Olympic Steel (ZEUS) Tops Q3 EPS by 36c, Revenues Beat

Olympic Steel (NASDAQ: ZEUS) reported Q3 EPS of $1.19, $0.36 better than the analyst estimate of $0.83. Revenue for the quarter came in at $457 million versus the consensus estimate of $449.8 million.

“Robust demand for metals and active shipping volume continued in the third quarter,” said Chairman and Chief Executive Officer Michael D. Siegal. “Our diversification strategies and strong balance sheet, combined with record sales and higher margins, drove significant earnings improvement in all three of our operating segments for the third quarter and nine months of 2018.”

“End-market demand is expected to remain strong in all industries that we serve,” Siegal said. “Our customers anticipate year-over-year growth will continue in this year’s final quarter, and into 2019.

For earnings history and earnings-related data on Olympic Steel (ZEUS) click here.

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