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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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 (ZEUS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the release of its 2021 Corporate Responsibility Report, highlighting the Company's environmental stewardship, social engagement, governance transparency and accountability efforts. “Olympic Steel's Core Values guide our approach to work and commitment to the communities in which we operate,” said Richard T. Marabito, Chief Executive Officer. “Our 2021 Corporate Responsibilit

Olympic Steel Publishes Corporate Responsibility Report

Olympic Steel, Inc. (NASDAQ:ZEUS ) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Rich Manson - Chief Financial Officer Rick Marabito - Chief Executive Officer Andrew Greiff - President & Chief Operating Officer Conference Call Participants Marco Rodriguez - Stonegate Capital Markets Phil Gibbs - KeyBanc Capital Markets Chris Sakai - Singular Research Operator Good morning and welcome to the Olympic Steel 2022 First Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Olympic Steel, Inc. (ZEUS) CEO Rick Marabito on Q1 2022 Results - 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 March 31, 2022. Net income for the first quarter totaled $37.3 million, or $3.23 per diluted share, compared with net income of $22.0 million, or $1.91 per diluted share, in the first quarter of 2021. The results include no LIFO adjustment in the first quarter of 2022, compared with $1.0 million of LIFO expense in the same period

Olympic Steel Reports First-Quarter 2022 Results

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CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its first-quarter 2022 financial results after the market closes on May 5, 2022. A webcast to discuss these results will be held on Friday, May 6, 2022 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 2022 Financial Results After Market Closes on May 5, 2022

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Olympic Steel, Inc. (ZEUS) CEO Richard Marabito on Q4 2021 Results - Earnings Call Transcript

Olympic Steel (ZEUS) delivered earnings and revenue surprises of 28.57% and 3.15%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Olympic Steel (ZEUS) Q4 Earnings and Revenues Top Estimates

CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced record results for the three and 12 months ended December 31, 2021. Fourth-Quarter Results Net income for the fourth quarter totaled $24.9 million, or $2.16 per diluted share, compared with net income of $1.8 million, or $0.16 per diluted share, in the fourth quarter of 2020. The results include $9.9 million of LIFO pre-tax expense in the fourth quarter of 2021, compared wit

Olympic Steel Reports Fourth-Quarter and Full-Year 2021 Results

Olympic Steel Inc. ZEUS, +0.25% said on Friday that it boosted its dividend by more than four-fold, following a year of "record profitability" in 2021. The steel maker's stock was still inactive in the premarket.

News for Olympic Steel Stock (ZEUS)