Universal Stainless Reports Record Sales and Profitability in Second Quarter of 2024

Q2 2024 Net Sales are record $82.8 million Gross Margin hits new record high of 25.4% of sales in Q2 2024 Q2 2024 Net Income more than doubles from Q1 2024 to record $8.9 million, or $0.90 per diluted share Adjusted EBITDA in Q2 2024 increases to record $18.5 million, or 22% of sales Second quarter 2024 operating income increased 77% to $12.8 million, or 15.5% of sales, from 9.3% of sales in the first quarter of 2024, and 4.5% of sales in the second quarter of 2023. Year-to-date operating income was up more ...