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Latest News
OLYMPIC STEEL REPORTS 2009 FOURTH QUARTER AND ANNUAL FINANCIAL RESULTS
Cleveland, Ohio -- (February 25, 2010) Olympic Steel, Inc., (Nasdaq: ZEUS), a national steel service center, today announced its financial results for the fourth quarter and year ended December 31, 2009.
Net sales for the fourth quarter of 2009 totaled $138.5 million, a 45.4% decrease from the $253.6 million for the fourth quarter of 2008. Tons sold in the fourth quarter of 2009 decreased 15.1% to 194 thousand from 229 thousand in the fourth quarter of 2008. Fourth quarter 2009 net loss totaled $2.6 million, or $.24 per diluted share, compared to net income of $776 thousand, or $0.07 per diluted share, for last year’s fourth quarter.
Click here to read 2009 Fourth Quarter and Annual Financial Results (*pdf file)
4th Quarter 2009 Results & Conference Call-February 25, 2010-10:00 AM Eastern Time
Click here for Event Access
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