{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-014394","form_type":"8-K","ticker":null,"cik":"0000917470","company_name":"OLYMPIC STEEL INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.441908+00:00","generated_at":"2026-06-03T01:40:01.413879+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Olympic Steel Q1 net income $8.7M ($0.75 EPS); sales $527M, down 8% YoY; dividend $0.15","bullets":["Net income $8.7M ($0.75 diluted EPS) vs $9.9M ($0.85) in Q1 2023; adjusted EPS $0.77.","Sales $527M, down 8% from $573M in prior year; shipping volumes up 9% sequentially from Q4.","EBITDA $23.3M, comparable to $23.9M in Q1 2023; adjusted EBITDA $23.7M.","Board declared quarterly cash dividend $0.15/share, payable June 17, 2024 to holders of record June 3.","CEO cites strategy to diversify into higher-value processed products as counter-cyclical to falling steel prices."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-014394","json":"https://secwatch.observer/filing/0001437749-24-014394.json","markdown":"https://secwatch.observer/filing/0001437749-24-014394.md","text":"https://secwatch.observer/filing/0001437749-24-014394.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917470/000143774924014394/0001437749-24-014394-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917470/000143774924014394/zeus20240501_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:40:01.413879+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed53a57a5b7f376b501903637f92823986b0f03c","claim":"OLYMPIC STEEL INC reported first quarter ended March 31, 2024 results: revenue $527 million, net income $8.7 million, EPS $0.75 per diluted share.","evidence_excerpt":"Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2024. Net income for the first quarter totaled $8.7 million, or $0.75 per diluted share, compared with net income of $9.9 million, or $0.85 per diluted share, in the first quarter of 2023. The results include $0.4 million of LIFO expense in the first quarter of 2024, compared with no LIFO adjustment in the first quarter of 2023. EBITDA for the first quarter of 2024 was $23.3 million, comparable to the $23.9 million earned in the first quarter of 2023. The Company reported sales for the first quarter of 2024 totaling $527 million, compared with $573 million in the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/917470/000143774924014394/0001437749-24-014394-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$527 million"},{"label":"Net income","value":"$8.7 million"},{"label":"EPS","value":"$0.75 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}