Olympic Steel (ZEUS) Tops Q3 EPS by 12c

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Go back to Olympic Steel (ZEUS) Tops Q3 EPS by 12c

Olympic Steel Reports Third-Quarter 2022 Results

November 3, 2022 4:30 PM EDT

Diversification strategy and operational discipline drive strong financial performance through shifting market conditions

CLEVELAND--(BUSINESS WIRE)-- Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended September 30, 2022.

Net income for the third quarter totaled $12.0 million, or $1.04 per diluted share, compared with net income of $44.5 million, or $3.87 per diluted share, in the third quarter of 2021. The results include $1.5 million of LIFO pretax expense ($0.10 per share impact) in the third quarter of 2022, compared with $7.0 million ($0.45... More