Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 18

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 Net sales  $386,100  $873,579  $263,209  $-  $1,522,888 
 Cost of materials sold   315,984   687,704   173,541   -   1,177,229 
 Operating expenses   50,478   159,202   62,468   12,859   285,007 
 Depreciation   2,083   10,277   5,173   52   17,585 
 Amortization   839   1,944   1,427   -   4,210 
 Operating income  $16,716  $14,452  $20,600  $(12,911) $38,857 
 Other loss, net                   66 
 Interest and other expense on debt                   12,283 
 Income before income taxes                  $26,508 

       18

       For the Nine Months Ended  
   September 30,  
 (in thousands)   2025    2024  
 Capital expenditures         
 Flat products segments  $23,965  $18,458 
 Tubular and pipe products   1,033   3,850 
 Total capital expenditures  $24,998  $22,308 

       As of  
   September 30,    December 31,  
 (in thousands)   2025    2024  
 Assets         
 Flat products segments  $728,754  $695,880 
 Tubular and pipe products   360,345   347,469 
 Corporate   959   1,147 
 Total assets  $1,090,058  $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  October 28, 2025, the Company entered into an Agreement and Plan of Merger (the Merger Agreement) with Ryerson Holding Corporation,