Olympic Steel (ZEUS) Tops Q1 EPS by 96c
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Olympic Steel Reports First-Quarter 2022 Results
May 5, 2022 4:30 PM EDTCompany reports record quarterly sales
Company reports second-most-profitable quarter in its history
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, 2022.
Net income for the first quarter totaled $37.3 million, or $3.23 per diluted share, compared with net income of $22.0 million, or $1.91 per diluted share, in the first quarter of 2021. The results include no LIFO adjustment in the first quarter of 2022, compared with $1.0 million of LIFO expense in the... More
