Company: ZEUS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014325
Chunk: 19

Company: OLYMPIC STEEL INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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357   1,408 
 Total capital expenditures  $8,831  $4,818 

       As of  
   March 31,    December 31,  
 (in thousands)   2025    2024  
 Assets         
 Flat products segments  $710,454  $695,880 
 Tubular and pipe products   353,189   347,469 
 Corporate   1,079   1,147 
 Total assets  $1,064,722  $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  April 17, 2025, the Company entered into a Ninth Amendment to Third Amended and Restated Loan and Security Agreement, which extended the maturity date of the ABL Credit Facility to  April 17, 2030. The amendment also reset the Machinery and Equipment and Real Estate advanced rates, and at the date of the amendment, increased availability to $269 million. Additional financing fees incurred in connection with the amendment will be amortized over the length of the amended ABL Credit Facility. 

     18

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 of Operations contain forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause a difference include, but are not limited to, those discussed under Item 1A (Risk Factors) in our Annual Report on Form 10-K for the year ended December 31, 2024, and in Part II, Item 1A (Risk Factors) in this Quarterly Report on Form 10-Q. The following section is qualified in its entirety by the more detailed