fbpx

More on Olympic Steel Q4 results

More on Olympic Steel Q4 results

Olympic Steel (ZEUS -1.6%) reported Q4 net sales growth of 39.4%Y/Y to $429.59M, increase was due to higher shipping volumes and higher average prices.

Sales by segments: Carbon flat $270.3M (+35.3% Y/Y); Specialty Metals $88.4M (+65.5% Y/Y) and Tubular & pipe products $70.9M (+29.1% Y/Y).

Carbon flat sold 259,181 tons (+0.4% Y/Y) with average selling price of $1,043 (+34.8% Y/Y) and Specialty Metals sold 35,312 tons (+66.8% Y/Y) with average selling price of $2,505 (-0.7% Y/Y).

Q4 Segment gross margins: Carbon flat declined 194 bps to 17.3%; Specialty Metals declined by 224 bps to 12% and Tubular & pipe products declined by 319 bps to 21.7%.

Q4 operating income totaled $1.8M, compared to an operating loss of $2M in 2017.

Net cash used for operating activities YTD was -$50.5M, compared to -$19.04M a year ago.

Debt-to-equity ratio of 0.99%.

Previously: Olympic Steel misses by $0.05, beats on revenue (Feb. 15)

via Breaking News on Seeking Alpha
article link : https://seekingalpha.com/news/3434011-olympic-steel-q4-results?source=feed_news_all

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Laisser un commentaire

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *