Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 632

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 4
Chunk 632
---
)  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   12,261 
 Total current assets   580,591   603,169 
 Property and equipment, at cost   519,702   483,448 
 Accumulated depreciation   (315,866)  (297,340)
 Net property and equipment   203,836   186,108 
 Goodwill   83,818   52,091 
 Intangible assets, net   118,111   92,621 
 Other long-term assets   21,204   16,466 
 Right-of use assets, net   36,936   34,380 
 Total assets  $1,044,496  $984,835 
         
 Liabilities         
 Accounts payable  $80,743  $119,718 
 Accrued payroll   24,184   30,113 
 Other accrued liabilities   21,846   22,593 
 Current portion of lease liabilities