Olympic Steel earnings soar in Q4

Olympic Steel

Fourth quarter ended Dec. 31	2023	2022	% Change
Net sales	$489.4	$520.0	-5.9%
Net earnings (loss)	$7.41	$3.96	87.1%
Per diluted share	$0.64	$0.34	88.2%
Twelve months ended Dec. 31
Net sales	$2,158.2	$2,560.0	-15.7%
Net earnings (loss)	$44.5	$90.9	-51.0%
Per diluted share	$3.85	$7.87	-51.1%

(in millions of dollars except per share)

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.