Olympic Steel (ZEUS) Tops Q2 EPS by 2c, Revenues Miss

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Go back to Olympic Steel (ZEUS) Tops Q2 EPS by 2c, Revenues Miss

Olympic Steel Reports Second-Quarter 2020 Results

August 6, 2020 6:30 AM EDT

Company is benefiting from decisive actions to tightly manage expenses, inventory and liquidity while retaining flexibility to respond to fluctuations in demand

CLEVELAND--(BUSINESS WIRE)-- Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three and six months ended June 30, 2020.

Net loss for the second quarter totaled $6.5 million, or $0.56 per diluted share, compared with net income of $2.1 million, or $0.18 per diluted share, in the second quarter of 2019. The results include $0.5 million of LIFO pre-tax income and $3.6 million of... More