Olympic Steel (ZEUS) Tops Q1 EPS by 96c

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Go back to Olympic Steel (ZEUS) Tops Q1 EPS by 96c

Olympic Steel Reports First-Quarter 2022 Results

May 5, 2022 4:30 PM EDT

Company 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