Olympic Steel reports Q2 adjusted EPS $1.24, consensus $1.22

Reports Q2 revenue $569.267M vs $709.176M last year. “Olympic Steel continued to deliver strong performance in the second quarter,” said Richard Marabito, Chief Executive Officer. “The consistency of our results, despite lower metals prices and challenges in the overall economy, is directly attributable to our efforts to diversify our product offerings and invest capital in higher-return opportunities. Our Carbon and Tubular and Pipe segments led the way, while our Specialty Metals business remained steady in the face of industry-wide white metals headwinds.”