Olympic Steel Reports Fourth-Quarter 2024 Results
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Olympic Steel (Nasdaq: ZEUS) reported a decrease in net income for Q4 2024, with $3.9 million compared to $7.4 million in Q4 2023. The results include $3.1 million of LIFO pre-tax income.
February 20, 2025 | 9:45 pm
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Olympic Steel's Q4 2024 net income decreased to $3.9 million from $7.4 million in Q4 2023, with LIFO pre-tax income of $3.1 million.
The decrease in net income from the previous year suggests a potential negative impact on the stock price. The LIFO pre-tax income is lower than the previous year, which may also contribute to a negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100