Olympic Steel: Q1 Earnings Insights

Shares of Olympic Steel ZEUS were unchanged at $9.44 after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 88.89% over the past year to $0.02, which missed the estimate of $0.07.

Revenue of $354,380,000 less by 20.53% year over year, which missed the estimate of $388,670,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Olympic Steel hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 01, 2020

Webcast URL: https://olysteel.irpass.com/Calendar_of_Events

Technicals

52-week high: $18.41

52-week low: $7.74

Price action over last quarter: down 30.38%

Company Description

Olympic Steel Inc provides metals processing and distribution services in the United States. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The company also distributes tubular and pipe products through its subsidiary. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company's business activity is primarily carried out in the United States.