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
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
Conference Call to Be Held 10:00 a.m. ET on Friday, May 3 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its first-quarter 2024 financial results after the market closes on May 2, 2024. A webcast to discuss these results will be held on Friday, May 3, 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 available fo
Strong finish to the year led by Pipe and Tube segment delivering its second most profitable year ever Shareholders rewarded with a quarterly dividend increase of 20% from $0.125 to $0.15 per share Company enters 2024 in position of strength due to success of diversification strategy and operational disciplines Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2023. Fourth-Quarter Results Net income for the fourth quarter totaled $7.4 million, or $0.64 per diluted share, compared with net income of $4.0 million, or $0.34 per diluted share, in the fourth quarter of 2022. The results in
Conference Call to Be Held 10:00 a.m. ET on Friday, February 23 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its fourth-quarter 2023 financial results after the market closes on February 22, 2024. A webcast to discuss these results will be held on Friday, February 23, 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 archiv
Diversification and operating disciplines drive performance despite challenging market conditions Central Tube & Bar acquisition in October continues diversification strategy to invest in consistently high-performing businesses Company remains well-positioned to execute on strategy to deliver more consistent results in all environments and drive profitable growth Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended September 30, 2023. Net income for the third quarter totaled $12.2 million, or $1.06 per diluted share, compared with net income of $12.0 million, or $1.04 per diluted share, in the third
Conference Call to Be Held 10:00 a.m. ET on Friday, November 3 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its third-quarter 2023 financial results after the market closes on November 2, 2023. A webcast to discuss these results will be held on Friday, November 3, 2023 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 a
Company completes seventh acquisition in the past six years. Transaction marks the Company's latest pipe and tube segment expansion, continuing its growth into products and services with higher-margin returns. Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that it has acquired Central Tube & Bar (CTB). The all-cash purchase is expected to be immediately accretive. Terms were not disclosed. CTB was founded in 1996 and serves large original equipment manufacturers (OEMs) and fabricators across the Mid-South from three facilities in Conway, Arkansas, and Tulsa, Oklahoma, totaling 162,000 square feet of warehouse and production space. The busines
Company performance continues to reflect the benefits of its diversification strategy and investments in enhanced capabilities Carbon segment delivers strong profitability, while Tubular and Pipe Products segment further capitalizes on growing demand for value-added offerings Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced financial results for the three months ended June 30, 2023. Net income for the second quarter totaled $15.0 million, or $1.30 per diluted share, compared with net income of $37.6 million, or $3.26 per diluted share, in the second quarter of 2022. The results include $1.0 million of LIFO pre-tax income in the second quarte
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
Company celebrates 70 years in business and ongoing growth Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today recognized two significant milestones in the Company's history — the 50th anniversary of Executive Chairman, Michael D. Siegal, and the Company's 70th year in business. Olympic Steel began in 1954 as a steel distribution partnership between two brothers, Sam Sigel and Sol Siegal. The business, an initial joint investment of $17,000, was run from a rented warehouse in Cleveland, Ohio. In 1974, Sol's son, Michael Siegal, joined the business, assuming the role of Chief Executive Officer in 1984. Ten years later, Olympic Steel went public on Nasdaq,
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that Anthony Roberts has joined the Company as General Manager for its two facilities located in Chambersburg, Pennsylvania. Mr. Roberts joins Olympic Steel with more than three decades of experience in the manufacturing and assembly of components for aerospace, automotive, defense and industrial markets, including leadership roles with Mancor Industries (Columbia, South Carolina), MB Aerospace (Detroit, Michigan), Howmet Aerospace (Birmingham, England) and McLaren Automotive (Woking, England). As General Manager, Mr. Roberts assumes leadership for the Company's facilities at 1530 and 1599 Nitter
Company continues growth efforts in the aluminum market Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the promotion of George Frost to Vice President – Aluminum. This change supports the Company's specialty metals strategic growth efforts. Mr. Frost will report directly to Andy Markowitz, President – Specialty Metals. "George's thorough understanding of the specialty metals market, particularly aluminum, has been an effective resource for our commercial team and our customers. His extensive expertise will help us continue to increase our market share and firmly establish Olympic Steel as a preferred aluminum distributor and supplier," said
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
Conference Call to Be Held 10:00 a.m. ET on Friday, May 3 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its first-quarter 2024 financial results after the market closes on May 2, 2024. A webcast to discuss these results will be held on Friday, May 3, 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 available fo
Strong finish to the year led by Pipe and Tube segment delivering its second most profitable year ever Shareholders rewarded with a quarterly dividend increase of 20% from $0.125 to $0.15 per share Company enters 2024 in position of strength due to success of diversification strategy and operational disciplines Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced results for the three and 12 months ended December 31, 2023. Fourth-Quarter Results Net income for the fourth quarter totaled $7.4 million, or $0.64 per diluted share, compared with net income of $4.0 million, or $0.34 per diluted share, in the fourth quarter of 2022. The results in
Conference Call to Be Held 10:00 a.m. ET on Friday, February 23 Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, intends to release its fourth-quarter 2023 financial results after the market closes on February 22, 2024. A webcast to discuss these results will be held on Friday, February 23, 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 archiv
Company furthers commitment to employee safety and workplace culture Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the promotion of Anthony G. Dominic to Vice President – Safety, Health and Environment (SH&E). Mr. Dominic joined the Company in 2018 as Director – Safety, Health and Environment to lead the organization's SH&E efforts. In total, he has more than 33 years of SH&E expertise from his time at Olympic Steel as well as experience at Whirlpool Corporation, General Electric and Culligan International. In his new role, Mr. Dominic will continue to lead the safety programs and teams across all Olympic Steel locations. He reports direct
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
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Olympic Steel (NASDAQ:ZEUS) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.72 by 6.94 percent. This is a 33.04 percent decrease over earnings of $1.15 per share from the same period last year. The company reported quarterly sales of $526.642 million which missed the analyst consensus estimate of $558.310 million by 5.67 percent. This is a 8.10 percent decrease over sales of $573.076 million the same period last year.
Thursday marks the last chance for investors to receive the next dividend payout from Olympic Steel (NASDAQ:ZEUS). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 15 cents per share. On Friday, Olympic Steel will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ZEUS as of the end of Thursday's session are eligible to receive the 15 cents dividend p
Top Stories for Feb. 23, 2024: 1. BTIG analyst Gregory Lewis downgraded Piedmont Lithium (NASDAQ:PLL) from Buy to Neutral following its fourth-quarter and full-year 2023 financial results. Piedmont Lithium's 2023 results included $39.8 million in revenue from 43.2k dry metric tons of spodumene concentrate sales, $5.7 million gross profit and a ramp-up at NAL with cost and production improvements anticipated in 2024. Shipments are expected to transition to multi-year contracts and it is advancing permits in Ghana and North Carolina. Piedmont ended 2023 with $71.7 million cash and $49.1 million from Q1 2024 share sales of Sayona Mining (ASX: SYA). 2. The Board of Directors of ATI Inc. (NY
Olympic Steel (NASDAQ:ZEUS) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings Olympic Steel beat estimated earnings by 20.0%, reporting an EPS of $0.36 versus an estimate of $0.3. Revenue was down $30.64 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.17 which was followed by a 6.59% drop in the share price the next day. Here's a look at Olympic Steel's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.85 1.22 0.71 0.21 EPS Actual 0.68 1.24 1.15 0.28 Revenue Estimate 555.73M 636.41M 595.65M 568.63M Re
Olympic Steel (NASDAQ:ZEUS) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.30 by 20 percent. The company reported quarterly sales of $489.41 million which missed the analyst consensus estimate of $502.27 million by 2.56 percent. This is a 5.89 percent decrease over sales of $520.04 million the same period last year.
Companies Reporting Before The Bell • Indivior (NASDAQ:INDV) is likely to report quarterly earnings at $0.28 per share on revenue of $260.00 million. • Bausch Health Companies (NYSE:BHC) is expected to report quarterly earnings at $1.02 per share on revenue of $2.30 billion. • H&E Equipment Servs (NASDAQ:HEES) is estimated to report quarterly earnings at $1.22 per share on revenue of $382.59 million. • Installed Building Prods (NYSE:IBP) is expected to report quarterly earnings at $2.45 per share on revenue of $682.48 million. • Keurig Dr Pepper (NASDAQ:KDP) is likely to report quarterly earnings at $0.54 per share on revenue of $3.91 billion. • MGP Ingredients (NASDAQ:MGPI) is expecte
Olympic Steel (NASDAQ:ZEUS) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement. Analysts estimate that Olympic Steel will report an earnings per share (EPS) of $0.30. Olympic Steel bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.17, which was followed by a 6.59% drop in the shar
Top Stories for Jan. 19, 2024: 1. The boron and lithium company 5E Advanced Materials, Inc. (NASDAQ:FEAM) announced that it selected Fluor Corporation as its engineering, procurement and construction services provider. The company will lead 5E’s FEL-2 and the upgrade of its current S-K 1300 technical document into a Pre-feasibility Study upon completion. CEO of 5E Advanced Materials Susan Brennan said, "We are thrilled to engage a world-class EPC firm like Fluor, as their extensive track record will serve to be invaluable to 5E throughout this next phase of execution. Additionally, the work being conducted by Fluor will play an important role in ultimately getting our 5E Boron Americas co
Top Stories for Jan. 3, 2024: 1. The advanced mineral and electric metals exploration company Ivanhoe Electric (NYSE:IE) announced that Executive Chairman Robert Friedland will deliver a keynote presentation at the Future Minerals Forum on Jan.10 at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia. Additionally, President and Chief Executive Officer Taylor Melvin will join a panel discussion about building a robust and resilient mineral supply roadmap. Ivanhoe Electric’s Typhoon geophysical surveying system will be on display and deployed during the forum to support its joint venture with Saudi Arabian Mining Company Ma’aden. 2. Cleveland-Cliffs Inc. (NYSE:CLF),