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Olympic Steel, Inc. - ZEUS STOCK NEWS

Welcome to our dedicated page for Olympic Steel news (Ticker: ZEUS), a resource for investors and traders seeking the latest updates and insights on Olympic Steel stock.

Olympic Steel, Inc. (symbol: ZEUS) is a premier U.S.-based metals service center, founded in 1954 and headquartered in Cleveland, Ohio. The company stands out in the industry for its exceptional capabilities in the direct sale and distribution of processed carbon, coated, and stainless flat-rolled sheet, coil, and plate steel, as well as aluminum products. Olympic Steel operates through three main segments: specialty metals flat products, carbon flat products, and tubular and pipe products.

Olympic Steel's expertise extends to its subsidiary, CTI, which is a leading distributor of steel tubing, bar, pipe, valves, and fittings, and also fabricates pressure parts for the electric utility industry. The company serves a diverse range of industries, including industrial machinery, automotive, and transportation equipment manufacturing.

With a strong commitment to safety and quality, Olympic Steel aims to achieve profitable growth by providing unparalleled business solutions tailored to metal product users. The company has earned numerous accolades, such as being named one of the 50 most engaged workplaces in the U.S. and receiving the Northeast Ohio North Coast 99 award multiple times for excellence in attracting, motivating, and retaining top talent.

Financially, Olympic Steel has consistently demonstrated robust performance through strategic facility locations across North America and an extensive portfolio of products and services. The company's recent achievements include expanding its processing capabilities and entering into strategic partnerships that enhance its market presence and service offerings.

Olympic Steel is also known for its strong corporate culture and commitment to employee development, making it a sought-after workplace in the metals industry. The company's focus on innovation and customer satisfaction continues to drive its success and industry leadership.

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Olympic Steel, Inc. (Nasdaq: ZEUS) will release its fourth-quarter 2023 financial results after the market closes on February 22, 2024, with a webcast to discuss the results on February 23, 2024. Participants include Richard T. Marabito, CEO, Andrew Greiff, President and COO, and Richard A. Manson, CFO.
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Olympic Steel Inc. (Nasdaq: ZEUS) promotes Anthony G. Dominic to Vice President – Safety, Health and Environment (SH&E) after his successful leadership in creating a safety-first culture, enhancing safety processes, and increasing employee engagement. Dominic has over 33 years of SH&E expertise and has led the organization through a global pandemic, improved key performance indicators, and increased overall employee engagement in safety, health, and the environment.
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Olympic Steel Inc. (Nasdaq: ZEUS) promotes Zachary J. Siegal to President – Manufactured Metal Products, aiming to accelerate strategic growth and diversify into the manufactured metal products market. Siegal, who joined the company in 2007, will lead the newly created Manufactured Metal Products business group, including McCullough Industries (WRIGHT®), Metal-Fab, Shaw Stainless & Alloy, and EZ-Dumper® operations. He will report directly to Andrew S. Greiff, President and Chief Operating Officer. The move is aimed at capitalizing on core competencies, mitigating cyclicality, and maximizing returns on investments in the manufactured metals market.
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Olympic Steel, Inc. announced financial results for Q3 2023. Net income was $12.2 million, compared to $12.0 million in Q3 2022. EBITDA was $27.1 million, compared to $23.8 million in Q3 2022. Sales totaled $526 million, down from $634 million in Q3 2022. The company completed the acquisition of Central Tube & Bar, its seventh acquisition in six years.
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Olympic Steel announces George R. Frost as Director of National Sales - Aluminum
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Olympic Steel to release Q3 2023 financial results on November 2. Webcast to discuss results on November 3 at 10:00 a.m. ET. Participants include CEO, President, and CFO.
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Olympic Steel Inc. completes acquisition of Central Tube & Bar, expected to be immediately accretive. CTB's trailing 12-month revenue is approximately $40 million. Olympic Steel's total debt is $234 million with availability of $359 million, leaving capital for further acquisitions and investments.
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Olympic Steel promotes Leah M. Kiley to General Manager for Minneapolis plate processing facility
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Olympic Steel, Inc. (Nasdaq: ZEUS) Announces Strong Q2 2023 Results with $15.0 Million Net Income and $569 Million in Sales. Carbon segment delivers strong profitability, while Tubular and Pipe Products segment further capitalizes on growing demand for value-added offerings.
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FAQ

What is the current stock price of Olympic Steel (ZEUS)?

The current stock price of Olympic Steel (ZEUS) is $40.49 as of November 20, 2024.

What is the market cap of Olympic Steel (ZEUS)?

The market cap of Olympic Steel (ZEUS) is approximately 442.4M.

What does Olympic Steel, Inc. specialize in?

Olympic Steel specializes in the direct sale and distribution of processed carbon, coated, and stainless flat-rolled sheet, coil, and plate steel, as well as aluminum products.

When was Olympic Steel founded?

Olympic Steel was founded in 1954.

Where is Olympic Steel headquartered?

Olympic Steel is headquartered in Cleveland, Ohio.

What industries does Olympic Steel serve?

Olympic Steel serves various industries including industrial machinery, automotive, and transportation equipment manufacturing.

What are the main segments of Olympic Steel?

The main segments of Olympic Steel are specialty metals flat products, carbon flat products, and tubular and pipe products.

What is CTI and how is it related to Olympic Steel?

CTI is a subsidiary of Olympic Steel and is a leading distributor of steel tubing, bar, pipe, valves, and fittings. It also fabricates pressure parts for the electric utility industry.

What awards has Olympic Steel received?

Olympic Steel has been named one of the 50 most engaged workplaces in the U.S. and is a multi-year recipient of the Northeast Ohio North Coast 99 award.

How does Olympic Steel ensure quality and safety?

Olympic Steel is committed to providing quality business solutions safely, aiming for profitable growth through robust safety and quality measures.

What is Olympic Steel's mission?

Olympic Steel's mission is to achieve profitable growth by safely providing quality business solutions for metal product users.

What recent achievements has Olympic Steel made?

Recent achievements include expanding processing capabilities and entering into strategic partnerships to enhance market presence and service offerings.

Olympic Steel, Inc.

Nasdaq:ZEUS

ZEUS Rankings

ZEUS Stock Data

442.41M
9.79M
12.03%
86.55%
3.29%
Steel
Wholesale-metals Service Centers & Offices
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United States of America
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