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Olympic Steel (ZEUS)
NASDAQ:ZEUS
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.9Last Year’s EPS
0.75Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 3.30%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call for Olympic Steel highlighted the company's ability to deliver profitable results and make strategic investments despite challenging market conditions. The successful acquisition of Metalworks and increased dividend show positive long-term strategic direction. However, year-over-year declines in net income and EBITDA, alongside increased debt, highlight the challenges faced. Overall, the sentiment is balanced.Company Guidance
During the Olympic Steel 2024 fourth quarter earnings call, the company provided several key metrics and insights into its financial performance and strategic initiatives. Olympic Steel reported total sales of $1.9 billion for 2024, with a net income of $23.0 million and an adjusted EBITDA of $72.5 million. The fourth quarter alone saw adjusted EBITDA of $14.5 million, reflecting a sequential improvement over the third quarter's $13 million. The company highlighted its successful acquisition of Metalworks for $80 million, which is expected to enhance its carbon segment. Operating expenses for the fourth quarter were $96.5 million, compared to $100.4 million in the previous year. Capital expenditures for 2024 were $29.5 million, with a planned increase to $35 million in 2025, aimed at automation and capacity expansion. Additionally, the board approved a 7% increase in the quarterly dividend, raising it to $0.16 per share. As Olympic Steel navigates challenges in the metals industry, it remains focused on profitable growth and strategic investments.Profitable Results in Challenging Environment
Olympic Steel managed to deliver profitable results in 2024 despite a challenging metals industry environment, with net income of $23 million and adjusted EBITDA of $72.5 million.
Successful Acquisition of Metalworks
The acquisition of Metalworks in November 2024 for $80 million is expected to be immediately accretive, expanding Olympic Steel's product portfolio and strategic fit with their service center business.
Increase in Dividend
The board increased the quarterly dividend by 7%, from $0.15 to $0.16 per share, marking the fourth increase since 2022.
Growth in Galvanized Products
Olympic Steel's galvanized participation grew by 17% in 2024, following a 24% increase in 2023.
Strategic Investments in Automation and Capacity Expansion
Olympic Steel announced significant projects for 2025 and early 2026, including new cut-to-length lines and automation projects to enhance throughput, safety, and productivity.
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ZEUS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ZEUS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $36.67 | $37.88 | +3.30% |
| Oct 31, 2024 | $35.75 | $34.45 | -3.64% |
| Aug 01, 2024 | $47.08 | $44.51 | -5.46% |
| May 02, 2024 | $63.04 | $56.97 | -9.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Olympic Steel (ZEUS) report earnings?
Olympic Steel (ZEUS) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Olympic Steel (ZEUS) earnings time?
Olympic Steel (ZEUS) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZEUS EPS forecast?
ZEUS EPS forecast for the fiscal quarter 2025 (Q1) is 0.9.
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