Olympic Steel delivered a solid finish to 2024, with fourth-quarter net income of $3.9 million and adjusted EBITDA of $14.5 million. Despite challenging market conditions, all three segments achieved positive EBITDA, demonstrating the success of their diversification strategy and operational discipline.
All three segments achieved positive EBITDA in every quarter of 2024, despite challenging market conditions.
Fourth quarter 2024 Adjusted EBITDA was sequentially higher than third quarter 2024.
The company continued its diversification strategy, completing its eighth acquisition in the past seven years with the acquisition of Metal Works.
Shareholders were rewarded with a quarterly dividend increase of 7%, from $0.15 to $0.16 per share.
The company is confident in its business, people, and strategy for sustaining profitability and driving growth, continuing to invest in organic growth opportunities and additional acquisitions.
Visualization of income flow from segment revenue to net income
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