Olympic Steel (ZEUS) Tops Q2 EPS by 54c

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Go back to Olympic Steel (ZEUS) Tops Q2 EPS by 54c

Olympic Steel Reports Second-Quarter 2022 Results

August 4, 2022 4:30 PM EDT

Company achieves record quarterly sales and delivers the 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 June 30, 2022.

Net income for the second quarter totaled $37.6 million, or $3.26 per diluted share, compared with net income of $29.6 million, or $2.58 per diluted share, in the second quarter of 2021. The results include no LIFO adjustment in the second quarter of 2022, compared with $4.0 million of LIFO expense in the same period a... More