Olympic Steel Reports Second-Quarter Results

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Go back to Olympic Steel Reports Second-Quarter Results

Olympic Steel (ZEUS) Reports In-Line Q2 EPS, Revenues Miss

August 1, 2019 6:18 AM EDT

Olympic Steel (NASDAQ: ZEUS) reported Q2 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $429 million versus the consensus estimate of $431.09 million.

The second quarter of 2019 ran contrary to the traditionally stronger seasonality of the steel market, as both industry sales volumes and steel pricing declined. The decrease in volume and pricing lead to... More