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Latest News
4th Quarter 2009 Results & Conference Call-February 25, 2010-10:00 AM Eastern Time
Click here for Event Access
OLYMPIC STEEL REPORTS 2009 THIRD QUARTER RESULTS
Cleveland, Ohio -- (October 29, 2009) Olympic Steel, Inc., (Nasdaq: ZEUS), a national steel service center, today announced its financial results for the third quarter and nine months ended September 30, 2009.
Net sales for the third quarter of 2009 totaled $121.6 million, a 63.7% decrease from the $335.2 million for the third quarter of 2008. Tons sold in the third quarter of 2009 decreased 32.2% to 181 thousand from 268 thousand in the third quarter of 2008. Third quarter 2009 net income totaled $671 thousand, or $.06 per diluted share, compared to net income of $24.2 million, or $2.21 per diluted share for last year’s third quarter.
Click here to read 2009 Third Quarter Results (*pdf file)
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