Olympic Steel Reports Third-Quarter 2024 Results
Olympic Steel, Inc. (ZEUS)
Last olympic steel, inc. earnings: 5/1 06:30 am
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Source: Business Wire
Company’s diversification strategy continues to drive results in difficult market conditionsCompany has the strategic focus and financial flexibility to further invest in organic and acquisitive growth opportunities CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended September 30, 2024.Net income for the third quarter totaled $2.7 million, or $0.23 per diluted share, compared with net income of $12.2 million, or $1.06 per diluted share, in the third quarter of 2023. EBITDA for the third quarter of 2024 was $15.0 million, compared with $27.1 million in the third quarter of 2023. Both third-quarter 2024 and 2023 results include $2.0 million of LIFO pretax income.The Company reported sales totaling $470 million in the third quarter of 2024, compared with $526 million in the third quarter of 2023, due primarily to year-over-year declines in metal pricing.“Olympic Steel’s
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ZEUS
News
- Olympic Steel Acquires Metal WorksBusiness Wire
- Olympic Steel Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Olympic Steel, Inc. (NASDAQ: ZEUS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Olympic Steel: M&A Efforts, Cash Flow, And Capex Could Imply Significant Undervaluation [Seeking Alpha]Seeking Alpha
- Webcast Alert: Olympic Steel to Announce Third-Quarter 2024 Financial Results After Market Closes on October 31, 2024Business Wire
ZEUS
Earnings
- 5/2/24 - Beat
ZEUS
Sec Filings
- 11/1/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/18/24 - Form SC
- ZEUS's page on the SEC website