Company research
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
CIK 931584Updated Sep 25, 2026
Filing activity
Latest filing
50 filings on record · SCHEDULE 13G/A, 15-12G, SCHEDULE 13D/A, 4, S-8 POS, 8-K.
Recent filings
SCHEDULE 13G/A - filed by AEGIS FINANCIAL CORP regarding UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
SCHEDULE 13G/A - filed by NEXT CENTURY GROWTH INVESTORS LLC regarding UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
SCHEDULE 13G/A - filed by Minerva Advisors LLC regarding UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
15-12G filing
SCHEDULE 13G/A - filed by VANGUARD GROUP INC regarding UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 356,690,000Source | 363,334,000Source | 330,632,000Source | 303,046,000Source |
| Property, Plant and Equipment, NetUSD | 159,636,000Source | 163,490,000Source | 159,162,000Source | 164,983,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 394,000Source | 2,019,000Source | 118,000Source | 164,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 39,034,000Source | 30,960,000Source | 21,192,000Source | 18,101,000Source |
| Inventory, NetUSD | 144,700,000Source | 154,193,000Source | 140,684,000Source | 111,380,000Source |
| Assets, CurrentUSD | 195,821,000Source | 197,564,000Source | 170,561,000Source | 137,116,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 500,000Source | 700,000Source | 700,000Source |
| Other Assets, NoncurrentUSD | 1,233,000Source | 2,137,000Source | 909,000Source | 947,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 130,648,000Source | 143,581,000Source | 104,311,000Source | 77,366,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — | — |
| Common Stock, Value, IssuedUSD | 9,000Source | 9,000Source | 9,000Source | 9,000Source |
| Additional Paid in CapitalUSD | 98,637,000Source | — | — | — |
| Retained Earnings (Accumulated Deficit)USD | 127,519,000Source | 122,609,000Source | 130,682,000Source | 131,440,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -123,000Source | 133,000Source | 40,000Source | -45,000Source |
| Stockholders' Equity Attributable to ParentUSD | 226,042,000Source | 219,753,000Source | 226,321,000Source | 225,680,000Source |
| Additional Paid in Capital, Common StockUSD | — | 97,002,000Source | 95,590,000Source | 94,276,000Source |
| Liabilities and EquityUSD | 356,690,000Source | 363,334,000Source | 330,632,000Source | 303,046,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 45,909,000Source | 45,500,000Source | 31,638,000Source | 33,893,000Source |
| Operating Lease, Liability, CurrentUSD | — | 262,000Source | — | 265,000Source |
| Accounts Payable, CurrentUSD | 34,855,000Source | 38,179,000Source | 24,000,000Source | 12,632,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 218,000Source | — | 468,000Source |
| Deferred Income Tax Liabilities, NetUSD | 2,000Source | — | 2,461,000Source | 5,725,000Source |
| Other Liabilities, NoncurrentUSD | 2,891,000Source | 3,066,000Source | 3,360,000Source | 4,277,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 2,000Source | — | — | — |
| Long-term DebtUSD | 78,627,000Source | 91,331,000Source | 69,926,000Source | 25,265,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -8,073,000Source | -758,000Source | -19,047,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 19,433,000Source | 19,378,000Source | 19,300,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,336,000Source | 1,289,000Source | 1,121,000Source | 1,455,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 8,074,000Source | 9,768,000Source | 3,091,000Source | -17,494,000Source |
| Increase (Decrease) in InventoriesUSD | -7,785,000Source | 15,078,000Source | 30,986,000Source | -34,326,000Source |
| Increase (Decrease) in Accounts PayableUSD | -2,900,000Source | 10,507,000Source | 10,986,000Source | -25,282,000Source |
| Deferred Income Tax Expense (Benefit)USD | 215,000Source | -2,695,000Source | -3,288,000Source | -5,231,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 25,231,000Source | -8,936,000Source | -17,969,000Source | 23,811,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -13,026,000Source | -12,096,000Source | -11,105,000Source | -9,157,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 13,026,000Source | 12,096,000Source | 11,105,000Source | 9,157,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -13,830,000Source | 22,933,000Source | 29,028,000Source | -14,660,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 0Source | 1,804,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,625,000Source | 1,901,000Source | -46,000Source | -6,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 8,223,000Source | 3,985,000Source | 1,980,000Source | 2,885,000Source |
| Income Taxes Paid, NetUSD | 5,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 200,000Source | 200,000Source | 200,000Source | 200,000Source |
| DepreciationUSD | 17,300,000Source | 17,400,000Source | 17,300,000Source | 17,500,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | 2,800,000Source | 2,800,000Source | 2,800,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | — | 10,000,000Source | — |
| Income Tax Expense (Benefit)USD | 398,000Source | -2,624,000Source | -3,283,000Source | -5,247,000Source |
| Net Income (Loss) Attributable to ParentUSD | 4,910,000Source | -8,073,000Source | -758,000Source | -19,047,000Source |
| Other Nonoperating Income (Expense)USD | -34,000Source | 684,000Source | 445,000Source | 1,123,000Source |
| Payments of Financing CostsUSD | 0Source | 130,000Source | 539,000Source | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | 93,000Source | 85,000Source | -14,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 285,943,000Source | 202,114,000Source | 155,934,000Source | 179,731,000Source |
| Cost of RevenueUSD | 244,404,000Source | 187,927,000Source | 147,963,000Source | 182,387,000Source |
| Selling, General and Administrative ExpenseUSD | 27,783,000Source | 21,180,000Source | 20,243,000Source | 19,752,000Source |
| Operating Income (Loss)USD | 13,756,000Source | -6,993,000Source | -12,272,000Source | -22,408,000Source |
| Other Nonoperating Income (Expense)USD | -34,000Source | 684,000Source | 445,000Source | 1,123,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 5,308,000Source | -10,697,000Source | -4,041,000Source | -24,294,000Source |
| Income Tax Expense (Benefit)USD | 398,000Source | -2,624,000Source | -3,283,000Source | -5,247,000Source |
| Net Income (Loss) Attributable to ParentUSD | 4,910,000Source | -8,073,000Source | -758,000Source | -19,047,000Source |
| Earnings Per Share, BasicUSD per share | 0.54Source | -0.9Source | -0.09Source | -2.16Source |
| Earnings Per Share, DilutedUSD per share | 0.53Source | -0.9Source | -0.09Source | -2.16Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 9,086,004Source | 8,972,468Source | 8,907,908Source | 8,818,974Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 9,278,569Source | 8,972,468Source | 8,907,908Source | 8,818,974Source |
| Additional Financial Items | ||||
| Cost of Property Repairs and MaintenanceUSD | — | 21,600,000Source | 16,700,000Source | 15,900,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | 19,378,000Source | 19,300,000Source | 19,449,000Source |
| Gross ProfitUSD | 41,539,000Source | 14,187,000Source | 7,971,000Source | -2,656,000Source |
| Interest ExpenseUSD | 8,414,000Source | 4,388,000Source | 2,214,000Source | 3,009,000Source |
| Other Cost and Expense, OperatingUSD | — | — | — | 4,900,000Source |