Olympic Steel Announces Quarterly Cash Dividend; Updates Time of Fourth-Quarter Earnings Conference Call

Rhea-AI Summary

Olympic Steel (Nasdaq: ZEUS) announced a quarterly cash dividend of $0.02 per share, payable on March 15, 2021, to shareholders of record on March 1, 2021. The company will disclose its 2020 fourth-quarter financial results prior to market opening on February 25, 2021, followed by a conference call beginning at 9:00 a.m. ET. This meeting will feature CEO Richard T. Marabito and other executives. Olympic Steel, founded in 1954, specializes in processed carbon, coated, and stainless flat-rolled sheet and operates 36 facilities across North America.

Positive

• Declared a quarterly cash dividend of $0.02 per share.
• Upcoming release of 2020 fourth-quarter financial results expected to provide insights into performance.

Negative

• None.

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the Company’s Board of Directors approved a regular quarterly cash dividend of $0.02 per share. The dividend is payable on March 15, 2021, to shareholders of record on March 1, 2021.

As previously announced, the Company intends to release its 2020 fourth-quarter financial results before the market opens on February 25, 2021. The Company will also host a conference call with investors and analysts now starting at 9:00 a.m. ET that same day. Participating on the call will be Richard T. Marabito, Chief Executive Officer, Andrew Greiff, President and Chief Operating Officer, and Richard A. Manson, Chief Financial Officer. The call webcast can be accessed on the Company’s website – www.olysteel.com. If you are unable to listen to the call live, the webcast will be archived and available for replay.

About Olympic Steel

Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from 36 facilities in North America.

For additional information, please visit the Company’s website at www.olysteel.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210212005257/en/

FAQ

When will Olympic Steel pay its next dividend?

Olympic Steel will pay its next dividend of $0.02 per share on March 15, 2021.

What is the date for Olympic Steel's fourth-quarter earnings release?

Olympic Steel will release its 2020 fourth-quarter financial results on February 25, 2021.

Who will participate in Olympic Steel's upcoming conference call?

The conference call will include CEO Richard T. Marabito, President Andrew Greiff, and CFO Richard A. Manson.