2022-01-26 06:48:47 USAP Universal Stainless & Alloy
01/26/22 01/2606:48 01/26/2206:48 | Universal Stainless & Alloy reports Q4 EPS (18c), one estimate (13c)Reports Q4 revenue $43.2M, one estimate $42.1M. CEO Dennis Oates commented: "Recovery continued in Q4 as measured by the sequential growth in both our topline and premium alloy sales, and in our backlog, all mainly driven by improving demand in the aerospace market. In fact, our backlog at the end of 2021 reached a record $134.5M on continued solid order entry. Delivery of those products is scheduled throughout 2022. Profitability also advanced in Q4, with our gross margin increasing to 8.7% of sales compared to 6.2% of sales in the 2021 Q3. Q4 gross margin was the highest reported since 4Q19. Even so, continued supply chain bottlenecks along with labor shortages compounded by employee absences due to continuing COVID-related challenges restrained our progress in Q4, and production levels did not fully meet our targets...As 2021 came to a close and 2022 begins, we see our markets coming back and, through our operational initiatives, we are in a much stronger position than one year ago. While supply chain and other issues will continue to present challenges, we remain determined to make further progress in the coming year and take full advantage of our recovering markets, especially aerospace. Our plan is to achieve sequential improvement in each quarter of 2022. The tireless efforts of our team, the support of our customers and our focus on providing critical products to our markets give us confidence in our future." |
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Conference/Events
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WeWork management to meet with Piper Sandler »
05:55 05/22/22 05/2205:55 05/22/2205:55
WE
WeWork
Meetings to be held in… Meetings to be held in Boston and New York, May 19-23 hosted by Piper Sandler. ShowHide Related Items >><<
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Conference/Events
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UBS technology analysts to hold an analyst/industry conference call »
22:45 05/21/22 05/2122:45 05/21/2222:45
SNOW
Snowflake
Splunk
Technology Analysts… Technology Analysts provide a recap of Snowflake and Splunk's 1Q reported earnings results on an Analyst/Industry conference call to be held on May 26 at 8 am. Webcast Link ShowHide Related Items >><<
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Conference/Events
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UBS technology analysts to hold an analyst/industry conference call »
22:40 05/21/22 05/2122:40 05/21/2222:40
ZM
Zoom Video
Technology Analysts… Technology Analysts provide a recap of Zoom Video Communications' 1Q reported earnings results on an Analyst/Industry conference call to be held on May 24 at 8:30 am.Webcast Link ShowHide Related Items >><<
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Conference/Events
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Bloom Energy to host investor meeting »
16:29 05/21/22 05/2116:29 05/21/2216:29
BE
Bloom Energy
Investor Meeting will… Investor Meeting will include a technology showcase featuring Bloom's power generation, hydrogen production, and marine decarbonization solutions at the Company's stack manufacturing plant in Fremont, California on May 25 at 12 pm. Webcast Link ShowHide Related Items >><<
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Hot Stocks
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Boeing reports Starliner completes successful docking to space station »
10:58 05/21/22 05/2110:58 05/21/2210:58
BA
Boeing
Boeing's CST-100… Boeing's CST-100 Starliner spacecraft made its first connection to the International Space Station at 7:28 p.m. Central Time yesterday to complete a primary goal of the program's Orbital Flight Test-2, the company announced. "With no astronauts on board, Starliner's autonomous systems and ground controllers in Houston guided the vehicle through a carefully choreographed series of maneuvers to steadily bring the Starliner closer to the orbiting laboratory before docking. Astronauts aboard the space station monitored Starliner throughout the flight and at times commanded the spacecraft to verify control capabilities," Boeing stated. "Today's successful docking of the Starliner is another important step in this rehearsal for sending astronauts into orbit safely and reliably," said Boeing Defense, Space & Security President and CEO Ted Colbert. ShowHide Related Items >><<
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On The Fly
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Short Report: Bearish bets increase in meme names GameStop and Carvana »
10:57 05/21/22 05/2110:57 05/21/2210:57
GME
GameStop
Carvana
Solo Brands
Dutch Bros
Gogo
Blue Apron
Rite Aid
Welcome to this week’s… ShowHide Related Items >><<
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Periodicals
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Lindt shares worth a look for brave investors, Barron's says »
10:13 05/21/22 05/2110:13 05/21/2210:13
LDSVF
Lindt & Sprungli
Swiss chocolate maker… Swiss chocolate maker Lindt & Spruengli has left a bitter taste in investors' mouths in the past few months, Rupert Steiner writes in this week's edition of Barron's. The confectioner, famous for its bunnies wrapped in golden foil and Lindor truffle balls, said in January that labor and supply chain issues at its Russell Stover unit in the U.S. would hurt group sales growth in 2022. This news hit the stock, the author notes. But the shares could be nearing the bottom, and are worth a look for brave investors, the publication adds. Reference Link ShowHide Related Items >><<
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Periodicals
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Some stocks that aren't as cheap as they look, Barron's says »
10:03 05/21/22 05/2110:03 05/21/2210:03
CRWD
Crowdstrike
Snowflake
Shopify
Zscaler
Lyft
PayPal
Stocks are tumbling and… Stocks are tumbling and bargains abound-if you know where to look. But buying the dip doesn't work in a bear market, and neither does simply scooping up shares of beaten-down companies, Al Root writes in this week's edition of Barron's. The publication named six stocks that have fallen hard this year but, due to high levels of stock comp, aren't as cheap as they look: CrowdStrike (CRWD), Snowflake (SNOW), Shopify (SHOP), Zscaler (ZS), Lyft (LYFT) and PayPal (PYPL). Reference Link ShowHide Related Items >><<
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Periodicals
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TJX among off-price retailers looking like bargains, Barron's says »
09:59 05/21/22 05/2109:59 05/21/2209:59
BURL
Burlington Stores
TJX
Ross Stores
Two of the three major… Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores (BURL), which reports May 26, Teresa Rivas writes in this week's edition of Barron's. In an otherwise brutal week for retail, TJ Maxx parent TJX (TJX) reported an earnings beat, despite light sales. That was a welcome reversal from other big players, whose higher revenue failed to flow through to the bottom line due to margin-crunching supply-chain and freight costs, the author notes. Ross Stores stock (ROST) lost more than 20% on Friday-its worst day since 1993-as earnings, revenue, same-store sales, and guidance all came in well below expectations, the publication adds. Therein lies the opportunity for off-price retail. If these companies can leverage their reputation for value at a time when consumers are spending selectively on nonessentials - think dresswear over the basics everyone already bought - and offer compelling merchandise, they can take market share despite a challenging backdrop for retail, Rivas argues. Reference Link ShowHide Related Items >><<
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Periodicals
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Robinhood among broken IPOs that could be buys, Barron's says »
09:52 05/21/22 05/2109:52 05/21/2209:52
BIRD
Allbirds
Poshmark
Robinhood
Warby Parker
Rivian Automotive
After a bubbly year for… After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks, Andrew Bary writes in this week's edition of Barron's. The wreckage has yielded some bargains, particularly in companies with good growth prospects and solid balance sheets. Some stocks to consider from the 2021 crop of IPOs, the author says, are Allbirds (BIRD), Poshmark (POSH), Robinhood (HOOD), and Warby Parker (WRBY). Kennedy says his firm's clients are "scouring the list of IPOs of the past five years" in search of opportunities. Rivian Automotive (RIVN) is also intriguing because its stock, which topped out at $179 after its IPO in November, got as low as $19 earlier in May. That valued the company at slightly more than the $15 billion of net cash on its balance sheet on March 31, the publication adds. Reference Link ShowHide Related Items >><<
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Periodicals
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Genco Shipping stock has soared, to pay 14% dividend yield, Barron's says »
09:36 05/21/22 05/2109:36 05/21/2209:36
GNK
Genco Shipping
Genco Shipping &… Genco Shipping & Trading has a cleaned-up balance sheet and a new dividend policy that smartly ties payouts to quarterly cash flow, Nicholas Jasinski writes in this week's edition of Barron's. During this year's market turmoil, Genco's stock has proved to be a port in the storm. Shares are up 42% in 2022, but investors may still underappreciate the company's staying power, the author notes. Reference Link ShowHide Related Items >><<
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Conference/Events
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WeWork management to meet with Piper Sandler »
04:55 05/21/22 05/2104:55 05/21/2204:55
WE
WeWork
Meetings to be held in… Meetings to be held in Boston and New York, May 19-23 hosted by Piper Sandler. ShowHide Related Items >><<
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Conference/Events
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BigCommerce to host virtual investor day »
22:45 05/20/22 05/2022:45 05/20/2222:45
BIGC
BigCommerce
Virtual Investor Day to… Virtual Investor Day to be held on May 25 at 1 pm. Webcast Link ShowHide Related Items >><<
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Conference/Events
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Baxter to host investor meeting »
22:41 05/20/22 05/2022:41 05/20/2222:41
BAX
Baxter
Investor meeting to be… Investor meeting to be held in Glenview, IL on May 25 at 9:30 am. Webcast Link ShowHide Related Items >><<
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Conference/Events
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ServiceNow to host financial analyst day 2022 »
22:37 05/20/22 05/2022:37 05/20/2222:37
NOW
ServiceNow
Financial Analyst Day… Financial Analyst Day 2022 to be held in Las Vegas on May 24 at 4:30 pm. Webcast Link ShowHide Related Items >><<
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Hot Stocks
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Canadian National names Shauneen Bruder as new board chair »
18:57 05/20/22 05/2018:57 05/20/2218:57
CNI
Canadian National
Royal Bank of Canada
Canadian National (CNI)… Canadian National (CNI) announced that a new Chairperson and the director nominees listed in the management information circular dated April 5, were elected as directors of CN. Shauneen Bruder was unanimously elected by the board of directors as board chair. Bruder was, until her retirement on October 31, 2019, the Executive Vice-President, Operations at the Royal Bank of Canada (RY) where she was responsible for overseeing operations related to all personal and business clients in Canada. Bruder joined CN's board in 2017. ShowHide Related Items >><<
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Hot Stocks
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Resolute Forest announces ratification of four-year collective agreement »
18:48 05/20/22 05/2018:48 05/20/2218:48
RFP
Resolute Forest
Resolute Forest Products… Resolute Forest Products announced ratification of a four-year collective agreement by Unifor union members at seven of the company's pulp and paper mills in Canada, following an agreement-in-principle reached on May 15. The collective agreements cover approximately 700 hourly employees represented by Unifor at Resolute's Dolbeau; Gatineau; Kenogami; Saint-Felicien and currently indefinitely idled Amos and Baie-Comeau pulp and paper facilities in Quebec; and the Thunder Bay operation in Ontario. The seven mills account for about 50% of the company's total pulp and paper production capacity. ShowHide Related Items >><<
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Periodicals
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3M ordered to pay $77.5M to veteran for defective earplug, Reuters says »
18:29 05/20/22 05/2018:29 05/20/2218:29
MMM
3M
3M is ordered to pay… 3M is ordered to pay $77.5M to a veteran who claimed defective earplug caused hearing damage, Reuters' Brendan Pierson reports. Reference Link ShowHide Related Items >><<
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Periodicals
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American Axle said to hire advisor to explore potential sale, Bloomberg reports
18:19 05/20/22 05/2018:19 05/20/2218:19
AXL
American Axle
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Conference/Events
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WalkMe to hold a company meeting »
17:38 05/20/22 05/2017:38 05/20/2217:38
WKME
WalkMe
Inaugural Investor and… Inaugural Investor and Analyst Day to be held in New York on May 24 at 12 pm. Webcast Link ShowHide Related Items >><<
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Conference/Events
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Summit Materials to hold virtual investor day »
17:33 05/20/22 05/2017:33 05/20/2217:33
SUM
Summit Materials
Virtual Investor Day to… Virtual Investor Day to be held on May 24 at 9 am. Webcast Link ShowHide Related Items >><<
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Conference/Events
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Maximus to host virtual investor day »
17:27 05/20/22 05/2017:27 05/20/2217:27
MMS
Maximus
Virtual Investor Day to… Virtual Investor Day to be held on May 24 at 9 am. Webcast Link ShowHide Related Items >><<
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Syndicate
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Evaxion Biotech files to sell $100M of ordinary shares
17:24 05/20/22 05/2017:24 05/20/2217:24
EVAX
Evaxion Biotech
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Conference/Events
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GFL Environmental to hold an investor day »
17:22 05/20/22 05/2017:22 05/20/2217:22
GFL
GFL Environmental
Investor Day to be held… Investor Day to be held in New York on May 24 at 8 am. Webcast Link ShowHide Related Items >><<
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Syndicate
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Kroger files automatic mixed securities shelf
17:20 05/20/22 05/2017:20 05/20/2217:20
KR
Kroger
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