Olympic Steel Q2 sales beat expectations at $496 mln

Olympic Steel

31/07/2025 21:47

Overview

Olympic Steel Q2 sales beat analyst expectations at $496 mln, per LSEG data

Net income for Q2 declines to $5.2 mln, adjusted EBITDA also down yr/yr

Company remains focused on growth initiatives and acquisitions

Outlook

Olympic Steel expects sales growth from new processing and automation equipment

Company remains focused on organic growth and strategic acquisitions

Result Drivers

SEQUENTIAL EBITDA INCREASE - Despite declining market demand, co achieved sequential increase in adjusted EBITDA, attributed to strategic actions and operational disciplines

TARIFF IMPACT - Positive trend in stainless and aluminum pricing following June tariff announcement, leading to increased inquiries for outsourced fabrication work

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$496 mln
$491.10 mln (3 Analysts)
Q2 EPS
$0.45
Q2 Net Income
$5.20 mln
Q2 Adjusted EBITDA
$20.30 mln
Q2 Dividend
$0.16


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy."

Wall Street's median 12-month price target for Olympic Steel Inc is $40.00, about 19.7% above its July 30 closing price of $32.10

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw8WtRkha

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)