Olympic Steel reported a net loss of $1.4 million for the fourth quarter 2013. Net sales for the quarter were $290.5 million, nearly even with Q4 2012 sales of $291.7 million Full year results showed an increase in net income to $7.6 million. Full year sales declined 8.7 percent to $1.3 billion in 2013, shy […]
Olympic Steel announced net income of $1.3 million compared to $1.6 million in third quarter 2012. Net sales dropped 11.3 percent year-over-year to $304 million for the third quarter. Flat products sales were $248 million and tubular and pipe product sales totaled $55.5 million for the quarter, both down from the same period last year. […]
Olympic Steel announced net income of $1.3 million compared to $1.6 million in third quarter 2012. Net sales dropped 11.3 percent year-over-year to $304 million for the third quarter. Flat products sales were $248 million and tubular and pipe product sales totaled $55.5 million for the quarter, both down from the same period last year. […]
By Sandy Williams Olympic Steel reported net income of $2.5 million in the second quarter of 2013, down from $4.5 million in the same period 2012. Net income for the first half was $7.7 million compared with $10.8 million in the first half last year. Total net sales were $330.8 million, down 10 percent from […]
Written by: Sandy Williams Despite a record year for sales, Olympic steel reported a disappointing fiscal year with net earnings of $2.3 million after a non-cash goodwill impairment charge of $6.6 million in the fourth quarter. In comparison, net earnings for 2011 were $25.0 million. Net sales for 2012 were a record $1.4 billion, up […]