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Olympic Steel Reports Fourth-Quarter 2024 Results

1. ZEUS income fell from $7.4M to $3.9M. EPS dropped from $0.64 to $0.33. 2. LIFO pre-tax income declined from $5.3M to $3.1M. Results show operational pressures.

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FAQ

Why Bearish?

The earnings report reveals a significant drop in net income and EPS, which historically often triggers negative sentiment and short-term stock declines in industrial companies.

How important is it?

A marked decrease in earnings, especially in key metrics like net income and LIFO pre-tax income, is likely to dampen investor confidence in the near term.

Why Short Term?

Earnings announcements typically lead to immediate market reactions; similar reports in the past have led to swift price declines.

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NUESTLD
CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2024. Fourth-Quarter Results Net income for the fourth quarter totaled $3.9 million, or $0.33 per diluted share, compared with net income of $7.4 million, or $0.64 per diluted share, in the fourth quarter of 2023. The results include $3.1 million of LIFO pre-tax income in the fourth quarter of 2024, compared with $5.3 mi.

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