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    November 3, 2023

    Olympic's Q3 Earnings Up, But Sales Slide on Lower Metal Pricing

    Written by Ethan Bernard

    Olympic Steel’s earnings edged up in the third quarter vs. a year earlier, though sales declined due to lower metal pricing, the Cleveland-based metals service center said.

    The company reported net income of $12.2 million in the quarter ended Sept. 30, up 2% from $12 million a year earlier, on sales that slipped 17% to $526.4 million.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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