Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 498

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 498
---
 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 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. 

     72

   The following tables provide financial information frequently shared with our CODM for the Company's reportable segments for the years ended  December 31, 2024, 2023 and 2022.

       For the Year Ended December 31, 2024  
   Specialty metals flat products    Carbon flat products    Tubular and pipe products    Other    Total  
 (in thousands)                     
 Net sales  $496,854  $1,109,100  $335,718  $-  $1,941,672 
 Cost of materials sold   406,229   864,590   219,672   -   1,490,491 
 Operating expenses   66,978   210,666   78,525   17,023   373,192 
 Depreciation   2,863   14,679   6,936   70   24,548 
 Amortization   1,056   2,750   1,776   -   5,582 
 Operating income  $19,728  $16,415  $28,809  $(17,093) $47,859 
 Other loss, net                   93 
 Interest and other expense on debt                   16,461 
 Income before income taxes                  $31,305 
                     
  For the Year Ended December 31, 2023 
  Specialty metals flat products  Carbon flat products  Tubular and pipe products  Other  Total 
 (in thousands)                     
 Net sales  $567,728  $1,221,093  $369,342  $-  $2,158,163 
 Cost of materials sold   473,784   963,667   247,212   -   1,684,663 
 Operating expenses   67,131