---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009703"
form_type: "8-K"
ticker: null
cik: "0000931584"
company_name: "UNIVERSAL STAINLESS & ALLOY PRODUCTS INC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:53:07.242132+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Universal Stainless reports record 2023 sales $285.9M, net income $4.9M, strong aerospace demand

## Summary
- Full-year 2023 sales $285.9M (+42% YoY); net income $4.9M ($0.53 diluted EPS) vs loss of $8.1M in 2022.
- Q4 sales $79.8M (record); gross margin 16.4% (highest since Q2 2018) despite $1.6M raw material headwind.
- Premium alloy sales $68.1M in 2023 (+74% YoY); aerospace sales $216.1M (+57%), driving record mix.
- Backlog $318.2M with premium alloys 36%; two new VAR furnaces qualified and released into production.
- Total debt reduced to $85.6M from $98.4M at end-2022; managed working capital down to $148.1M.

## SEC filing metadata
- accession: 0001437749-24-009703
- form_type: 8-K
- cik: 0000931584
- company_name: UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931584/000143774924009703/0001437749-24-009703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931584/000143774924009703/usap20240130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009703
- JSON: https://secwatch.observer/filing/0001437749-24-009703.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009703.txt

## Key facts
- Earnings Releases
  UNIVERSAL STAINLESS & ALLOY PRODUCTS INC reported preliminary financial results for the quarter and year ended December 31, 2023.
  - Period: the quarter and year ended December 31, 2023
  - Result: preliminary results
  source text: On March 28, 2024, Universal Stainless & Alloy Products, Inc. (the “Company”) issued a press release including, among other things, certain preliminary financial information for the Company’s quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/931584/000143774924009703/0001437749-24-009703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.