Universal optimistic despite net loss
May 01, 2014 | 05:51 PM
| Rey Mashayekhi
NEW YORK Universal Stainless & Alloy Products Inc. recorded a first-quarter net loss, but improved business conditions have led to higher sales and increased bookings.
The Bridgeville, Pa.-based alloy producer pointed to end market improvement that resulted in sequentially higher shipments to key sectors in the first quarter, including an 8-percent increase in tons shipped to the aerospace market, a 7-percent increase in power generation shipments and an 11-percent increase in oil and gas market shipments. The companys net sales for the....
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