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    May 3, 2024

    Olympic Steel profits fall 12% in Q1

    Written by Ethan Bernard

    First quarter ended March 3120242023% Change
    Net sales$526.6$573.1-8.1%
    Net income (loss)$8.7$9.9-12.1%
    Per diluted share$0.75$0.85-11.8%
    (in millions of dollars except per share)

    Olympic Steel logged lower earnings in the first quarter of 2024, but the company said all three of its segments contributed to profitability.

    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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