Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 34

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 34
---
82.3

     315,984

     81.8

      Gross profit (a) 

     26,888

     19.1

     22,243

     17.7

     71,571

     17.7

     70,116

     18.2

      Operating expenses (b) 

     20,475

     14.5

     17,307

     13.8

     57,602

     14.3

     53,400

     13.9

      Operating income 
      
     $
     6,413

     4.6

     $
     4,936

     3.9

     $
     13,969

     3.4

     $
     16,716

     4.3

(a) Gross profit is calculated as net sales less the cost of materials sold.

(b) Operating expenses are calculated as total costs and expenses less the cost of materials sold.  

Tons sold by our specialty metals flat products segment increased three thousand to 33 thousand in the third quarter of 2025 from 30 thousand in the third quarter of 2024. Tons sold by our specialty metals flat products segment increased six thousand to 97 thousand in the first nine months of 2025 from 91 thousand in the first nine months of 2024. We do not report tons sold for our end-use products. 

Net sales in our specialty metals flat products segment increased $15.2 million, or 12.1%, to $140.9 million in the third quarter of 2025 from $125.7 million in the third quarter of 2024. Average selling prices in the third quarter of 2025 were $4,258 per ton, compared with $4,227 per ton in the third quarter of 2024. Net sales in our specialty metals flat products segment increased $19.0 million, or 4.9%, to $405.1 million in the first nine months of 2025 from $386.1 million in the third quarter of 2024. Average selling prices in the first nine months of 2025 were $4,180 per ton, compared with