Olympic Steel (ZEUS) Misses Q4 EPS by 5c, Revenues Beat

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Go back to Olympic Steel (ZEUS) Misses Q4 EPS by 5c, Revenues Beat

Olympic Steel Reports Record Fourth-Quarter and Full-Year 2018 Net Sales

February 15, 2019 6:30 AM EST

Full-Year Net Sales Increased 29%, Versus 2017, to Record-High $1.7 Billion in 2018

Full-Year Operating Income Grew 138% to $57 Million in 2018

CLEVELAND--(BUSINESS WIRE)-- Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three and twelve months ended Dec. 31, 2018.

Full-Year 2018 Results

Net sales rose 29% in 2018, reaching $1.7 billion, compared with $1.3 billion in 2017. Increased year-over-year shipping volume, combined with higher average prices in all three of the Companys operating segments, drove the net sales increase. Operating income more than doubled in 2018,... More