Company: ZEUS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024377
Chunk: 21

Company: OLYMPIC STEEL INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 21
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124  $(8,874) $31,048 
 Other loss, net                   40 
 Interest and other expense on debt                   8,403 
 Income before income taxes                  $22,605 

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       For the Six Months Ended  
   June 30,  
 (in thousands)   2025    2024  
 Capital expenditures         
 Flat products segments  $16,883  $10,159 
 Tubular and pipe products   634   3,082 
 Total capital expenditures  $17,517  $13,241 

       As of  
   June 30,    December 31,  
 (in thousands)   2025    2024  
 Assets         
 Flat products segments  $716,785  $695,880 
 Tubular and pipe products   357,115   347,469 
 Corporate   1,010   1,147 
 Total assets  $1,074,910  $1,044,496 

   There were no material revenue transactions between the specialty metals flat products, carbon flat products and tubular and pipe products segments.
    
   The Company sells certain products internationally, primarily in Canada and Mexico. International sales are immaterial to the consolidated financial results and to the individual segments’ results. 

    16.  Subsequent Event: 

   On  July 4, 2025, the One Big Beautiful Bill Act (the OBBBA) was enacted in the U.S. The OBBBA includes the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business deductions. The legislation has multiple effective dates, with certain provisions effective in 2025. The Company is currently assessing its impact on our consolidated financial statements. 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our unaudited consolidated financial statements and accompanying notes contained herein and our consolidated financial statements, accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended December 31, 2024. The following Management’s Discussion and Analysis of Financial Condition and Results