Report released by Universal Stainless & Alloy Products (USAP), showed that in the third quarter, its sales increased both year on year and quarter on quarter, and USAP enjoyed higher profit than the same period of last year 2017.
USAP, located in Bridgeville of Pennsylvania, USA, mainly produces special steel, such as stainless steel, tool steel and other alloy steel.
In the third quarter, the USAP product delivery amounted to 12,385 tons, increasing by 1,246 tons quarter on quarter or 2,556 tons year on year. Its sales income increased by 35.7% year on year or 4.5% quarter on quarter to 69.056 million dollars. Among them, stainless steel sale income increased by 37.1% year on year while decreased by 2% quarter on quarter to 46.754 million dollars; high alloy steel sale incomes totaled to 9.2 million dollars.
Accordingly, the USAP enjoyed 15.1% margin profit rate, higher than that of in the same period of last year but lower than the second quarter; EBITDA increased by 79.5% to 10.127 million dollars; net profit increased to 3.916 million dollars.
(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358) |