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Article: Olympic Steel Reports 2009 Third Quarter Results.(Financial report)
- Article from:
- Mining & Minerals
- Article date:
- November 13, 2009
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Olympic Steel, Inc., (Nasdaq: ZEUS), a national steel service center, announced its financial results for the third quarter and nine months ended September 30, 2009.
Net sales for the third quarter of 2009 totaled $121.6 million, a 63.7% decrease from the $335.2 million for the third quarter of 2008. Tons sold in the third quarter of 2009 decreased 32.2% to 181 thousand from 268 thousand in the third quarter of 2008. Third quarter 2009 net income totaled $671 thousand, or $.06 per diluted share, compared to net income of $24.2 million, or $2.21 per diluted share for last year's third quarter.
Net sales for the first nine months of 2009 totaled $384.9 ...