Olympic Steel (ZEUS) Tops Q1 EPS by 28c

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Go back to Olympic Steel (ZEUS) Tops Q1 EPS by 28c

Olympic Steel Reports Sharply Improved First-Quarter Results

April 28, 2017 6:27 AM EDT

First-Quarter Operating Income Reaches $11.1 Million, on 30% Sales Growth;

Record Market Share Performance; 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 first quarter ended March 31, 2017.

First-quarter net sales increased 30% in 2017, reaching $334.9 million, compared with $258.3 million in last years same quarter. The improvement in net sales was driven by increased shipping volumes and higher average selling prices in all of the Companys products.

Net... More