OLYMPIC STEEL INC (ZEUS) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Flat Products	2,132.6	1,929.9	1,003.5	1,290.5	1,416.8	1,096.8	860.9	957.9
Tubular and pipe products	427.4	382.4	230.7	288.5	298.3	233.9	194.2	217.6
Total revenues	2,560.0	2,312.3	1,234.1	1,579.0	1,715.1	1,330.7	1,055.1	1,175.5
Revenue growth [+]	10.7%	87.4%	-21.8%	-7.9%	28.9%	26.1%	-10.2%	-18.2%
Flat Products	10.5%	92.3%	-22.2%	-8.9%	29.2%	27.4%	-10.1%	-2.8%
Tubular and pipe products	11.8%	65.7%	-20.0%	-3.3%	27.6%	20.4%	-10.8%	-11.0%
Cost of goods sold [+]	13.2	12.5	9.7	10.0	9.4	8.9	8.7	951.7
Cost of product sales								942.2
Occupancy costs								9.5
Gross profit	2,546.8	2,299.8	1,224.5	1,569.1	1,705.7	1,321.8	1,046.4	223.8
Gross margin	99.5%	99.5%	99.2%	99.4%	99.5%	99.3%	99.2%	19.0%
Selling, general and administrative [+]	154.2	146.5	97.5	105.7	110.1	95.9	86.1	86.1
Sales and marketing	40.2	41.9	26.1	28.8	29.0	26.3	23.1	21.2
General and administrative	114.0	104.6	71.5	76.9	81.1	69.7	63.1	65.0
Other selling, general and administrative
Equity in earnings
Other operating expenses	2,239.1	1,960.5	1,106.9	1,427.7	1,520.9	1,184.4	954.5
EBITDA [+]	154.0	193.4	20.6	36.2	75.1	42.6	25.2	17.0
EBITDA growth	-20.4%	839.8%	-43.1%	-51.8%	76.4%	69.3%	47.6%	-53.3%
EBITDA margin	6.0%	8.4%	1.7%	2.3%	4.4%	3.2%	2.4%	1.4%
Depreciation	17.8	18.6	18.5	18.2	17.1	17.7	18.5	19.0
EBITA	136.2	174.8	2.1	18.0	58.0	24.9	6.6	-1.9
EBITA margin	5.3%	7.6%	0.2%	1.1%	3.4%	1.9%	0.6%	-0.2%
Amortization of intangibles	2.5	2.4	1.6	1.3	1.0	0.9	0.9	0.9
EBIT [+]	133.7	172.5	0.6	16.6	57.1	24.0	5.7	-2.8
EBIT growth	-22.5%	29998.8%	-96.6%	-70.9%	137.9%	317.3%	-303.3%	-119.3%
EBIT margin	5.2%	7.5%	0.0%	1.1%	3.3%	1.8%	0.5%	-0.2%
Non-recurring items [+]								25.0
Asset impairment								25.0
Interest expense	10.1	7.6	7.4	11.3	10.7	7.5	5.3	5.7
Interest expense	10.1	7.6	7.4	11.3	10.7	7.5	5.3	5.7
Other income (expense), net	0.0	0.0	-0.1	0.0	-0.3	-0.1	-0.1	-0.1
Pre-tax income	123.6	164.8	-6.9	5.3	46.1	16.4	0.4	-33.6
Income taxes	32.7	43.7	-1.3	1.4	12.3	-2.6	1.5	-6.8
Tax rate	26.4%	26.5%	19.0%	27.1%	26.7%		356.7%	20.3%
Net income	90.9	121.1	-5.6	3.9	33.8	19.0	-1.1	-26.8
Net margin	3.6%	5.2%	-0.5%	0.2%	2.0%	1.4%	-0.1%	-2.3%

Basic EPS [+]	$7.87	$10.53	($0.49)	$0.34	$2.95	$1.67	($0.10)	($2.39)
Growth	-25.3%	-2255.1%	-245.9%	-88.7%	77.2%	-1832.7%	-96.0%	39.6%
Diluted EPS [+]	$7.87	$10.52	($0.49)	$0.34	$2.95	$1.67	($0.10)	($2.39)
Growth	-25.2%	-2253.0%	-245.9%	-88.6%	77.1%	-1832.7%	-96.0%	39.6%

Dividends per share [+]	$0.36	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08
Growth	350.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Shares outstanding (basic) [+]	11.6	11.5	11.4	11.5	11.4	11.4	11.2	11.2
Growth	0.5%	0.4%	-0.5%	0.7%	0.4%	1.5%	0.2%	0.6%
Shares outstanding (diluted) [+]	11.6	11.5	11.4	11.5	11.4	11.4	11.2	11.2
Growth	0.5%	0.5%	-0.5%	0.6%	0.5%	1.5%	0.2%	0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.