OLYMPIC STEEL INC ZEUS Income Statement

Olympic steel inc (ZEUS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Direct
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	228
Toll
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23
Total tons sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	252
Net sales
354,380	319,740	384,230	429,151	445,919	429,590	456,976	452,917	375,598	308,166	331,442	356,195	334,893	254,904	268,255	273,608	258,349	237,505	276,922	315,251	345,865	326,693	376,617	386,047	346,913	290,473	303,990	330,804	338,064	291,724	342,560	367,365	382,052	319,944	348,547	299,000	294,381	209,185	212,756
Costs and expenses
Cost of materials sold (excludes items shown seperately below)
282,522	251,130	311,104	351,494	366,382	356,754	365,362	356,061	294,777	248,366	265,351	283,041	258,454	203,495	211,037	205,688	199,820	188,265	218,172	255,838	279,939	268,342	305,080	311,421	275,467	230,225	240,974	261,854	266,154	234,792	276,504	295,878	306,678	257,824	281,058	238,618	230,962	171,730	169,410
Warehouse and processing
23,076	23,519	25,204	25,123	25,611	24,986	25,330	23,813	23,436	21,555	20,531	21,838	23,501	17,960	20,034	21,035	20,492	19,891	21,261	21,722	22,537	22,099	24,926	23,785	21,360	21,314	20,953	21,559	20,506	20,497	21,667	21,003	21,222	20,997	19,471	16,371	15,590	13,436	13,049
Administrative and general
19,059	18,786	18,552	19,396	20,129	19,515	21,197	21,523	18,872	16,960	16,647	17,887	18,165	15,000	16,003	16,011	16,040	15,700	15,943	16,014	17,330	16,876	18,260	18,146	18,937	16,584	15,617	18,170	18,149	15,606	16,765	17,508	18,374	15,817	16,461	13,667	13,211	9,388	10,327
Distribution
12,289	10,989	11,840	12,495	12,835	12,270	12,552	13,386	12,139	10,282	10,574	10,568	10,365	8,728	8,995	9,560	9,207	8,254	8,950	9,568	9,301	9,525	10,941	10,990	9,856	8,382	8,739	8,981	8,974	8,049	8,682	9,219	9,059	8,062	8,080	6,139	6,208	5,176	5,080
Selling
6,810	7,080	6,999	7,420	7,340	7,312	7,373	7,107	7,228	6,481	6,797	6,496	6,511	5,699	5,629	6,045	5,687	5,052	5,315	4,900	5,891	5,494	6,304	6,483	6,518	5,962	5,986	6,371	6,586	6,646	7,085	6,763	7,141	6,803	7,209	5,127	5,804	6,164	4,804
Occupancy
2,660	2,400	2,308	2,466	2,798	2,228	2,348	2,297	2,555	2,211	2,150	2,191	2,310	2,088	2,135	2,158	2,337	2,280	2,196	2,306	2,710	2,408	2,348	2,426	2,870	2,274	2,200	2,322	2,599	2,176	2,057	2,115	2,323	2,089	2,297	1,667	1,826	1,297	1,243
Depreciation
4,516	4,475	4,292	4,488	4,431	4,504	3,953	4,164	4,024	4,073	3,883	4,319	4,314	4,365	4,172	4,550	4,509	4,520	4,409	4,628	4,590	4,553	4,418	5,466	5,454	5,634	5,124	5,301	5,293	5,335	4,953	4,913	4,770	4,189	4,434	3,512	3,467	3,270	3,259
Amortization
397	346	350	329	319	247	247	247	222	222	223	222	222	222	223	222	222	222	223	222	222	222	223	222	222	222	223	222	222	222	223	222	222	-	222	-	-	-	-
Goodwill and intangible asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	24,451	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
351,329	318,725	380,649	423,211	439,845	427,816	438,362	428,598	363,253	310,150	326,156	346,562	323,842	257,557	268,228	265,269	258,314	244,684	276,469	339,649	342,520	353,355	372,500	378,939	340,684	290,597	299,816	324,780	328,483	299,906	337,936	357,621	369,789	316,003	339,232	285,101	277,068	210,461	207,172
Operating income
3,051	1,015	3,581	5,940	6,074	1,774	18,614	24,319	12,345	-1,984	5,286	9,633	11,051	-2,653	27	8,339	35	-7,179	453	-24,398	3,345	-	-	7,108	6,229	-124	4,174	6,024	9,581	-8,182	4,624	9,744	12,263	3,941	9,315	13,899	17,313	-1,276	5,584
Operating income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (loss), net
-17	1	12	-59	14	-185	17	-93	-46	-42	-22	-28	-26	-13	21	-58	-5	16	-84	-26	-31	-104	-20	-4	2	-9	-1	-41	23	-7	51	5	34	-	91	-	-	-	-
Income before interest and income taxes
3,034	1,016	3,593	5,881	6,088	1,589	18,631	24,226	12,299	-2,026	5,264	9,605	11,025	-2,666	48	8,281	30	-7,163	369	-24,424	3,314	-26,766	4,097	7,104	6,231	-133	4,173	5,983	9,604	-8,225	4,675	9,749	12,297	3,002	9,224	13,899	17,313	-1,276	-
Interest and other expense on debt
2,239	2,304	2,569	3,174	3,242	3,102	2,923	2,670	1,986	2,138	1,966	1,788	1,626	1,378	1,336	1,274	1,285	1,251	1,405	1,471	1,563	1,645	1,602	1,779	1,754	1,648	1,689	1,668	1,698	1,946	2,120	2,183	2,108	2,085	2,237	826	805	602	521
Income before income taxes
795	-1,288	1,024	2,707	2,846	-1,513	15,708	21,556	10,313	-4,164	3,298	7,817	9,399	-4,044	-1,288	7,007	-1,255	-8,414	-1,036	-25,895	1,751	-28,411	2,495	5,325	4,477	-1,781	2,484	4,315	7,906	-10,171	2,555	7,566	10,189	917	6,987	13,073	16,508	-1,878	5,063
Income tax provision
202	-398	433	626	772	-196	4,109	5,708	2,684	-8,351	1,018	3,020	1,700	-1,940	469	3,457	-488	-3,426	-438	-3,635	682	-1,520	939	1,831	1,700	-400	1,144	1,790	2,743	-53	916	3,040	3,959	352	851	5,127	6,185	-641	1,809
Net income
593	-890	591	2,081	2,074	-1,317	11,599	15,848	7,629	4,187	2,280	4,797	7,699	-2,104	-1,757	3,550	-767	-4,988	-598	-22,260	1,069	-26,891	1,556	3,494	2,777	-1,381	1,340	2,525	5,163	-10,118	1,639	4,526	6,230	565	6,136	7,946	10,323	-1,237	3,254
Loss on cash flow hedge
-3,397	-	-596	-1,739	-1,457	-	-	-	-	-	-	-	-	30	0	36	48	-	-278	71	-	-222	141	42	51	86	-66	208	3	-	-165	-403	-	-	-	-	-	-	-
Tax effect on cash flow hedge
-849	-	-155	-452	-379	-	-	-	-	-	-	-	-	-	0	14	-	-	-107	27	-	-	54	-16	-	-	25	-80	-	-	-	-	-	-	-	-	-	-	-
Reclassification of loss included in net income, net of tax of $804 for 2015
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-364	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on cash flow hedges, net of tax of $30 at March 31, 2016 and $397 at March 31, 2015.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-636	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income
-1,955	-365	150	794	996	-1,317	11,599	15,848	7,629	-	-	-	-	-2,104	-1,757	3,572	-719	-4,110	-405	-22,216	433	-27,168	1,643	3,520	2,828	-1,329	1,299	2,653	5,166	-10,129	1,474	4,123	6,230	-	6,136	7,946	-	-	-
Earnings per share:
Net income per share - basic (in dollars per share)
0.05	-0.07	0.05	0.18	0.18	-0.12	1.01	1.39	0.67	0.37	0.20	0.42	0.68	-0.19	-0.16	0.32	-0.07	-0.45	-0.05	-1.99	0.10	-2.42	0.14	0.32	0.25	-0.13	0.12	0.23	0.47	-0.92	0.15	0.41	0.57	0.05	0.56	0.73	0.94	-0.11	0.30
Weighted average shares outstanding - basic (in shares)
11,444	11,713	11,420	11,415	11,488	11,431	11,444	11,435	11,418	11,386	11,386	11,383	11,369	11,223	11,219	11,216	11,182	11,169	11,203	11,201	11,195	11,182	11,120	11,089	11,089	11,098	11,066	11,062	11,034	11,047	10,961	10,960	10,988	10,941	10,937	10,935	10,935	10,909	10,905
Net income per share - diluted (in dollars per share)
0.05	-0.07	0.05	0.18	0.18	-0.12	1.01	1.39	0.67	0.37	0.20	0.42	0.68	-0.19	-0.16	0.32	-0.07	-0.45	-0.05	-1.99	0.10	-2.42	0.14	0.32	0.25	-0.13	0.12	0.23	0.47	-0.92	0.15	0.41	0.57	0.05	0.56	0.73	0.94	-0.11	0.30
Weighted average shares outstanding - diluted (in shares)
11,459	11,713	11,420	11,415	11,488	11,461	11,446	11,435	11,418	11,379	11,386	11,390	11,369	11,223	11,219	11,216	11,182	11,169	11,203	11,201	11,195	11,181	11,120	11,089	11,090	11,105	11,077	11,072	11,042	11,027	10,967	10,989	10,997	10,961	10,951	10,947	10,945	10,909	10,922
Dividends declared per share of common stock (in dollars per share)
0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-