Entering text into the input field will update the search result below

Olympic Steel Q3 revenue up 38%

Nov. 08, 2018 9:21 AM ETOlympic Steel, Inc. (ZEUS) StockZEUSBy: Akanksha Bakshi, SA News Editor3 Comments
  • Olympic Steel (NASDAQ:ZEUS) reported Q3 net sales growth of 38%Y/Y to $457.98M, increase was due to higher shipping volumes and higher average prices.
  • Sales by segments: Carbon flat $282.81M (+31% Y/Y); Specialty Metals $36.61M (+60.1% Y/Y) and Tubular & pipe products $82.01M (+41.3% Y/Y).
  • Carbon flat sold 281,255 tons (+1.4% Y/Y) with average selling price of $1,006 (+29.3% Y/Y) and Specialty Metals sold 36,606 tons (+57.4% Y/Y) with average selling price of $2,517 (+1.7% Y/Y).
  • Q3 Segment gross margins: Carbon flat improved by 71 bps to 20.3%; Specialty Metals improved by 246 bps to 15.4% and Tubular & pipe products declined by 378 bps to 24.4%.
  • Q3 operating margin improved by 248 bps to 4.07%.
  • Net cash used for operating activities YTD was $63.13M, compared to $46.62M a year ago.
  • Previously: Olympic Steel beats by $0.36, beats on revenue (Nov. 8)
  • Previously: Olympic Steel declares $0.02 dividend (Nov. 8)

Recommended For You

About ZEUS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
ZEUS--
Olympic Steel, Inc.