Olympic Steel, a metals service center headquartered in Cleveland, Ohio, reported net sales of 376.6 million for third quarter, an increase of 23.9 percent year over year and a new third quarter sales record. Net sales on flat products totaled $312 million while sales for tubular and pipe products totaled $63.8 million. Flat rolled shipments […]
Metal Center News published their top 50 service centers based on volume with Reliance Steel & Aluminum taking top honors once again by a wide margin. Reliance 2013 revenues were $9.22 billion up from 2012 revenues of $8.44 billion. The next five service centers are closely bunched with revenues of at least $3.0 billion but […]
Olympic Steel & Aluminum posted the highest net sales in its history. Second quarter sales increased 16.7 percent year-over-year to $386.0 million, due to increased market share and higher sales volume. Net income jumped 38 percent to $3.5 million from $2.5 million in Q2 2013. Flat product volume was up 17 percent in Q2 to […]
Higher volumes increased Olympic Steel net sales 2.6 percent to $347 million in Q1 2014 from $338 million a year ago. Net sales increased sequentially by 19 percent despite adverse shipping conditions. Net income totaled $2.8 million, down from 5.16 million in 2013 Flat steel volume increased 3 percent y/y to 299,000 tons for the […]
Olympic Steel announced the promotion of Stephen Reyes to Vice President, Sales and Marketing—Flat Rolled. Reyes will be responsible for the planning and execution of Olympic Steel’s flat-rolled sales and marketing strategies on a company-wide basis. He will remain based in Minneapolis and will report to Raymond G. Walker, President and Chief Operating Officer – […]
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 […]