Olympic Steel, Inc. (ZEUS) Misses Q3 EPS by 24c

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Go back to Olympic Steel, Inc. (ZEUS) Misses Q3 EPS by 24c

Olympic Steel Reports 2014 Third-Quarter and Nine-Month Results

November 6, 2014 6:05 AM EST

CLEVELAND, Nov. 6, 2014 (GLOBE NEWSWIRE) -- Olympic Steel, Inc.(Nasdaq: ZEUS), a national metals service center, today announced financial results for the third quarter and nine months ended Sept. 30, 2014.

Third-quarter net sales grew $72.6 million reaching $376.6 million, compared with $304.0 million in the same quarter last yearan increase of 23.9%. For the 2014 nine months, net sales increased 14.1% to $1.110 billion, compared with $973 million in 2013. Revenue growth in both periods was due to higher sales volume in the current year.

Net income for the third quarter increased 16% to $1.6 million, or $0.14 per diluted share, up from $1.3 million, or $0.12 per... More