Olympic Steel reports Q4 EPS 33c vs 64c last year

Reports Q4 revenue $419M vs $489M last year. “Olympic Steel (ZEUS) delivered a solid finish to the year with a sequential improvement in profitability in the fourth quarter,” said Richard T. Marabito, Chief Executive Officer. “In a year that was challenging for the metals industry, with demand and pricing both decreasing, we delivered on our strategy to be profitable in all market conditions. We successfully grew market share across our portfolio and outperformed industry shipments, with total annual shipping volumes within 1% of our 2023 levels. Importantly, each of our segments achieved positive EBITDA in every quarter of 2024 – a testament to the success of our diversification strategy, our commitment to operational discipline and the resilience of our team.”