Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 372

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 372
---
,931  $90,931 
 Payment of dividends   -   -   (4,006)  (4,006)
 Stock-based compensation   1,297   -   -   1,297 
 Change in fair value of hedges   -   3,307   -   3,307 
 Balance at December 31, 2022  $134,724  $1,311  $379,933  $515,968 
                 
 Net income  $-  $-  $44,529  $44,529 
 Payment of dividends   -   -   (5,566)  (5,566)
 Stock-based compensation   1,817   -   -   1,817 
 Change in fair value of hedges   -   (1,270)  -   (1,270)
 Balance at December 31, 2023  $136,541  $41  $418,896  $555,478 
                 
 Net income  $-  $-  $22,980  $22,980 
 Payment of dividends   -   -   (6,680)  (6,680)
 Stock-based compensation   1,997   -   -   1,997 
 Change in fair value of hedges   -   149   -   149 
 Balance at December 31, 2024  $138,538  $190  $435,196  $573,924 

The accompanying notes are an integral part of these consolidated statements.

     52

Olympic Steel, Inc.

Notes to Consolidated Financial Statements

For The Years Ended December 31, 2024, 2023 and 2022

    1.  Summary of Significant Accounting Policies: 

   Nature of Business
    
   The Company operates in three reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. The specialty metals flat products segment and the carbon flat products segment are at times consolidated and referred to as the flat products segments. Certain of the flat products segments’ assets and resources are shared by the specialty metals and carbon flat products segments, and both segments’ products are stored in the