Olympic Steel (ZEUS) Misses Q3 EPS by 7c
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Olympic Steel Reports Third-Quarter Results
November 8, 2019 6:30 AM ESTSpecialty Metals and Pipe and Tube Businesses Resilient in the Quarter
Company Continues to Successfully Integrate Recent Acquisitions
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, 2019.
Third-quarter 2019 net sales of $384 million were 16% lower compared with $457 million in the third quarter of 2018. Net sales were impacted by lower year-over-year shipping volumes and pricing within the carbon flat products segment. Net income was approximately $591 thousand, or $0.05... More
