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

Aerospace is the Company's largest market for premium alloy products, and strong demand continues. Aerospace sales reached a record $68.6 million, or 82.9% of sales, in the second quarter of 2024, an increase of 14% from the first quarter of 2024, and up 34% from the second quarter of 2023. Year-to-date aerospace sales rose 29% compared to the same period in 2023 to $128.8 million, or 80.3% of sales. Net cash generated by operating activities totaled $7.3 million in the second quarter, which the Company use ...