Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment sells and distributes processed aluminum and stainless flat-rolled sheets and coil products, flat bar products, and fabricated parts, as well as stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing and pipe, and prime tin mill products. The Tubular and Pipe Products segment distributes metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. The company also provides various processing services comprising cutting-to-length, slitting, flattening, sawing and shearing, and value-added processing of blanking, tempering, plate burning, laser cutting, precision machining, welding, fabricating, bending, beveling, polishing, kitting, and painting to process metals to specified lengths, widths, and shapes. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling lift equipment, construction, mining and farm equipment, agriculture equipment, storage tanks, environmental and energy generation equipment, automobiles, food service and electrical equipment, and military vehicles and equipment, as well as general and plate fabricators, and metals service centers through direct sales force. Olympic Steel, Inc. was founded in 1954 and is based in Bedford Heights, Ohio.
IPO Year: 1994
Exchange: NASDAQ
Website: olysteel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $42.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that Peter J. Scott was elected to its Board of Directors at the Company's Annual Meeting on May 2. Long-time director Michael G. Rippey has retired from the Board after 10 years of service. "Peter has a long and storied career in both the metals and finance communities. His expertise will help guide our future growth initiatives in order to enhance shareholder value," said Michael D. Siegal, Executive Chairman. "We are pleased to have Peter's knowledge of global markets, especially in these volatile times, and his ideas and viewpoints will add a fresh perspective in the markets we currently serve."
Diversification strategy and commitment to operational disciplines continue to deliver solid results Company's flat-rolled shipping levels up 24% and 6% versus fourth quarter and first quarter of 2024, respectively Olympic Steel is well-positioned to support increased manufacturing in the U.S. Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2025. Net income for the first quarter totaled $2.5 million, or $0.21 per diluted share, compared with net income of $8.7 million, or $0.75 per diluted share, in the first quarter of 2024. There was no LIFO income or expense in the first quarter of 202
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030. The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million. After giving effect to the amendment and the extension, the Company had approximately $269 million of availability under the revolving credit facility. The Company intends to use funds borrowed under the revolving credit facili
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, welcomes Alex Hegler as General Manager for its Action Stainless facility in Rock Hill, South Carolina. Mr. Hegler joins the Company with a background in sales and strategic leadership in the metals industry. Most recently, he served as Sales Manager for a global specialty metals distributor and service center. In his new role, Mr. Hegler will have responsibility for the day-to-day operations and sustainable growth of the Rock Hill facility. He will report directly to Jessica L. Burroughs, Vice President – Action Stainless. "Alex is an effective commercial leader with a proven record of strategic market expansion
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that it has been recognized as a Partner-level Supplier for 2024 in the John Deere Achieving Excellence Program. Partner-level status is Deere & Company's highest supplier rating. Olympic Steel was selected for this honor in recognition of its dedication to providing products and services of outstanding quality, as well as its commitment to continuous improvement. Several Olympic Steel locations support John Deere's operations with a range of first-stage metal processing and fabrication services. "The role of trusted supplier is one we take seriously," said Andrew S. Greiff, President and Chief Ope
Conference Call to Be Held 10:00 a.m. ET on Friday, May 2, 2025 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its first-quarter 2025 financial results after the market closes on May 1, 2025. A webcast to discuss these results will be held on Friday, May 2, 2025, at 10:00 a.m. Eastern Time. Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer; Andrew Greiff, President and Chief Operating Officer; and Richard A. Manson, Chief Financial Officer. To access the webcast, please visit the Company's website at www.olysteel.com. If you are unable to listen to the live event, the webcast will be archived and availa
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, announced the opening of a new facility in Houston, Texas, to support operations for its Action Stainless business. The location is run by Jeff Lyons, General Manager. The 105,000-square-foot facility, located at 10111 Houston Oaks Drive, will house the assets previously located at 7010 Zoltowski Street. The new facility will increase the Action Stainless Houston operation's footprint by 73,000 square feet. The added warehouse space will allow the business to continue expanding its fabrication capabilities. "The relocation of our Houston operation represents the next step in our strategic growth plan for Action St
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, has welcomed Joseph D. Goins as General Manager for its Action Stainless facility in Dallas, Texas. Mr. Goins is a veteran of the United States Air Force. He brings to his role numerous years of experience in the metals and manufacturing industries, including leadership roles in strategic sourcing, procurement, sales and operations management. In his new role, Mr. Goins will have responsibility for the day-to-day operations of the Dallas facility, including its strategic growth as Action Stainless continues to expand its fabrication business. He will report directly to Jessica L. Burroughs, Vice President – Action
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, has announced the promotion of Jerry Gideon to the newly created role of Vice President – Specialty Metals Sales. Mr. Gideon joined the Company in a commercial leadership role in 2010 as part of Olympic Steel's Integrity Stainless acquisition. In 2014, he became General Manager for the Integrity Stainless facility in Streetsboro, Ohio. Mr. Gideon then moved into his most recent position as Commercial Director – Specialty Metals in 2023. In his new role as Vice President, Mr. Gideon will report directly to Andy Markowitz, President – Specialty Metals. "During his more than 15 years with Olympic Steel, Jerry has mad
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the promotion of Scott M. Zito to the newly created role of Vice President – Business Development. Mr. Zito joined Olympic Steel in 1983 as an Inside Sales Representative with a wide range of responsibilities. By the mid-1980s, Mr. Zito began traveling for the Company as one of its first Outside Sales Representatives, covering upstate New York and later the Southeastern U.S. By 1995, he had moved to the greater Chicago area, serving in a variety of commercial roles, including his most recent position as Director – Business Development. In his new role, Mr. Zito will continue to drive growth by faci
EFFECT - OLYMPIC STEEL INC (0000917470) (Filer)
S-3 - OLYMPIC STEEL INC (0000917470) (Filer)
10-Q - OLYMPIC STEEL INC (0000917470) (Filer)
8-K - OLYMPIC STEEL INC (0000917470) (Filer)
8-K - OLYMPIC STEEL INC (0000917470) (Filer)
8-K - OLYMPIC STEEL INC (0000917470) (Filer)
DEF 14A - OLYMPIC STEEL INC (0000917470) (Filer)
10-K - OLYMPIC STEEL INC (0000917470) (Filer)
8-K - OLYMPIC STEEL INC (0000917470) (Filer)
SCHEDULE 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
Diversification strategy and commitment to operational disciplines continue to deliver solid results Company's flat-rolled shipping levels up 24% and 6% versus fourth quarter and first quarter of 2024, respectively Olympic Steel is well-positioned to support increased manufacturing in the U.S. Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2025. Net income for the first quarter totaled $2.5 million, or $0.21 per diluted share, compared with net income of $8.7 million, or $0.75 per diluted share, in the first quarter of 2024. There was no LIFO income or expense in the first quarter of 202
Conference Call to Be Held 10:00 a.m. ET on Friday, May 2, 2025 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its first-quarter 2025 financial results after the market closes on May 1, 2025. A webcast to discuss these results will be held on Friday, May 2, 2025, at 10:00 a.m. Eastern Time. Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer; Andrew Greiff, President and Chief Operating Officer; and Richard A. Manson, Chief Financial Officer. To access the webcast, please visit the Company's website at www.olysteel.com. If you are unable to listen to the live event, the webcast will be archived and availa
All three segments deliver EBITDA-positive results every quarter of 2024 despite challenging market conditions Fourth quarter 2024 Adjusted EBITDA was sequentially higher than third quarter 2024 Company continues to execute on diversification strategy, completing eighth acquisition in the past seven years Shareholders rewarded with a quarterly dividend increase of 7% from $0.15 to $0.16 per share Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2024. Fourth-Quarter Results Net income for the fourth quarter totaled $3.9 million, or $0.33 per diluted share, compared with net income of $7.4
Conference Call to Be Held 10:00 a.m. ET on Friday, February 21, 2025 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its fourth-quarter 2024 financial results after the market closes on February 20, 2025. A webcast to discuss these results will be held on Friday, February 21, 2025, at 10:00 a.m. Eastern Time. Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer; Andrew Greiff, President and Chief Operating Officer; and Richard A. Manson, Chief Financial Officer. To access the webcast, please visit the Company's website at www.olysteel.com. If you are unable to listen to the live event, the webcast will b
Addition of leading metal canopy manufacturer supports strategy for continued growth in manufactured metal products Company completes eighth acquisition in the past seven years Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the acquisition of Metal Works. The all-cash purchase is expected to be immediately accretive. Terms were not disclosed. Metal Works is a leading manufacturer of components for service station canopies, deck clips, long gutters, trim, and boat docks, as well as solar canopy and ground racking components – all made primarily from coated carbon steel and aluminum. The business, which includes roll forming and folding mach
Company's diversification strategy continues to drive results in difficult market conditions Company has the strategic focus and financial flexibility to further invest in organic and acquisitive growth opportunities Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended September 30, 2024. Net income for the third quarter totaled $2.7 million, or $0.23 per diluted share, compared with net income of $12.2 million, or $1.06 per diluted share, in the third quarter of 2023. EBITDA for the third quarter of 2024 was $15.0 million, compared with $27.1 million in the third quarter of 2023. Both third-quarter 20
Conference Call to Be Held 10:00 a.m. ET on Friday, November 1 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its third-quarter 2024 financial results after the market closes on October 31, 2024. A webcast to discuss these results will be held on Friday, November 1, 2024 at 10:00 a.m. Eastern Time. Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer; Andrew Greiff, President and Chief Operating Officer; and Richard A. Manson, Chief Financial Officer. To access the webcast, please visit the Company's website at www.olysteel.com. If you are unable to listen to the live event, the webcast will be archived an
Diversified offerings in end products, higher-margin mix of flat-rolled products and additional fabrication capabilities drive profitability in a challenging pricing market Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended June 30, 2024. Net income for the second quarter totaled $7.7 million, or $0.66 per diluted share, compared with net income of $15.0 million, or $1.30 per diluted share, in the second quarter of 2023. The results include $1.0 million of LIFO pre-tax income in both the second quarter of 2024 and 2023. Adjusted EBITDA for the second quarter of 2024 was $21.3 million, compared with $3
Conference Call to Be Held 10:00 a.m. ET on Friday, August 2 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its second-quarter 2024 financial results after the market closes on August 1, 2024. A webcast to discuss these results will be held on Friday, August 2, 2024 at 10:00 a.m. Eastern Time. Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer, Andrew Greiff, President and Chief Operating Officer, and Richard A. Manson, Chief Financial Officer. To access the webcast, please visit the Company's website at www.olysteel.com. If you are unable to listen to the live event, the webcast will be archived and a
Strategy to diversify and expand into higher-value processing and manufactured products contributes to financial performance in the face of pricing headwinds Company remains in a strong operational and financial position to invest in additional higher-value growth opportunities to drive profitability and advance its strategy Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2024. Net income for the first quarter totaled $8.7 million, or $0.75 per diluted share, compared with net income of $9.9 million, or $0.85 per diluted share, in the first quarter of 2023. The results include $0.4 mill
KeyBanc Capital Markets upgraded Olympic Steel from Sector Weight to Overweight and set a new price target of $42.00
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
3 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the appointment of Jessica L. Burroughs to the newly created role of Vice President for the organization's Action Stainless & Alloys subsidiary. Ms. Burroughs joins the Company with more than 18 years of metals industry experience in roles encompassing commercial, sales and marketing functions. She will report directly to Andy Markowitz, President - Specialty Metals, Olympic Steel. "Continuing to increase the return on our investment in Action Stainless & Alloys and grow our stainless and aluminum business segments are essential pieces of our business strategy, and Jessica's experience, expertise