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Stock impact report

Olympic Steel Reports Second-Quarter 2023 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
Company performance continues to reflect the benefits of its diversification strategy and investments in enhanced capabilitiesCarbon segment delivers strong profitability, while Tubular and Pipe Products segment further capitalizes on growing demand for value-added offerings CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended June 30, 2023.Net income for the second quarter totaled $15.0 million, or $1.30 per diluted share, compared with net income of $37.6 million, or $3.26 per diluted share, in the second quarter of 2022. The results include $1.0 million of LIFO pre-tax income in the second quarter of 2023, compared to no LIFO adjustment in the second quarter of 2022. Adjusted EBITDA for the second quarter of 2023 was $31.2 million, compared with $58.8 million in the second quarter of 2022.The Company reported sales of $569 million in the second quarter of 2023, compa Show less Read more
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