Universal Stainless’ earnings, sales down in 4th qtr.

Jan 29, 2013 | 02:45 PM | Daniel Fitzgerald

Tags  Universal Stainless & Alloy Products, Dennis Oates, earnings report, Daniel Fitzgerald

NEW YORK — Universal Stainless & Alloy Products Inc. suffered a 24.2-percent drop in sales in the fourth quarter after "an expected pickup in order entry at year-end failed to materialize."

The Bridgeville, Pa.-based company posted sales of $47.15 million for the three months ended Dec. 31 vs. $62.17 million in the same period a year earlier, and net income plunged 74.6 percent to $1.08 million from nearly $4.26 million.....

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