The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Samuel McKinney - KeyBanc Capital Markets - Analyst
: Hey, good morning guys.
Question: Samuel McKinney - KeyBanc Capital Markets - Analyst
: Hey, starting in carbon flat, I mean a typical seasonal volume decline in the fourth quarter, but what I really want to focus on is that impressive
gross profit per ton of $314. The best figure you guys have posted in more than a year. What drove such strength and gross profit to increase that
$35 a ton quarter on quarter?
Question: Samuel McKinney - KeyBanc Capital Markets - Analyst
: Yeah, that all make sense. Thank you. And then shifting over to the pipe and tube segment, the two part question here, I know the first quarter is
typically the peak sales quarter, but you'll be coming off a pretty low sales base from the fourth quarter 24. What are you seeing in that segment
that first you think kind of pushed sales down in the fourth quarter, and how strongly do you think you can recover moving into the first quarter?
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FEBRUARY 21, 2025 / 3:00PM, ZEUS.OQ - Q4 2024 Olympic Steel Inc Earnings Call
Question: Samuel McKinney - KeyBanc Capital Markets - Analyst
: Okay. And then last one for me, moving to specialty metals. To date, 1st quarter aluminum prices have been fairly steady versus the fourth quarter
average. However, the Midwest transaction premium has really shot up in February. Can you talk about through your contract versus spot exposure
in that market and how an increase in the Midwest transaction price might impact this?
Question: Samuel McKinney - KeyBanc Capital Markets - Analyst
: Okay, thank you guys and congrats on the strong end of the year.
Question: Dave Storms - Stonegate Capital Partners - Analyst
: Morning everyone.
Question: Dave Storms - Stonegate Capital Partners - Analyst
: Just want to start with the metalworks transaction and see if there's anything where you could tell us about anticipated synergies maybe in the
back office. I know you mentioned this in carbon flats and we may play nice for some of your other.
Shops, just anything more you could tell us there.
Question: Dave Storms - Stonegate Capital Partners - Analyst
: Understood. That's very helpful.
Thank you. And then in your remarks and then just recently you kind of mentioned a couple times now that you've picked up a couple of customers
going into 2025. How would you characterize your market share, in in your various markets?
Question: Dave Storms - Stonegate Capital Partners - Analyst
: Understood thank you and then just one more for me.
There's been a lot of discussion, and rhetoric in the news recently about tariffs. Are you seeing any early indications, from that talk and what could
soon be, the robber hand in the road there?
Question: Dave Storms - Stonegate Capital Partners - Analyst
: Understood, thank you for taking my questions and good luck in Q1.
Thank you thank you.
Question: Christopher Sakai - Singular Research - Analyst
: Yes, hi, good morning.
I just had a follow up sort of the tariff question. I mean, how will the tariffs affect profitability and for com competitors, will this make a great, season
or greater valuations for acquisitions?
Question: Christopher Sakai - Singular Research - Analyst
: Oh okay, thanks for that and you mentioned for 2025 though there's going to be an increase in CapEx with different projects that you mentioned.
How about a second margins? Will we see some improvement there?
Question: Christopher Sakai - Singular Research - Analyst
: Okay, thanks, and last for me, Looks like there was a decrease in selling and general expense if that's right, from from a year ago. Can you comment
on that what what was the decrease for?
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