NASDAQ$ZEUS
Olympic Steel Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Olympic Steel delivered its strongest performance of the year due to operational discipline and improved market conditions, resulting in stronger profitability and debt reduction.
Olympic Steel reported net income of $1.8 million, or $0.16 per diluted share, for the fourth quarter of 2020, compared to a net loss of $0.9 million, or $0.08 per diluted share, for the fourth quarter of 2019. Sales for the fourth quarter of 2020 totaled $332 million, compared with $320 million in the fourth quarter of 2019.
- Net income for the fourth quarter totaled $1.8 million, or $0.16 per diluted share.
- Adjusted EBITDA for the fourth quarter of 2020 was $9.9 million.
- Sales for the fourth quarter of 2020 totaled $332 million.
- The company successfully acquired Action Stainless & Alloys, Inc. in December 2020.
Headline financials
Revenue & EPS history
Olympic Steel · Revenue · Quarterly
$332M
Revenue by segment
Olympic Steel · $332M total across 3 segments · Q4 2020
- Carbon Flat Products$179M+0.9%53.9%
- Specialty Metals Flat Products$89.3M+9.0%26.9%
- Tubular and Pipe Products$63.7M+4.7%19.2%
Forward guidance
Olympic Steel expects significantly higher profitability in the first quarter of 2021, driven by favorable market conditions and high metal prices.
Tailwinds
- Market conditions are favorable.
- Metal prices have reached all-time highs.
- The company will stay vigilant in its operational discipline.
- The company will capitalize on efficiencies.
- The company will operate with flexibility in the face of the ongoing pandemic, the recovering economy and changing industry dynamics.
Headwinds
- Ongoing pandemic
- Recovering economy
- Changing industry dynamics
- Risks associated with the novel coronavirus, or COVID-19, pandemic, including, but not limited to supply chain disruptions and customer closures
- Falling metals prices and inventory devaluation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
+0.2%
Avg return
Earnings day
-4.2%
Avg return
5 days after
-3.4%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+45.6%
Q1 2015
Best reaction
-15.4%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | -1.4% | +8.5% | |
| Q2 2025 | +1.3% | -1.9% | +8.4% | |
| Q1 2025 | +9.2% | +0.4% | -7.3% | |
| Q4 2024 | +3.3% | -1.8% | -13.2% | |
| Q3 2024 | -5.0% | +2.9% | +15.9% | |
| Q2 2024 | -11.5% | -14.1% | -20.5% | |
| Q1 2024 | -9.2% | -16.2% | -17.8% | |
| Q4 2023 | +0.3% | -1.8% | -1.5% | |
| Q3 2023 | -5.2% | — | — | |
| Q2 2023 | +5.1% | — | — | |
| Q1 2023 | -1.3% | — | — | |
| Q4 2022 | +0.9% | — | — | |
| Q3 2022 | +7.8% | — | — | |
| Q2 2022 | +2.5% | — | — | |
| Q1 2022 | -7.1% | — | — | |
| Q4 2021 | +14.4% | — | — | |
| Q3 2021 | -2.8% | — | — | |
| Q2 2021 | +10.0% | — | — | |
| Q1 2021 | +7.7% | — | — | |
| Q4 2020 | -6.9% | — | — | |
| Q3 2020 | +6.5% | — | — | |
| Q2 2020 | +0.5% | — | — | |
| Q1 2020 | -0.2% | — | — | |
| Q4 2019 | +3.7% | — | — | |
| Q3 2019 | -5.9% | — | — | |
| Q2 2019 | -4.2% | — | — | |
| Q1 2019 | +10.0% | — | — | |
| Q4 2018 | -5.4% | — | — | |
| Q3 2018 | -0.2% | — | — | |
| Q2 2018 | +2.5% | — | — | |
| Q1 2018 | -4.7% | — | — | |
| Q4 2017 | -7.3% | — | — | |
| Q3 2017 | +5.1% | — | — | |
| Q2 2017 | +2.1% | — | — | |
| Q1 2017 | +19.6% | — | — | |
| Q4 2016 | -9.6% | — | — | |
| Q3 2016 | -12.2% | — | — | |
| Q2 2016 | -15.4% | — | — | |
| Q1 2016 | +11.4% | — | — | |
| Q4 2015 | +1.2% | — | — | |
| Q3 2015 | +0.3% | — | — | |
| Q2 2015 | +5.1% | — | — | |
| Q1 2015 | +45.6% | — | — | |
| Q4 2014 | +8.2% | — | — | |
| Q3 2014 | -8.4% | — | — | |
| Q2 2014 | -5.3% | — | — | |
| Q1 2014 | -3.2% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | -14.3% | — | — | |
| Q2 2013 | +10.2% | — | — | |
| Q1 2013 | +13.6% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | -2.7% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q1 2011 | -5.9% | — | — | |
| Q1 2012 | +3.7% | — | — | |
| Q4 2009 | -3.9% | — | — | |
| Q4 2011 | -3.9% | — | — | |
| Q3 2011 | +1.0% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q2 2011 | -13.2% | — | — | |
| Q4 2010 | -13.2% | — | — | |
| Q2 2010 | -13.2% | — | — | |
| Q1 2010 | -2.4% | — | — |
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