Image source: The Motley Fool. Olympic Steel Inc (NASDAQ: ZEUS)Q3 2021 Earnings CallNov 5, 2021, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to Olympic Steel 2021 Third Quarter Financial Results Conference Call.
Olympic Steel (ZEUS) delivered earnings and revenue surprises of 56.11% and 3.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
CLEVELAND, November 04, 2021--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced record quarterly financial results for the three months ended September 30, 2021. Net income for the third quarter totaled $44.5 million, or $3.87 per diluted share, compared with a net loss of $1.5 million, or $0.13 per diluted share, in the third quarter of 2020. The results include $7.0 million ($0.45 per share impact) of LIFO pre-tax expense in the third quarter of 2021