Olympic Steel Reports First-Quarter 2020 Results
Olympic Steel, Inc. (ZEUS)
Last olympic steel, inc. earnings: 5/1 06:30 am
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Source: Business Wire
Disciplined approach to operating expenses and inventory management further strengthens balance sheet and liquidity CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2020.Net income for the first quarter totaled $0.6 million, or $0.05 per diluted share, compared to $2.1 million, or $0.18 per diluted share, in the first quarter of 2019. Sales for the first quarter of 2020 totaled $354 million, compared with $446 million in the first quarter of 2019. The results include $0.5 million of LIFO pre-tax income in the first quarter of 2020, while there was no LIFO adjustment in the first quarter of 2019. The first-quarter earnings impact of LIFO is noted in the reconciliation below.“We are pleased that our team’s efforts resulted in a first-quarter profit despite a challenging environment. Our results include the positive impacts of reducing operating expenses and
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ZEUS
Earnings
- 8/3/23 - Miss
ZEUS
Sec Filings
- 8/15/23 - Form 4
- 8/4/23 - Form 10-Q
- 8/3/23 - Form 8-K
- ZEUS's page on the SEC website