Olympic Steel reports Q2 adjusted EPS 50c vs 60c last year

Reports Q2 revenue $496.483 vs $526.25M last year. “Olympic Steel (ZEUS) continued to deliver solid results in the second quarter against a backdrop of macroeconomic uncertainty and related headwinds facing the metals industry,” said Richard T. Marabito, Chief Executive Officer. “Our strategic actions over the last several years, combined with our operational disciplines, have enabled us to build a stronger, more resilient Olympic Steel that can achieve profitable results in any environment. In the second quarter, our team delivered a sequential increase in Adjusted EBITDA, despite declining market demand for metals. All three of our segments contributed positive EBITDA for the quarter and six months.”