Strategy to diversify and expand into higher-value processing and manufactured products contributes to financial performance in the face of pricing headwinds
Company remains in a strong operational.
Strong finish to the year led by Pipe and Tube segment delivering its second most profitable year ever
Shareholders rewarded with a quarterly dividend increase of 20% from $0.125 to $0.15 per.
Olympic Steel, Inc. , a leading national metals service center, today announced results for the three and 12 months ended December 31, 2023.
Fourth-Quarter Results
Net income for the fourth quarter totaled $7.4 million, or $0.64 per diluted.
Olympic Steel Stock: Headwinds Ahead But This Stock Is A Winner (NASDAQ:ZEUS) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
CLEVELAND, October 02, 2023 Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has acquired Central Tube & Bar (CTB). The all-cash purchase is expected to be immediately accretive. Terms were not disclosed.