Lower stainless orders set to continue: Universal

Oct 24, 2012 | 05:25 PM | Thorsten Schier

Tags  Universal Stainless, Dennis Oates, stainless, aerospace, North Jackson, Thorsten Schier

EDITOR'S NOTE: Universal Stainless subsequently restated its earnings results due to an invoice error (amm.com, Nov. 5).

NEW YORK — Universal Stainless & Alloy Products Inc. anticipates order entry levels during the fourth quarter to mimic the expected lower numbers seen during the third quarter.

"I would look at the last couple of months and expect that to continue—choppy up and down but basically sideways," chairman, president and chief executive officer Dennis Oates said during the Bridgeville, Pa.-based company’s third-quarter earnings call Wednesday.....

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