Welcome to our dedicated page for Olympic Steel news (Ticker: $ZEUS), a resource for investors and traders seeking the latest updates and insights on Olympic Steel stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Olympic Steel's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Olympic Steel's position in the market.
Olympic Steel, Inc. (Nasdaq: ZEUS) reported financial results for Q1 2024, with net income of $8.7 million and sales of $527 million. Despite a decline in income and sales compared to Q1 2023, the company remains in a strong financial position. The CEO highlighted growth in shipping volumes, diversification into higher-value products, and market share gains. The company plans to invest in organic growth, automation, and acquisitions. A cash dividend of $0.15 per share was approved. Adjusted net income per diluted share was $0.77, compared to $1.15 in Q1 2023.