BRIDGEVILLE, Pa., March 22, 2021 (GLOBE NEWSWIRE) – Common Stainless & Alloy Merchandise, Inc. (Nasdaq: USAP) right now introduced that Christopher T. Scanlon has resigned as Vice President of Finance, Chief Monetary Officer and Treasurer efficient March 19 to grab a brand new alternative.

President and CEO Dennis Oates mentioned, “I wish to thank Chris for his service, dedication and contribution to Common Stainless throughout powerful instances for our trade and our enterprise. I want him the perfect of luck in his efforts. future tasks. “

Mr. Scanlon added: “I respect the numerous alternatives which were provided to me throughout my tenure at Common Stainless. It has been a pleasure working with your entire workforce and I want all of them continued success.”

About Common Stainless & Alloy Merchandise, Inc.

Common Stainless & Alloy Merchandise, Inc., established in 1994 and headquartered in Bridgeville, PA, manufactures and markets semi-finished and completed specialty steels, together with stainless-steel, nickel alloys, software metal and sure different alloy steels. The corporate’s merchandise are utilized in a wide range of industries, together with aerospace, energy era, oil and fuel, and heavy tools manufacturing. Extra data is offered at www.univstainless.com.

Protected Harbor for forward-looking data

Aside from historic data contained on this press launch, the statements contained on this press launch are forward-looking statements which are made in accordance with the protected harbor provision of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements contain dangers and dangers. identified and unknown uncertainties which can trigger the Firm’s precise leads to future intervals to vary materially from anticipated outcomes. These dangers embrace, amongst others, the Firm’s skill to keep up relationships with its prospects and main market segments; the Firm’s response to aggressive elements in its trade which can adversely have an effect on the marketplace for completed merchandise manufactured by the Firm or its prospects; uncertainty as to the progress of the return to service of the Boeing 737 MAX; the corporate’s skill to compete efficiently with home and international producers of specialty metal merchandise and merchandise produced from substitute supplies; modifications within the general demand for the Firm’s merchandise and the costs at which the Firm is ready to promote its merchandise within the aerospace trade, from which a good portion of our gross sales originate; the corporate’s skill to develop, market, market and promote new functions and merchandise; the receipt, worth and timing of future buyer orders; the impression of modifications within the Firm’s product line on the Firm’s profitability; the Firm’s skill to keep up the provision of uncooked supplies and working provides at acceptable costs; the provision and worth of electrical energy, pure fuel and different sources of power that the corporate requires to fabricate its merchandise; dangers related to property, plant and tools, together with the Firm’s reliance on the continued operation of important manufacturing tools; the corporate’s success in concluding collective agreements in a well timed method and avoiding strikes or work stoppages; the corporate’s skill to draw and retain key personnel; the corporate’s continued requirement to repeatedly adjust to legal guidelines and laws, together with relevant security and environmental laws; the ultimate consequence of the Firm’s present and future litigation; the corporate’s skill to satisfy its debt service necessities and adjust to relevant monetary covenants; the top results of the corporate’s PPP mortgage forgiveness request; dangers related to doing enterprise with suppliers and prospects in international nations; public well being points, together with COVID-19 and its unsure impression on our services and operations, our prospects and suppliers and the effectiveness of the measures taken by the Firm in response to those dangers; dangers associated to acquisitions that the Firm could make; the Firm’s skill to guard its data expertise infrastructure towards disruption of service, knowledge corruption, cyber assaults or breaches of community safety; the impression on the Firm’s efficient tax charges of modifications in tax guidelines, laws and interpretations in the US and different nations wherein it operates; and the impression of varied uncertainties associated to financial, credit score and market dangers. Many of those elements are past the management of the Firm and contain identified and unknown dangers and uncertainties which might trigger the Firm’s precise leads to future intervals to be materially completely different from any future efficiency instructed herein. Any opposed change within the foregoing or in different elements might have a fabric opposed impact on the enterprise, monetary situation and outcomes of operations of the Firm. As well as, the Firm operates in an industrial sector the place the worth of securities could also be unstable and could also be influenced by financial and different elements past the management of the Firm. A few of these and different dangers are described within the Firm’s filings with the SEC, together with the Firm’s Annual Report on Type 10-Ok for the fiscal 12 months ended December 31, 2020, copies of which can be found from from the SEC or may be obtained on request. of the society.

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