Olympic Steel Stock Price, News & Analysis

Olympic Steel (Nasdaq: ZEUS) reported third-quarter 2025 results and a definitive merger agreement with Ryerson, expected to close in Q1 2026 subject to customary approvals. For Q3 2025, net income was $2.2M ($0.18 diluted EPS) versus $2.7M ($0.23) a year earlier. Sales were $491M, up 4.5% year-over-year, and Adjusted EBITDA was $15.4M (up from $13.0M). The Board approved a regular quarterly cash dividend of $0.16 per share payable December 15, 2025. Due to the pending transaction, the Oct. 31 earnings call was canceled.

Non-GAAP reconciliations for adjusted EPS and Adjusted EBITDA are included.

Olympic Steel (Nasdaq: ZEUS) announced the appointment of Larry N. Norred, Jr. as General Manager for its Buford (fabrication) and Winder (metal processing) facilities in Georgia, effective October 13, 2025.

Mr. Norred brings over three decades of steel-industry leadership, most recently serving as General Manager of KGS Steel, where he led customer-base expansion and value-added processing growth. He previously held senior roles at Service Steel and Pipe and Astralloy Steel Products. He will oversee daily operations, commercial strategy and overall performance, reporting to David J. Gea, President – Carbon Flat Rolled.

Mr. Norred holds a B.A. in Economics with minors in Finance and Accounting from Auburn University and is a retired Lieutenant Colonel with 42 years of Army Reserve service.

Olympic Steel (Nasdaq: ZEUS) has promoted Joseph L. Casey to the newly created position of Director – Manufactured Metal Products, where he will lead both McCullough Industries and MetalWorks brands. Casey, who joined Olympic Steel in 2012, will report to Zachary J. Siegal, President of Manufactured Metal Products.

Under Casey's leadership as General Manager, McCullough Industries has experienced significant growth, including the launch of new material handling product lines. In his expanded role, he will oversee operations and drive strategic growth for both divisions. The transition includes Nathan Anderson, MetalWorks' General Manager, reporting to Casey, while current MetalWorks President Ben Houston plans to retire in December.

Olympic Steel (Nasdaq: ZEUS) has announced the promotion of Vincent Anza to General Manager of its Milford, Connecticut facility. Anza, who joined the company in 2024 with over 18 years of metals industry management experience, will oversee daily operations and budgetary responsibilities for the facility, which specializes in slitting and cutting-to-length of flat rolled carbon steel, aluminum and stainless steel products.

Anza will report to David J. Gea, President of Carbon Flat Rolled, and replaces James D. Post, who will retire at the end of 2025 after more than 10 years with the company. Post currently serves as Region Vice President.

Olympic Steel (Nasdaq: ZEUS) reported its Q2 2025 financial results, with net income of $5.2 million ($0.45 per diluted share), compared to $7.7 million ($0.66 per diluted share) in Q2 2024. The company achieved sales of $496 million and Adjusted EBITDA of $20.3 million, showing resilience despite industry headwinds.

The company maintains a strong financial position with over $300 million in borrowing availability and announced a quarterly dividend of $0.16 per share. All three business segments contributed positive EBITDA for both Q2 and H1 2025. The company is implementing its 2025 capital expenditure plan, focusing on new processing and automation equipment to drive growth and efficiency.

Olympic Steel (NASDAQ: ZEUS) has announced the election of Peter J. Scott to its Board of Directors, while long-time director Michael G. Rippey retires after 10 years of service. Scott, the founder and Managing Partner of Headwall Partners, brings extensive experience in metals and finance to the board. His previous roles include Managing Director at Jefferies Group LLC, where he headed Industrials, Steel & Metals, and Mining divisions for the Americas, and Executive Director at Morgan Stanley, where he led the Americas Metals division.

The outgoing director, Michael G. Rippey, who joined in 2015, served on the Nominating and Governance Committee and chaired the Audit and Compliance Committee during his tenure.

Olympic Steel (NASDAQ: ZEUS) reported its Q1 2025 financial results with net income of $2.5 million ($0.21 per diluted share), down from $8.7 million ($0.75 per diluted share) in Q1 2024. Sales decreased to $493 million from $527 million year-over-year. Despite challenging market conditions, the company achieved positive EBITDA of $16.1 million across all business segments. Notably, flat-rolled shipping volumes increased 24% from Q4 2024 and 6% year-over-year. The company successfully reduced debt by $37 million from year-end levels through strong working capital management. Olympic Steel recently extended its $625 million credit facility and declared a quarterly dividend of $0.16 per share. The MetalWorks acquisition completed in late 2024 is performing well and immediately accretive.

Olympic Steel (Nasdaq: ZEUS) has successfully amended and extended its $625 million asset-based revolving credit facility through April 17, 2030. The facility, secured by company assets including accounts receivable, inventory, and select real estate, includes an increase option of up to $200 million. Following the amendment, the company has approximately $269 million of availability under the facility.

The funds will be utilized for working capital needs, acquisitions, and future growth initiatives. Bank of America serves as the Administrative Agent and Joint Lead Arranger, with Wells Fargo Bank, KeyBank, Huntington National Bank, and Fifth Third Bank serving various roles in the syndicate.

Olympic Steel (Nasdaq: ZEUS) has appointed Alex Hegler as the new General Manager for its Action Stainless facility in Rock Hill, South Carolina. Hegler, who previously served as Sales Manager for a global specialty metals distributor, brings experience in sales and strategic leadership to the role.

Reporting to Jessica L. Burroughs, Vice President of Action Stainless, Hegler will oversee daily operations and sustainable growth at the Rock Hill facility. The company expects his global experience to drive fabrication-focused growth, particularly in supporting OEMs considering reshoring options for metal processing.

Hegler, who holds a Bachelor of Science in business administration from the University of South Carolina, succeeds John McAuliffe, who is retiring after nearly 20 years with the company.