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Olympic Steel (ZEUS)
:ZEUS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.64Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -5.68%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
Olympic Steel's earnings call presented a mixed picture with a focus on strategic investments and debt reduction as positives. However, these were offset by reduced profitability and demand challenges. The company shows resilience and a commitment to long-term growth through diversification and new equipment investments despite current economic headwinds.Company Guidance
In the third quarter of 2024, Olympic Steel demonstrated resilience in challenging market conditions, achieving $15 million in EBITDA on $470 million in sales across all segments, despite macroeconomic headwinds and lower OEM demand, particularly in the heavy equipment sector. The company strategically diversified into countercyclical steel-intensive products, invested in higher-margin opportunities, and expanded fabrication capabilities, contributing to positive EBITDA in all segments. Olympic Steel reduced its debt by approximately $12 million to $197 million and maintained $304 million in credit availability for growth initiatives. Looking forward, the company remains focused on managing costs, enhancing operational efficiency, and pursuing both organic growth and acquisitions to drive long-term resilience and shareholder value.EBITDA Positive Across All Segments
Olympic Steel achieved positive EBITDA across all three segments, generating $15 million in EBITDA on $470 million of sales in Q3 2024.
Debt Reduction
The company reduced its debt by approximately $12 million, bringing total debt down to $197 million.
Expansion and Investment in Capabilities
Significant investments in new equipment and automation, including new lasers, plasma cutting machines, and a high-speed specialty slitter, are planned for 2025 and 2026 to enhance growth strategies.
Strong Countercyclical Product Performance
Metal-Fab and McCullough Industries had strong quarters, contributing positively to the company's countercyclical end product strategy.
Access to Credit Availability
Olympic Steel has $304 million of credit availability to fund growth initiatives.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $68.99 | $68.91 | -0.12% |
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 Feb 20, 2025, TBA Not Confirmed.
What is Olympic Steel (ZEUS) earnings time?
Olympic Steel (ZEUS) earnings time is at Feb 20, 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 2024 (Q4) is 0.1.
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