Welcome to our dedicated page for Olympic Steel news (Ticker: ZEUS), a resource for investors and traders seeking the latest updates and insights on Olympic Steel stock.
Olympic Steel (ZEUS) delivers essential metals processing and distribution services across industrial markets. This news hub provides investors and industry professionals with centralized access to official updates and market developments.
Track critical announcements including quarterly earnings, strategic acquisitions, and operational expansions. Our curated news collection enables informed analysis of ZEUS's performance in carbon steel products, specialty metals, and tubular solutions.
Discover timely updates on supply chain innovations, safety initiatives, and leadership changes impacting the metals service sector. Bookmark this page for direct access to Olympic Steel's verified press releases and relevant industry coverage.
Olympic Steel, Inc. (Nasdaq: ZEUS) reported financial results for Q1 2024, with net income of $8.7 million and sales of $527 million. Despite a decline in income and sales compared to Q1 2023, the company remains in a strong financial position. The CEO highlighted growth in shipping volumes, diversification into higher-value products, and market share gains. The company plans to invest in organic growth, automation, and acquisitions. A cash dividend of $0.15 per share was approved. Adjusted net income per diluted share was $0.77, compared to $1.15 in Q1 2023.
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