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    August 2, 2024

    Olympic Steel Q2 earnings slide on 'challenging' conditions

    Written by Ethan Bernard

    Olympic Steel

    Second quarter ended June 3020242023% Change
    Net sales$526.3$569.3-7.6%
    Net earnings (loss)$7.7$15.0-49.0%
    Per diluted share$0.66$1.30-49.2%
    Six months ended June 30
    Net sales$1,052.9$1,142.3-7.8%
    Net earnings (loss)$16.4$24.9-34.3%
    Per diluted share$1.40$2.15-34.9%
    (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.

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