Olympic Steel (ZEUS) Misses Q2 EPS by 7c

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Olympic Steel Reports 2016 Second-Quarter Results

August 2, 2016 6:00 AM EDT

Net Income Rebounds on Margin Expansion and Market Share Gains

CLEVELAND--(BUSINESS WIRE)-- 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, 2016.

Second-quarter net sales were $273.6 million, compared with $315.3 million in 2015s second quarter. Net sales in the first half of 2016 were $532.0 million, versus $661.1 million in the same period last year. Higher sales volumes of specialty metals products and pipe and tubular products resulted in record-high total market share for Olympic Steel in... More