Universal Stainless(USAP) - 2024 Q1 - Quarterly Results

Exhibit 99.1 CONTACTS:Christopher M. Zimmer Steven V. DiTommaso June Filingeri President and Vice President and President Chief Executive Officer Chief Financial Officer Comm-Partners LLC (412) 257-7604 (412) 257-7661 (203) 972-0186 Universal Stainless Reports Near-Record Sales and Profitability in First Quarter of 2024 ■ Q1 2024 Sales of $77.6 million vs. record $79.8 million in Q4 2023; up 18% from Q1 2023 ■ Q1 2024 Gross Margin reaches 18.9% of sales, highest since Q1 2012, despite $1.3 million raw mater ...