Olympic Steel (NASDAQ:ZEUS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$526.6m (down 8.1% from 1Q 2023).

• Net income: US$8.70m (down 12% from 1Q 2023).

• Profit margin: 1.7% (in line with 1Q 2023).

• EPS: US$0.75 (down from US$0.85 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Olympic Steel EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 10%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.9% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 14% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Olympic Steel's balance sheet and an in-depth analysis of the company's financial position.

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