Olympic Steel Inc
NASDAQ:ZEUS

  • LAST PRICE
    37.4600
  • TODAY'S CHANGE (%)
    2.2200 (6.2997%)
  • Bid / Lots
    36.8500/ 1
  • Ask / Lots
    39.9900/ 2
  • Open / Previous Close
    35.1800 / 35.2400
  • Day Range
    34.8000
    37.6550
  • 52 Week Range
    32.2300
    73.4900
  • Volume
    164,352

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  • Oct 31, 2024

      Show headlines and story abstract

    • 4:31PM ET on Thursday Oct 31, 2024 by MT Newswires
      Companies Mentioned: ZEUS
      04:31 PM EDT, 10/31/2024 (MT Newswires) -- ...

    • 4:31PM ET on Thursday Oct 31, 2024 by MT Newswires
      Companies Mentioned: ZEUS
      04:31 PM EDT, 10/31/2024 (MT Newswires) -- ...

    • 4:30PM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: ZEUS
      ---------------- --------------- Shareholders' Equity Preferred stock - - Common stock 138,040 136,541 Accumulated other comprehensive income (loss) (408) 41 Retained earnings 432,978 418,896 ---------------- --------------- Total shareholders' equity 570,610 555,478 ---------------- --------------- Total liabilities and shareholders' equity $ 1,012,011 $ 984,835 ================ =============== Olympic Steel, Inc. Segment Financial Information (In thousands, except tonnage and per-ton data. Figures may not foot to consolidated totals due to Corporate expenses.) Three Months Ended September 30, ------------------------------------------------------------------- Specialty Metals Tubular and Pipe Carbon Flat Products Flat Products Products --------------------- -------------------- ---------------------- 2024 2023 2024 2023 2024 2023 ---------- --------- -------- ---------- ------- ------- Tons sold (1) 204,211 207,145 29,738 27,936 N/A N/A --------- -------- ------- --------- ------- ------- Net sales $ 264,849 $ 304,478 $125,693 $ 132,763 $ 79,454 $ 89,170 Average selling price per ton 1,297 1,470 4,227 4,752 N/A N/A Cost of materials sold 208,093 242,532 103,450 111,622 51,601 60,326 --------- -------- ------- --------- ------- ------- Gross profit 56,756 61,946 22,243 21,141 27,853 28,844 Operating expenses 56,322 51,997 17,307 16,473 21,377 18,811 --------- -------- ------- --------- ------- ------- Operating income 434 9,949 4,936 4,668 6,476 10,033 ========= ======== ======= ========= ======= ======= Depreciation and amortization 4,028 3,568 1,005 871 2,184 1,729 LIFO income - - - - (2,000) (2,000) Nine Months Ended September 30, ------------------------------------------------------------------- Specialty Metals Tubular and Pipe Carbon Flat Products Flat Products Products --------------------- -------------------- ---------------------- 2024 2023 2024 2023 2024 2023 ---------- --------- -------- ---------- ------- ------- Tons sold (1) 652,976 651,758 91,336 89,163 N/A N/A --------- -------- ------- --------- ------- ------- Net sales $ 873,579 $ 940,925 $386,100 $ 446,327 $263,209 $281,503 Average selling price per ton 1,338 1,444 4,227 5,006 N/A N/A Cost of materials sold 687,704 744,040 315,984 371,935 173,541 193,013 --------- -------- ------- --------- ------- ------- Gross profit 185,875 196,885 70,116 74,392 89,668 88,490 Operating expenses 171,423 166,295 53,400 53,786 69,068 59,345 --------- -------- ------- --------- ------- ------- Operating income 14,452 30,590 16,716 20,606 20,600 29,145 ========= ======== ======= ========= ======= ======= Depreciation and amortization 12,221 10,891 2,922 2,878 6,600 5,038 LIFO income - - - - (2,600) (3,000) (1) The Company does not report tons sold for McCullough Industries, EZ Dumper, or Metal-Fab in the Carbon Flat Products Segment, Shaw Stainless in the Specialty Metals Flat Products Segment or for the entire Tubular and Pipe Products Segment. As of As of September December 30, 2024 31, 2023 ---------- --------- Assets Flat-products $ 666,508 $ 649,744 Tubular and pipe products 344,289 333,677 Corporate 1,214 1,414 --------- -------- Total assets $1,012,011 $ 984,835 ========= ======== Other Information (in thousands, except per-share and ratio data) As of As of September 30, December 31, 2024 2023 -------------------- --------------- Shareholders' equity per share $ 51.26 $ 49.90 Debt to equity ratio 0.35 to 1 0.34 to 1 Nine Months Ended September 30, ------------------------------------- 2024 2023 -------------------- --------------- Net cash from operating activities $ 19,114 $ 120,999 Cash dividends per share $ 0.45 $ 0.38

    • 4:30PM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: ZEUS
      ---------------- --------------- Shareholders' Equity Preferred stock - - Common stock 138,040 136,541 Accumulated other comprehensive income (loss) (408) 41 Retained earnings 432,978 418,896 ---------------- --------------- Total shareholders' equity 570,610 555,478 ---------------- --------------- Total liabilities and shareholders' equity $ 1,012,011 $ 984,835 ================ =============== Olympic Steel, Inc. Segment Financial Information (In thousands, except tonnage and per-ton data. Figures may not foot to consolidated totals due to Corporate expenses.) Three Months Ended September 30, ------------------------------------------------------------------- Specialty Metals Tubular and Pipe Carbon Flat Products Flat Products Products --------------------- -------------------- ---------------------- 2024 2023 2024 2023 2024 2023 ---------- --------- -------- ---------- ------- ------- Tons sold (1) 204,211 207,145 29,738 27,936 N/A N/A --------- -------- ------- --------- ------- ------- Net sales $ 264,849 $ 304,478 $125,693 $ 132,763 $ 79,454 $ 89,170 Average selling price per ton 1,297 1,470 4,227 4,752 N/A N/A Cost of materials sold 208,093 242,532 103,450 111,622 51,601 60,326 --------- -------- ------- --------- ------- ------- Gross profit 56,756 61,946 22,243 21,141 27,853 28,844 Operating expenses 56,322 51,997 17,307 16,473 21,377 18,811 --------- -------- ------- --------- ------- ------- Operating income 434 9,949 4,936 4,668 6,476 10,033 ========= ======== ======= ========= ======= ======= Depreciation and amortization 4,028 3,568 1,005 871 2,184 1,729 LIFO income - - - - (2,000) (2,000) Nine Months Ended September 30, ------------------------------------------------------------------- Specialty Metals Tubular and Pipe Carbon Flat Products Flat Products Products --------------------- -------------------- ---------------------- 2024 2023 2024 2023 2024 2023 ---------- --------- -------- ---------- ------- ------- Tons sold (1) 652,976 651,758 91,336 89,163 N/A N/A --------- -------- ------- --------- ------- ------- Net sales $ 873,579 $ 940,925 $386,100 $ 446,327 $263,209 $281,503 Average selling price per ton 1,338 1,444 4,227 5,006 N/A N/A Cost of materials sold 687,704 744,040 315,984 371,935 173,541 193,013 --------- -------- ------- --------- ------- ------- Gross profit 185,875 196,885 70,116 74,392 89,668 88,490 Operating expenses 171,423 166,295 53,400 53,786 69,068 59,345 --------- -------- ------- --------- ------- ------- Operating income 14,452 30,590 16,716 20,606 20,600 29,145 ========= ======== ======= ========= ======= ======= Depreciation and amortization 12,221 10,891 2,922 2,878 6,600 5,038 LIFO income - - - - (2,600) (3,000) (1) The Company does not report tons sold for McCullough Industries, EZ Dumper, or Metal-Fab in the Carbon Flat Products Segment, Shaw Stainless in the Specialty Metals Flat Products Segment or for the entire Tubular and Pipe Products Segment. As of As of September December 30, 2024 31, 2023 ---------- --------- Assets Flat-products $ 666,508 $ 649,744 Tubular and pipe products 344,289 333,677 Corporate 1,214 1,414 --------- -------- Total assets $1,012,011 $ 984,835 ========= ======== Other Information (in thousands, except per-share and ratio data) As of As of September 30, December 31, 2024 2023 -------------------- --------------- Shareholders' equity per share $ 51.26 $ 49.90 Debt to equity ratio 0.35 to 1 0.34 to 1 Nine Months Ended September 30, ------------------------------------- 2024 2023 -------------------- --------------- Net cash from operating activities $ 19,114 $ 120,999 Cash dividends per share $ 0.45 $ 0.38

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