Steel Mills
May 2, 2018
Olympic Steel Shows Strength in Q1
Written by Sandy Williams
Olympic Steel reported that net sales jumped 12 percent year-over-year to $335 million in first quarter after all three of its operating segments reported double-digit growth.
“Accelerating shipments and rising prices throughout the first quarter resulted in our highest operating income in any quarter since 2011,” said Chairman and CEO Michael Siegal. Operating income increased 12 percent to $12.3 million compared to first-quarter 2017 and net income was $7.6 million.
