Olympic Steel Reports Strong 2018 First-Quarter Results

Olympic Steel Inc., (Nasdaq: ZEUS), a leading national metals service center, announced financial results for the first quarter ended March 31, 2018. First-quarter 2018 net sales increased 12% to $376 million, compared with $335 million in last year’s same quarter. Consolidated gross margin expanded to 21.5% of net sales in the first quarter of 2018, up from 19.4% of net sales in the fourth quarter of 2017, and up from 20.7% of net sales in the 2017 full-year period. Operating income in 2018’s first quarter grew 12% to $12.3 million, versus $11.1 million in last year’s comparable quarter.

Read more at Olympic Steel Reports Strong 2018 First-Quarter Results.

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