secwatch.observer — SEC 8-K summary
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Issuer:     OLYMPIC STEEL INC (—)
CIK:        0000917470
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001437749-24-014394
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917470/000143774924014394/0001437749-24-014394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917470/000143774924014394/zeus20240501_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014394

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