Olympic Steel (ZEUS) Misses Q1 EPS by 4c, Revenues Beat

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Go back to Olympic Steel (ZEUS) Misses Q1 EPS by 4c, Revenues Beat

Olympic Steel Reports First-Quarter Results

May 2, 2019 6:30 AM EDT

First-Quarter Net Sales Increased 19% to $446 Million in 2019

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 three months ended March 31, 2019.

First-quarter 2019 net sales increased 19%, to $446 million, compared with $376 million in the first quarter of 2018. The increase in net sales was driven by higher average selling prices. Net income was $2.1 million, or $0.18 per diluted share, in the first quarter, compared with $7.6 million, or $0.67 per diluted share, in the... More