Olympic Steel (ZEUS) Misses Q1 EPS by 2c

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Go back to Olympic Steel (ZEUS) Misses Q1 EPS by 2c

Olympic Steel Reports First-Quarter 2020 Results

May 1, 2020 6:30 AM EDT

Disciplined approach to operating expenses and inventory management further strengthens balance sheet and liquidity

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, 2020.

Net income for the first quarter totaled $0.6 million, or $0.05 per diluted share, compared to $2.1 million, or $0.18 per diluted share, in the first quarter of 2019. Sales for the first quarter of 2020 totaled $354 million, compared with $446 million in the first quarter of 2019. The results include $0.5 million of LIFO... More