Aerospace, tool steel demand lift Universal Stainless' 3d-qtr. profits
Oct 20, 2005 | 08:28 AM
Strong demand from the aerospace, power generation, petrochemical and tool steel markets helped Universal Stainless & Alloy Products Inc., Bridgeville, Pa., post a 19.8-percent increase in net income during the third quarter compared with the like quarter last year.UNIVERSAL STAINLESS & ALLOY PRODUCTS INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$43,097$33,297Net income$3,289$2,745Per share0.510.439 months ended Sept. 30Net sales$127,979$83,630Net income$9,480$4,538Per share1.470.71Sales increased 29.4 percent in the same comparison.....
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