Universal Stainless logs loss in 3d qtr., eyes ‘14 recovery

Nov 05, 2013 | 08:36 AM | Rey Mashayekhi

Tags  Universal Stainless & Alloy Products, stainless steel, quarterly earnings, Dennis Oates, Rey Mashayekhi

NEW YORK — Universal Stainless & Alloy Products Inc. remains optimistic despite logging a third-quarter net loss as sales declined due to harsh industry conditions.

"Difficult industry conditions are expected to persist in the fourth quarter; however, 2014 is expected to be a year of recovery in most of our end markets," chairman, president and chief executive officer Dennis Oates said in a statement.....

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