NASDAQ$ZEUS
Olympic Steel Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Olympic Steel reported its fourth-quarter 2024 earnings with a sequential improvement in profitability.
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.
Headline financials
Revenue & EPS history
Olympic Steel · Revenue · Quarterly
$419M
Revenue by segment
Olympic Steel · $526M total across 3 segments · Q3 2023
- Carbon Flat Products$304M-9.5%57.8%
- Specialty Metals Flat Products$133M-29.5%25.2%
- Tubular and Pipe Products$89.2M-18.8%16.9%
Forward guidance
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.
Tailwinds
- Confidence in sustaining profitability and driving growth.
- Well-positioned to continue investing in organic growth opportunities.
- Ability to pursue additional acquisitions that enhance higher-value product offerings.
- Further support for diversification strategy.
- Continued monitoring of macro factors impacting the industry.
Headwinds
- Supply disruptions and inflationary pressures, including rising labor and energy costs.
- Risks associated with shortages of skilled labor.
- Volatile metals prices and inventory devaluation.
- Rising interest rates and their impacts on variable interest rate debt.
- Risks associated with economic sanctions and global conflicts affecting metals supply and pricing.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q4 2024
+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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