Olympic Steel | 8-K: FY2025 Q2 Revenue Beats Estimate at USD 496.48 M

Revenue: As of FY2025 Q2, the actual value is USD 496.48 M, beating the estimate of USD 484.4 M.

EPS: As of FY2025 Q2, the actual value is USD 0.45, beating the estimate of USD 0.35.

EBIT: As of FY2025 Q2, the actual value is USD 11.35 M, beating the estimate of USD 9.9 M.

Segment Revenue

• Carbon Flat Products: Net sales were $282.5 million for Q2 2025, compared to $307.8 million in Q2 2024.
• Specialty Metals Flat Products: Net sales were $134.7 million for Q2 2025, compared to $130.9 million in Q2 2024.
• Tubular and Pipe Products: Net sales were $79.2 million for Q2 2025, compared to $87.6 million in Q2 2024.

Operational Metrics

• Net Income: $5.2 million for Q2 2025, compared to $7.7 million in Q2 2024.
• Adjusted EBITDA: $20.3 million for Q2 2025, compared to $21.3 million in Q2 2024.
• Operating Income: $11.4 million for Q2 2025, compared to $15.1 million in Q2 2024.
• Operating Costs: Total costs and expenses were $485.1 million for Q2 2025, compared to $511.1 million in Q2 2024.

Cash Flow

• Net Cash from Operating Activities: $64.9 million for the six months ended June 30, 2025, compared to -$5.5 million for the same period in 2024.

Unique Metrics

• Average Selling Price per Ton: For Carbon Flat Products, the average selling price per ton was $1,315 in Q2 2025, compared to $1,343 in Q2 2024.

Outlook / Guidance

Olympic Steel is well-positioned to continue investing in growth initiatives with a strong balance sheet and more than $300 million of borrowing availability. The company expects sales growth and improvements in productivity and safety through automation as new processing and automation equipment becomes fully operational. Additionally, acquisitions remain a key part of their strategy to complement existing businesses.