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Universal Stainless & Alloy Products’ outlook revamped

The Tribune-Review
By The Tribune-Review
1 Min Read Oct. 9, 2008 | 18 years Ago
| Thursday, October 9, 2008 12:00 a.m.

Universal Stainless & Alloy Products Inc. of Bridgeville revised its guidance for its third-quarter earnings, lowering its sales projections to about $57 million to $58 million, and earnings per share to 35 cents to 40 cents a share. The revised guidance includes a charge of $586,000, or 6 cents per share, for relocating a round bar finishing facility from Bridgeville to Dunkirk, N.Y. Universal Stainless, which makes semi-finished specialty steel products, had projected in July that its third-quarter sales would be in the range of $60 to $65 million and earnings per share of between 70 cents and 75 cents, after including the estimated relocation charge.


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