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Jun 30, 2022
Olympic Steel Q2 2022 Earnings Report
Olympic Steel achieved record quarterly sales and delivered the second-most-profitable quarter in its history.
Key Takeaways
Olympic Steel reported record quarterly sales of $709 million and net income of $37.6 million, or $3.26 per diluted share, for Q2 2022. The company's success is attributed to its expansion into higher-return, value-added products, acquisitions, and expense management.
Achieved all-time record quarterly sales, surpassing Q1 2022 results.
Specialty Metals achieved record quarterly sales and earnings.
Pipe and Tube continued its run of strong results.
Carbon Flat business delivered strong EBITDA.
Revenue by Segment
Forward Guidance
While metal pricing is declining during the third quarter, the company remains optimistic regarding underlying demand and its ability to consistently produce earnings in all market cycles
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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