Stahl Boom noch nicht vorbei - Olympic Steel (Zeus) - 500 Beiträge pro Seite

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Ein Ende des Stahlbooms ist noch nicht in Sicht. Die Stahlfirmen haben ein Rekordquartal nach dem anderen.


Olympic Steel ist einer der favoriten. Noch günstig bewertet mit einem P/E Ratio von aktuell 5.5 trotz eines Gigantischem kursanstieges.





Olympic Steel Reports Record Sales and Net Income for Third Quarter and Nine Months of 2004



CLEVELAND, Oct. 19 /PRNewswire-FirstCall/ -- Olympic Steel, Inc. (Nasdaq: ZEUS), a national steel service center, today announced record financial results for the third quarter and nine months ended September 30, 2004.

Net sales for the third quarter of 2004 increased 110.7% to $244.1 million from $115.9 million in the third quarter a year ago. Tons sold increased 7.2% to 323 thousand from 302 thousand in the third quarter of 2003. Third quarter 2004 net income was the highest quarterly results in Company history, totaling $18.6 million, or $1.80 per diluted share, compared to a net loss of $115 thousand, or $(0.01) per diluted share for last year`s third quarter.

For the first nine months of 2004, net sales increased 90.0% to $653.9 million from $344.1 million in the prior year period. Tons sold increased 23.9% to 1.05 million from 849 thousand in the first nine months of 2003. Net income for the first nine months of 2004 was $47.9 million or $4.70 per diluted share, compared to a net loss of $1.1 million, or $(0.12) per diluted share in the first nine months of 2003.

"We are again pleased to report record net income and sales," stated Michael D. Siegal, Chairman and Chief Executive Officer. "Our strong focus on balance sheet management has resulted in a decrease in debt during 2004. At the same time, we have invested an additional $52 million in accounts receivable and $55 million in inventory, while improving our days sales in inventory and accounts receivable on a year over year basis. At September 30, 2004, we had approximately $48 million in availability within our increased $110 million bank credit facility."

"The continued strong global steel environment, along with the increasing domestic industrial economy, particularly the energy, transportation, farm and construction equipment markets, has also contributed to our strong financial results. With increasing global steel demand, rising energy, transportation and raw material costs, and a more disciplined supply universe, our outlook remains favorable for the fourth quarter and early 2005," concluded Mr. Siegal.

Founded in 1954, Olympic Steel is a leading U.S. steel service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products. Headquartered in Cleveland, Ohio, the Company operates 12 facilities and participates in two joint ventures. For further information about Olympic Steel, Inc., visit the Company`s web site at http://www.olysteel.com .

It is the Company`s policy not to make quarterly or annual sales or earnings projections for external use and not to endorse any analyst`s sales or earnings estimates. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: general business, economic and political conditions; competitive factors such as the availability and pricing of steel and fluctuations in customer demand; the ability of customers to maintain their credit availability in periods of escalating prices; layoffs or work stoppages by the Company`s, suppliers`, or customers` personnel; equipment installation delays or malfunctions; the successes of the Company`s efforts and initiatives to increase sales volumes, improve cash flows and reduce debt, maintain or improve inventory turns and reduce costs; and customer, supplier, and competitor consolidation or insolvency. Please refer to the Company`s Securities and Exchange Commission filings for further information.

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Neues 52 Wochen Hoch

KGV von 6... Da freut sich das Herz

[Macros]

Stahlboom ist rekordverdächtig


Der anhaltende weltweite Stahlboom und eine höhere Nachfrage im Inland werden den deutschen Stahlherstellern 2005 glänzende Geschäfte bescheren. Wie die Wirtschaftsvereinigung Stahl am Montag in Düsseldorf mitteilte, soll die Rohstahlproduktion mit 47 Millionen Tonnen einen Rekordwert erreichen. Derzeit produzierten die Betriebe mit 98 Prozent an der Kapazitätsgrenze, um die gestiegene Nachfrage zu bedienen, erklärte Verbandspräsident Dieter Ameling. In diesem Jahr soll die Rohstahlerzeugung um 4 Prozent auf 46,5 Millionen Tonnen wachsen. Angekurbelt werde die Produktion 2005 besonders durch eine höhere Nachfrage wichtiger inländischer Kunden wie der Autoindustrie und dem Maschinenbau.


Ich denke dieses Statement kann man auch ruhig Weltweit betrachten. Also ein Investment in Stahlfirmen kann sich immernoch lohnen!