Olympic Steel (ZEUS) Reports In-Line Q3 EPS, Revenues Beat

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Go back to Olympic Steel (ZEUS) Reports In-Line Q3 EPS, Revenues Beat

Olympic Steel Reports Third-Quarter 2020 Results

November 5, 2020 6:30 AM EST

Operational efficiencies position Company to capitalize on steady rise in demand and strengthening metals pricing

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

Net loss for the third quarter totaled $1.5 million, or $0.13 per diluted share, compared with net income of $0.6 million, or $0.05 per diluted share, in the third quarter of 2019. The results include $0.1 million of LIFO pre-tax income in the third quarter of 2020, compared with $1.0... More