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Stock impact report

Olympic Steel Reports Third-Quarter Results

Olympic Steel, Inc (ZEUS)  More Company Research Source: Business Wire
Last olympic steel, inc earnings: 11/8 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: olysteel.com/contact
PDF Specialty Metals and Pipe and Tube Businesses Resilient in the QuarterCompany Continues to Successfully Integrate Recent Acquisitions 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, 2019.Third-quarter 2019 net sales of $384 million were 16% lower compared with $457 million in the third quarter of 2018. Net sales were impacted by lower year-over-year shipping volumes and pricing within the carbon flat products segment. Net income was approximately $591 thousand, or $0.05 per diluted share, in the 2019 third quarter, compared with $11.6 million, or $1.01 per diluted share, in the same quarter of 2018. The specialty metals flat products segment continued to profitability grow its market share while sales in the tubular and pipe products segment outperformed the market. The 2019 third-quarter results include $1 million of LIFO income, as noted in the rec [Read more]
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