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Stock impact report

Olympic Steel Reports Fourth-Quarter 2024 Results

Olympic Steel, Inc. (ZEUS) 
Last olympic steel, inc. earnings: 5/1 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: olysteel.com/contact
Company Research Source: Business Wire
All three segments deliver EBITDA-positive results every quarter of 2024 despite challenging market conditionsFourth quarter 2024 Adjusted EBITDA was sequentially higher than third quarter 2024Company continues to execute on diversification strategy, completing eighth acquisition in the past seven yearsShareholders rewarded with a quarterly dividend increase of 7% from $0.15 to $0.16 per share CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2024.Fourth-Quarter ResultsNet income for the fourth quarter totaled $3.9 million, or $0.33 per diluted share, compared with net income of $7.4 million, or $0.64 per diluted share, in the fourth quarter of 2023. The results include $3.1 million of LIFO pre-tax income in the fourth quarter of 2024, compared with $5.3 million of LIFO pre-tax income in the fourth quarter of 2023. Adjusted EBITDA for the fourth quarter of Show less Read more
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