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
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
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
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 (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
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