.74	-2.2	312.1	-14.91
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.38	-5.88	-34.44	-2.66	-16.17
Accounts Receivable, 5 Yr. CAGR %	4.14	0.47	1.74	4.38	3.66
Inventory, 5 Yr. CAGR %	7.84	5.96	9.02	5.74	1.44
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.43	-3.06	-2.6	-1.23	-2.11
Total Assets, 5 Yr. CAGR %	0.75	0.38	2.23	2.49	0.19
Tangible Book Value, 5 Yr. CAGR %	5.81	4.06	4.55	2.77	-0.94
Common Equity, 5 Yr. CAGR %	3.61	4.06	4.55	2.77	-0.94
Cash From Operations, 5 Yr. CAGR %	-19.31	4.43	16.41	51.9	8.72
Capital Expenditures, 5 Yr. CAGR %	9.21	-0.84	20.47	8.63	-3.28
Levered Free Cash Flow, 5 Yr. CAGR %	16.01	14.09	18.4	13.77	247.37
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.18	13.52	12.22	19.13	46.7