Universal Stainless & Alloy Products INC

Market Movers (8-K)

Universal Stainless & Alloy Products, Inc. has been acquired by Aperam S.A. for $45.00 per share in an all-cash transaction, marking the completion of the merger announced on October 17, 2024.
Universal Stainless & Alloy Products, Inc. announced record net sales and net income for the third quarter of 2024, driven by strong aerospace demand.
Better than expected
Universal Stainless & Alloy Products has agreed to be acquired by Aperam for $45 per share in an all-cash transaction, representing a 19% premium to the three-month volume-weighted average stock price.
Better than expected
Universal Stainless & Alloy Products, Inc. announced record net sales and profitability for the second quarter of 2024, driven by strong aerospace demand and strategic margin improvements.
Better than expected
Universal Stainless & Alloy Products has successfully negotiated a new five-year collective bargaining agreement with union employees at its North Jackson, Ohio facility.
Universal Stainless & Alloy Products has extended its labor contract with the United Steelworkers at its North Jackson facility to July 31, 2024, to allow for further negotiations.

Quarterly Earnings (10-Q)

Universal Stainless & Alloy Products achieved record sales of $87.3 million in the third quarter of 2024, alongside a significant increase in profitability, while also announcing a merger agreement with Aperam S.A.
Better than expected
Universal Stainless & Alloy Products achieved record sales and gross margin in the second quarter of 2024, driven by strong demand in the aerospace sector.
Better than expected
Universal Stainless & Alloy Products reported a strong first quarter in 2024, with sales reaching the second-highest level in company history, driven by robust demand in the aerospace sector.
Better than expected

Annual Reports (10-K)

Universal Stainless & Alloy Products, Inc. has filed its annual 10-K report, revealing a net income of $4.9 million for 2023 but also identifying material weaknesses in its internal control over financial reporting.
Worse than expected

Insider Trading (Form 4)

Following the merger of Universal Stainless & Alloy Products Inc. with Aperam US Absolute LLC, Executive VP Graham McIntosh disposed of shares and stock options, receiving cash consideration as per the merger agreement.
Following the merger with Aperam US Holdco LLC, Universal Stainless & Alloy Products' CFO, Steven DiTommaso, reports the disposition of shares and stock options as per the merger agreement.
Wendel Crosby, V.P. of Manufacturing at Universal Stainless & Alloy Products Inc., reports the disposition of shares and stock options due to the merger with Aperam US Holdco LLC, where each share was converted to $45.00 in cash.
John Arminas, V.P., General Counsel & Secretary of Universal Stainless & Alloy Products Inc., reports the disposition of shares and derivative securities following the merger with Aperam US Absolute LLC, where each share was converted into $45.00 in cash.
Director Udi Toledano reports the disposition of shares and stock options in Universal Stainless & Alloy Products following the completion of a merger with Aperam US Holdco LLC.
Director Dennis M. Oates reports the disposition of shares and stock options in Universal Stainless & Alloy Products following the completion of a merger with Aperam US Absolute LLC on January 23, 2025.

Proxy Statements (Def-14A)

Universal Stainless & Alloy Products is urging its stockholders to vote in favor of the proposed merger with a subsidiary of Aperam, S.A. at a special meeting on January 15, 2025.
Universal Stainless & Alloy Products, Inc. has agreed to be acquired by Aperam US Holdco LLC for $45 per share in cash, representing a 19% premium over the three-month volume-weighted average stock price.
Better than expected

Schedule 13D - Activist Investments

Magnetar Financial and its affiliates report the completion of the merger of United Stainless & Alloy Products, Inc., where each share was converted to $45.00 in cash.

Schedule 13G - Passive Investments

Dimensional Fund Advisors LP files Schedule 13G, reporting beneficial ownership of 3.2% of Universal Stainless & Alloy Products Inc's common stock as of December 31, 2024.