---
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"
generated_at: "2026-06-03T01:40:01.413879+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Olympic Steel Q1 net income $8.7M ($0.75 EPS); sales $527M, down 8% YoY; dividend $0.15

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-014394
- form_type: 8-K
- cik: 0000917470
- company_name: OLYMPIC STEEL INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014394
- JSON: https://secwatch.observer/filing/0001437749-24-014394.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014394.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $527 million
  - Net income: $8.7 million
  - EPS: $0.75 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/917470/000143774924014394/0001437749-24-014394-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.