Olympic Steel

Olympic Steel, Inc. engages in the processing, sale, and distribution of metal products. It operates through the following segments: Carbon Flat Products, Specialty Metals Flat Products, and Tubular and Pipe Products. The Carbon Flat Products segment includes large volumes of processed carbon and coated flat-rolled sheet, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment consists of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, and fabricated parts. The Tubular and Pipe Products segment covers metal tubing, pipes, bars, valves, and fittings and fabricated pressure parts. The company was founded by Sol Siegal and Sam Sigel in 1954 and is headquartered in Highland Hills, OH.

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Olympic Steel reports robust Q4 earnings, eyes growth opportunities

Olympic Steel's Q4 2022 performance reflects a strong financial position with notable reductions in debt and operating expenses. Strategic initiatives have enhanced the company's product portfolio and positioned it for growth in 2023 through acquisitions and operational efficiencies.

Olympic Steel reports robust Q1 earnings, eyes growth amid uncertainties

Olympic Steel's Q1 performance reflects solid sales and EBITDA figures, supported by market trends and strategic acquisitions. While challenges exist in navigating uncertainties, the company's strengths in diversification and balance sheet fortification provide a foundation for growth. Opportunities for expansion and resilience in the face of market dynamics position Olympic Steel for continued success.

Olympic Steel reports strong Q2 earnings, eyes growth opportunities

Olympic Steel's Q2 2023 earnings call highlighted solid performance, strategic acquisitions, and a positive market outlook. Despite challenges, the company is focused on growth, efficiency, and shareholder value.

Olympic Steel reports robust Q3 earnings and optimistic outlook

Olympic Steel's Q3 earnings call highlighted strong financial performance, strategic acquisitions, and a positive outlook on market conditions. The company's focus on growth through investments and acquisitions remains a key driver of future success.

Olympic Steel posts solid Q4 results, eyes growth opportunities in 2024

Olympic Steel's Q4 performance reflects resilience and strategic focus amidst market challenges, with strong segment contributions and growth prospects.
The company's strengths in integration, cash flow, and dividend increase underscore its solid financial position and commitment to shareholder value.
Challenges in certain segments highlight the need for strategic adjustments, while opportunities in tonnage growth and market demand offer avenues for expansion.
Balancing challenges and opportunities, Olympic Steel aims to sustain growth through prudent financial management and strategic investments in 2024.

Olympic Steel reports solid Q1 performance amidst market challenges

Olympic Steel's Q1 performance reflects resilience in challenging market conditions with sales of $527 million and net income of $8.7 million.
Strategic investments in fabrication capabilities and new business wins position the company for future growth opportunities.
Despite market challenges, the company's strong balance sheet and focus on operational efficiencies drive optimism for the future.

Olympic Steel reports resilient Q2 earnings amidst market challenges

Olympic Steel's Q2 performance reflects resilience and profitability despite market challenges, underpinned by operational efficiency and diversification strategies.
The company's strong financial position, commitment to profitability, and growth strategies position it well for future success and sustained growth.
While facing pricing pressures and inventory management challenges, Olympic Steel remains focused on seizing growth opportunities and enhancing operational efficiencies.
Management's strategic focus on higher-margin products, fabrication capabilities, and value-added services aligns with long-term growth objectives and market demands.

Olympic Steel reports solid Q3 performance, eyes growth opportunities

Olympic Steel's Q3 performance underscores financial stability and strategic resilience amidst macroeconomic uncertainties. The company's focus on diversification, debt reduction, and investments in higher-margin opportunities position it well for long-term success.

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Olympic Steel, Inc. (NASDAQ:ZEUS ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Richard Manson - CFO Richard Marabito - CEO Andrew Greiff - President & Chief Operating Officer Conference Call Participants Dave Storms - Stonegate Capital Partners Samuel McKinney - KeyBanc Capital Markets Christopher Sakai - Singular Research Operator Good morning, and welcome to the Olympic Steel 2024 Third Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Olympic Steel, Inc. (ZEUS) Q3 2024 Earnings Call Transcript

CLEVELAND--(BUSINESS WIRE)--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-qua.

Olympic Steel Reports Third-Quarter 2024 Results

Olympic Steel's diverse product offerings and extensive client base, with top clients contributing 29% of 2023 revenue, mitigate risks from losing individual clients. Recent M&A activities, including acquisitions of Metal-Fab and Central Tube and Bar, are expected to drive geographic expansion, new products, and synergies. Despite recent declines in metal prices, ZEUS appears significantly undervalued. My DCF model and peer comparisons indicate substantial upside potential.

Olympic Steel: M&A Efforts, Cash Flow, And Capex Could Imply Significant Undervaluation

CLEVELAND--(BUSINESS WIRE)--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 Of.

Webcast Alert: Olympic Steel to Announce Third-Quarter 2024 Financial Results After Market Closes on October 31, 2024

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Olympic Steel, Inc. (NASDAQ:ZEUS ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Richard Manson - Chief Financial Officer Richard Marabito - Chief Executive Officer Andrew Greiff - President and Chief Operating Officer Conference Call Participants Samuel McKinney - KeyBanc Capital Markets Dave Storms - Stonegate Capital Partners Christopher Sakai - Singular Research Operator Good morning and welcome to the Olympic Steel 2024 Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Olympic Steel, Inc. (ZEUS) Q2 2024 Earnings Call Transcript

CLEVELAND--(BUSINESS WIRE)--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.

Olympic Steel Reports Second-Quarter 2024 Results

CLEVELAND--(BUSINESS WIRE)--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 Offic.

Webcast Alert: Olympic Steel to Announce Second-Quarter 2024 Financial Results After Market Closes on August 1, 2024

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CLEVELAND--(BUSINESS WIRE)--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. I.

Olympic Steel Recognizes 50th Anniversary of Executive Chairman Michael Siegal

CLEVELAND--(BUSINESS WIRE)--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 Caro.

Olympic Steel Welcomes Anthony Roberts as General Manager for Chambersburg, Pennsylvania, Facilities

CLEVELAND--(BUSINESS WIRE)--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.

Olympic Steel Names George Frost Vice President - Aluminum

Olympic Steel, Inc. (NASDAQ:ZEUS ) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Richard A. Manson - CFO Richard T.

Olympic Steel, Inc. (ZEUS) Q1 2024 Earnings Call Transcript

Olympic Steel (ZEUS) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $1.15 per share a year ago.

Olympic Steel (ZEUS) Tops Q1 Earnings Estimates

CLEVELAND--(BUSINESS WIRE)--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 million of LIFO expense in the first quarter of 2024, compared with no LIFO adjustment in the first quarter.

Olympic Steel Reports First-Quarter 2024 Results

CLEVELAND--(BUSINESS WIRE)--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 a.

Webcast Alert: Olympic Steel to Announce First-Quarter 2024 Financial Results After Market Closes on May 2, 2024

Olympic Steel, Inc. (ZEUS) Q4 2023 Earnings Call Transcript

Olympic Steel's (ZEUS) fourth-quarter earnings top expectations despite pricing pressure.

Olympic Steel (ZEUS) Q4 Earnings Surpass Estimates, Sales Lag

Olympic Steel (ZEUS) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.27 per share a year ago.

Olympic Steel (ZEUS) Beats Q4 Earnings Estimates

CLEVELAND--(BUSINESS WIRE)--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 include $5.3 million of LIFO pre-tax income in the fourth quarter of 2023, compared with $0.9 mi.

Olympic Steel Reports Fourth-Quarter and Full-Year 2023 Results

CLEVELAND--(BUSINESS WIRE)--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.

Webcast Alert: Olympic Steel to Announce Fourth-Quarter 2023 Financial Results After Market Closes on February 22, 2024

CLEVELAND--(BUSINESS WIRE)--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 Elect.

Olympic Steel Promotes Anthony G. Dominic to Vice President of Safety, Health and Environment

Olympic Steel (ZEUS) remained profitable in Q3 despite market challenges. The acquisition of Central Tube & Bar supports its growth strategy, enhancing market presence.

Here's Why You Should Add Olympic Steel (ZEUS) to Your Portfolio

Olympic Steel (ZEUS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Fast-paced Momentum Stock Olympic Steel (ZEUS) Is Still Trading at a Bargain

CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of Zachary J. Siegal to the newly created role of President – Manufactured Metal Products. Mr. Siegal joined the Company in 2007 as a Quality Engineer and has held leadership roles of increasing responsibility, including Purchasing Manager, Operations Manager and General Manager. For the past six years, he has played an instrumental role in leading the organizat.

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