Overview

* Olympic Steel ( ZEUS ) Q3 sales rise 4.5% yr/yr, beating analyst expectations

* Net income for Q3 declines to $2.2 mln from $2.7 mln yr/yr

* Company enters merger agreement with Ryerson, closing expected Q1 2026

Outlook

* Company did not provide specific financial guidance for future quarters or full year in press release

Result Drivers

* SPECIALTY METALS PERFORMANCE - Specialty Metals segment achieved its highest shipping volume in three years, contributing significantly to profitability

* MARGINS MAINTAINED - Despite softer demand, co maintained solid margins through diversification and focus on higher-margin opportunities

* STRATEGIC EXECUTION - Co attributes resilience to successful execution of strategy, including diversification and operational discipline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $491 mln $478.85

mln (2

Analysts

)

Q3 EPS $0.18

Q3 Net $2.20

Income mln

Q3 $15.40

Adjusted mln

EBITDA

Q3 $0.16

Dividend

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 ( ZEUS ) is $39.00, about 25.4% above its October 27 closing price of $29.08

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(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.)