Olympic Steel (ZEUS) Tops Q3 EPS by 4c

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Go back to Olympic Steel (ZEUS) Tops Q3 EPS by 4c

Olympic Steel Reports 2015 Third-Quarter Results

November 5, 2015 6:25 AM EST

Board Declares Regular Quarterly Cash Dividend

CLEVELAND--(BUSINESS WIRE)-- Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the third quarter and nine months ended Sept. 30, 2015.

Industry-wide shipments and metal prices declined in the 2015 third quarter resulting in net sales of $276.9 million, compared with $376.6 million in the same quarter last year. For the nine-month period, sales declined to $938 million from $1.110 billion in the comparable 2014 period.

The net loss in the third quarter was $0.6 million, or a loss of $0.05 per... More