Olympic Steel (ZEUS) Posts Q2 GAAP Loss of $1.99/Share
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August 6, 2015 6:30 AM EDT
CLEVELAND, Aug. 6, 2015 (GLOBE NEWSWIRE) -- Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the second quarter and six months ended June 30, 2015.
Second-quarter net sales were $315.3 million, compared with a record Company high of $386.0 million in 2014's second quarter. First-half net sales declined 9.8% to $661.1 million in 2015, versus $733.0 million in the same period last year. The revenue decrease in both periods was due to a decline in industry-wide shipments and lower average selling prices compared with the same periods last year.
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August 6, 2015 6:30 AM EDT
CLEVELAND, Aug. 6, 2015 (GLOBE NEWSWIRE) -- Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the second quarter and six months ended June 30, 2015.
Second-quarter net sales were $315.3 million, compared with a record Company high of $386.0 million in 2014's second quarter. First-half net sales declined 9.8% to $661.1 million in 2015, versus $733.0 million in the same period last year. The revenue decrease in both periods was due to a decline in industry-wide shipments and lower average selling prices compared with the same periods last year.
In... More
