Olympic Steel | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 496.48 M

LB filings
2025.08.01 20:12
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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.

Specialty Metals Flat Products

  • Net Sales: $134.7 million for Q2 2025, up from $130.9 million in Q2 2024. $264.2 million for the first six months of 2025, up from $260.4 million in the same period of 2024.
  • Cost of Materials Sold: $110.8 million for Q2 2025, up from $104.9 million in Q2 2024. $219.6 million for the first six months of 2025, up from $212.5 million in the same period of 2024.
  • Operating Income: $4.9 million for Q2 2025, down from $7.9 million in Q2 2024. $7.6 million for the first six months of 2025, down from $11.8 million in the same period of 2024.

Carbon Flat Products

  • Net Sales: $282.5 million for Q2 2025, down from $307.8 million in Q2 2024. $568.8 million for the first six months of 2025, down from $608.7 million in the same period of 2024.
  • Cost of Materials Sold: $209.6 million for Q2 2025, down from $244.0 million in Q2 2024. $425.0 million for the first six months of 2025, down from $479.6 million in the same period of 2024.
  • Operating Income: $7.4 million for Q2 2025, up from $5.4 million in Q2 2024. $13.2 million for the first six months of 2025, down from $14.0 million in the same period of 2024.

Tubular and Pipe Products

  • Net Sales: $79.2 million for Q2 2025, down from $87.6 million in Q2 2024. $156.4 million for the first six months of 2025, down from $183.8 million in the same period of 2024.
  • Cost of Materials Sold: $54.3 million for Q2 2025, down from $57.6 million in Q2 2024. $104.7 million for the first six months of 2025, down from $121.9 million in the same period of 2024.
  • Operating Income: $3.9 million for Q2 2025, down from $6.5 million in Q2 2024. $8.0 million for the first six months of 2025, down from $14.1 million in the same period of 2024.

Corporate Expenses

  • Corporate Expenses: Increased by $0.2 million to $4.8 million in Q2 2025 from $4.6 million in Q2 2024. Increased by $0.7 million to $9.6 million in the first six months of 2025 from $8.9 million in the same period of 2024.

Cash Flow

  • Operating Cash Flow: $64.9 million generated in the first six months of 2025, compared to -$5.5 million used in the same period of 2024.
  • Investing Activities: $17.5 million used in the first six months of 2025, compared to $13.2 million in the same period of 2024.
  • Financing Activities: $44.6 million used in the first six months of 2025, compared to $14.9 million generated in the same period of 2024.

Outlook

  • The company anticipates that funds available under its ABL Credit Facility, together with funds generated from operations, will be sufficient to provide the necessary liquidity for anticipated working capital requirements, capital expenditure requirements, dividend payments, and any share repurchases and business acquisitions over at least the next 12 months and for the foreseeable future thereafter.
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