Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 16

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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 products are stored in the shared facilities and, in some locations, processed on shared equipment. The reportable segments are defined based on the products they sell as each segment requires unique purchasing and marketing strategies. In addition, capital equipment requirements differ between segments. 
    
   The Company uses segment operating income as the measure of segment income or loss. The Company believes that segment operating income is most reflective of the operational profitability or loss of its reportable segments. 
    
   Segment operating income excludes certain Corporate expenses. These Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three segments), including the compensation for certain personnel, expenses related to being a publicly traded entity such as board of directors' expenses, audit expenses, and various other professional fees. 

       17

   The following tables provide financial information frequently shared with our CODM for the Company's reportable segments for the three and nine months ended  September 30, 2025 and 2024, respectively.

       For the Three Months Ended September 30, 2025  
   Specialty metals flat products    Carbon flat products    Tubular and pipe products    Other    Total  
 (in thousands)                     
 Net sales  $140,870  $268,214  $81,571  $-  $490,655 
 Cost of materials sold   113,982   202,670   56,377   -   373,029 
 Operating expenses   19,616   59,299   19,058   4,413   102,386 
 Depreciation   654   3,879   1,704   -   6,237 
 Amortization   205   1,089   445   -   1,739 
 Operating income  $6,413  $1,277  $3,987  $(4,413) $7,264 
 Other loss, net                   14 
 Interest and other expense on debt                   4,144 
 Income before income taxes                  $3,106 

       For the Nine Months Ended September 30, 2025  
   Specialty metals flat products    Carbon flat products    Tubular and pipe products    Other    Total  
 (in thousands)