Olympic Steel upgraded by KeyBanc Capital Markets with a new price target
$ZEUS
Metal Fabrications
Industrials
KeyBanc Capital Markets upgraded Olympic Steel from Sector Weight to Overweight and set a new price target of $42.00
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| 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, 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
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
4 - OLYMPIC STEEL INC (0000917470) (Issuer)
KeyBanc Capital Markets upgraded Olympic Steel from Sector Weight to Overweight and set a new price target of $42.00
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
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
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