Olympic Steel reports Q1 EPS 21c vs 75c last year

Reports Q1 revenue $492.94M vs $526.64M last year. “Olympic Steel (ZEUS) had a strong shipping start to the year and delivered positive EBITDA in all three business segments in a challenging macro-economic environment for the steel industry,” said Richard T. Marabito, Chief Executive Officer. “Our flat-rolled shipping volumes were up 24% sequentially from the fourth quarter of 2024 and up 6% over the first quarter of the prior year, their highest levels since the third quarter of 2021, which was the height of the post-COVID pricing and demand market. In addition, our working capital management drove strong operating cash flow, which enabled us to reduce our debt by $37 million from year-end levels.”