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.

Earnings data Q1 2021

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Earnings data Q3 2022

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Earnings data Q1 2023

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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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CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its fourth-quarter 2021 financial results after the market closes on February 24, 2022. A webcast to discuss these results will be held on Friday, February 25, 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

Webcast Alert: Olympic Steel to Announce Fourth-Quarter 2021 Financial Results After Market Closes on February 24, 2022

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CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of David J. Gea to the role of President – Carbon Flat Rolled. Mr. Gea will provide strategic leadership for the safe, profitable and sustainable growth of Olympic Steel's carbon flat rolled business segment, which represents approximately 50% of the Company's revenue mix. He will report directly to Andrew S. Greiff, President & Chief Operating Officer. “Dav

Olympic Steel Names David J. Gea President – Carbon Flat Rolled

Olympic Steel (ZEUS) closed the most recent trading day at $23.50, moving +1.51% from the previous trading session.

Olympic Steel (ZEUS) Gains As Market Dips: What You Should Know

Olympic Steel (ZEUS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Olympic Steel (ZEUS) Stock Stands Out in a Strong Industry

Olympic Steel, Inc. (ZEUS) CEO Richard Marabito on Q3 2021 Results - Earnings Call Transcript

Olympic Steel (ZEUS) delivered earnings and revenue surprises of 56.11% and 3.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Olympic Steel (ZEUS) Beats Q3 Earnings and Revenue Estimates

CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced record quarterly financial results for the three months ended September 30, 2021. Net income for the third quarter totaled $44.5 million, or $3.87 per diluted share, compared with a net loss of $1.5 million, or $0.13 per diluted share, in the third quarter of 2020. The results include $7.0 million ($0.45 per share impact) of LIFO pre-tax expense in the third quarter of 2021,

Olympic Steel Reports Record Third-Quarter 2021 Results

Favorable market conditions, strong end-user demand and higher metal prices are expected to have aided Olympic Steel's (ZEUS) Q3 performance.

Olympic Steel (ZEUS) to Report Q3 Earnings: What's in Store?

Olympic Steel (ZEUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Olympic Steel (ZEUS) Keep the Earnings Surprise Streak Alive?

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CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that James D. Esway has joined the Company as General Manager of the organization's facilities in Buford and Winder, Georgia. Mr. Esway will lead the day-to-day operation of both facilities, which have continued to experience notable growth since the opening of the Buford facility in 2020. David J. Gea will continue to serve as Vice President for the region, which includes bo

Olympic Steel Names James D. Esway General Manager

CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its third-quarter 2021 financial results after the market closes on November 4, 2021. A webcast to discuss these results will be held on Friday, November 5, 2021 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 Off

Webcast Alert: Olympic Steel to Announce Third-Quarter 2021 Financial Results After Market Closes on November 4, 2021

CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has acquired the assets of Shaw Stainless & Alloy, Inc. (“Shaw”). The all-cash purchase is immediately accretive. Terms were not disclosed. The acquisition includes Shaw's stainless steel distribution and fabrication businesses as well as its architectural and barrier defense businesses. Shaw will be incorporated into Olympic Steel's specialty metals segment, led

Olympic Steel Acquires Shaw Stainless & Alloy

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CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the sale of substantially all of the Company's Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the final sale price. “We remain focused on our long-term strategy to further diversify our business, d

Olympic Steel Announces Sale of Detroit Assets and Operations

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Is Olympic Steel (ZEUS) Stock Outpacing Its Basic Materials Peers This Year?

CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Brian C. Harkins has been promoted to Vice President – Aluminum. Mr. Harkins' promotion supports the Company's specialty metals strategic growth efforts. Mr. Harkins will continue to report to Andy Markowitz, President – Specialty Metals. “Brian's extensive knowledge of the aluminum market has been invaluable in growing the business and supporting our commercial team's s

Olympic Steel Names Brian C. Harkins Vice President – Aluminum

CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Cassandra (Cassy) Powers has been promoted to Vice President of Human Resources. Ms. Powers' promotion is part of a planned succession. She will succeed Ken F. Sloan, who has announced his plan to retire in 2022. In her new role, Ms. Powers will report directly to Richard T. Marabito, Olympic Steel's Chief Executive Officer, and lead the Company's strategic employee acqu

Olympic Steel Names Cassandra Powers Vice President Human Resources

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CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that William (Bill) Maurer has been promoted to the role of General Manager for the Company's Milford, Connecticut, facility. Mr. Maurer's promotion is part of a planned succession. The facility's longtime General Manager Gerard (Gerry) Phillips will retire in late March 2022, after more than three decades in the metals industry. Mr. Phillips will remain with the Company in t

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Olympic Steel, Inc. (ZEUS) CEO Richard Marabito on Q2 2021 Results - Earnings Call Transcript

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