Universal forecasts earnings at breakeven point in 1st qtr.
Apr 25, 2013 | 02:39 PM
| Daniel Fitzgerald
NEW YORK Universal Stainless & Alloy Products Inc. expects operating earnings and net income to be at "breakeven level" in the first quarter on sales of approximately $49 million.
"While our first-quarter sales increased 4 percent on 8-percent-higher shipment volume compared with the 2012 fourth quarter, production activity levels remain well below normal, reducing our margins," Universal chairman, president and chief executive officer....
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