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Mar 31, 2022
Olympic Steel Q1 2022 Earnings Report
Olympic Steel achieved record quarterly sales and the second-most-profitable quarter in its history.
Key Takeaways
Olympic Steel reported record sales of $696 million and net income of $37.3 million, or $3.23 per diluted share, for the first quarter of 2022. The company's Specialty Metals and Pipe and Tube segments delivered record quarterly sales and profitability.
Olympic Steel reported record quarterly sales for Q1 2022.
The company's net income for Q1 2022 was $37.3 million, or $3.23 per diluted share.
Adjusted EBITDA for Q1 2022 was $56.0 million.
Specialty Metals and Pipe and Tube segments delivered record quarterly sales and profitability.
Revenue by Segment
Forward Guidance
The Company remains optimistic and expects to have a strong second quarter, as we see consistent demand across our end markets and a balanced inventory position in the service center industry.
Positive Outlook
- Consistent demand across end markets
- Balanced inventory position in the service center industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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