Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 714

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 6
Chunk 714
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2,453 
 Total costs and expenses   1,893,813   2,080,492   2,426,243 
 Operating income   47,859   77,671   133,747 
 Other loss, net   93   78   45 
 Income before interest and income taxes   47,766   77,593   133,702 
 Interest and other expense on debt   16,461   16,006   10,080 
 Income before income taxes   31,305   61,587   123,622 
 Income tax provision   8,325   17,058   32,691 
 Net income  $22,980  $44,529  $90,931 
             
 Gain (loss) on cash flow hedges   199   (1,693)  4,409 
 Tax effect of hedges   (50)  423   (1,102)
 Total comprehensive income  $23,129  $43,259  $94,238 
             
 Net income per share - basic  $1.97  $3.85  $7.87 
 Weighted average shares outstanding - basic   11,677   11,573   11,551 
 Net income per share - diluted  $1.97  $3.85  $7.87 
 Weighted average shares outstanding - diluted   11,677   11,578   11,559 
             
 Dividends declared per share of common stock  $0.60  $0.50  $0.36 

The accompanying notes are an integral part of these consolidated statements.

     48

Olympic Steel, Inc.

Consolidated Balance Sheets

As of December 31,

(in thousands)

      2024    2023  
 Assets         
 Cash and cash equivalents  $11,912  $13,224 
 Accounts receivable, net   166,149   191,149 
 Inventories, net (includes LIFO reserves of $6,341 and of $12,043 as of December 31, 2024 and 2023, respectively)   390,626   386,535 
 Prepaid expenses and other   11,904