Olympic Steel (ZEUS) Misses Q2 EPS by 5c

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Go back to Olympic Steel (ZEUS) Misses Q2 EPS by 5c

Olympic Steel Reports 35% Growth in 2017 Second-Quarter Net Income

August 3, 2017 6:10 AM EDT

First-Half 2017 Net Income Triples, on 30% Higher Sales

Board Declares Regular Quarterly Cash Dividend

CLEVELAND--(BUSINESS WIRE)-- Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced significantly improved financial results for the three- and six-month periods ended June 30, 2017.

Net sales increased 30% in 2017s second quarter, to $356.2 million, compared with $273.6 million in net sales during the same quarter last year. Year-to-date net sales also rose 30%, reaching $691.1 million, versus $532.0 million in the first six months of 2016. Higher shipping volume and higher selling prices... More