Universal Stainess announced preliminary results for the first quarter

Universal Stainess & Allloy Products, Inc announced that, according to preliminary results, it is expected that sales for the first quarter of 2013 will amount to $ 49 million. Operational income and net profits promise to be breaking. The company plans to publish the final results of the first quarter, on Wednesday, May 1, 2013.

Chairman, President and Chief Executive Director of Mr. Dennis OUTS noted that "while our sales in the first quarter grew by 4%, the volume of shipment compared to the 4th quarter of 2012 and the level of production activity remains lower than the norm, which reduces our margin. In addition, the operational costs associated with the commissioning of the equipment of our facility North have increased. Jackson ". He added: "We still expect that the restoration of demand in the market will be gradual. At the same time, we begin to receive orders from customers, which is an important step for realizing the significant potential of North Jackson and get higher profits."

Universal Stainless & Allloy Products, Inc with headquarters in Pittsburgh, Pennsylvania, produces and sells semi-finished products and ready-made special steel, including stainless, instrumental and some alloy steels. The company's products are used in various industries, including aerospace, energy, petrochemical industries.

Production equipment operating since 1994, experience and technical knowledge is used by the company in order to provide customers with the best quality and service.