Olympic Steel Stock Price, News & Analysis

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.

Olympic Steel (Nasdaq: ZEUS) has achieved the prestigious Partner-level Supplier status for 2024 in the John Deere Achieving Excellence Program, marking the highest supplier rating from Deere & Company. The recognition comes from Olympic Steel's outstanding commitment to quality products and services, along with continuous improvement initiatives.

Multiple Olympic Steel facilities provide first-stage metal processing and fabrication services to support John Deere's operations. The annual evaluation program, established in 1991, assesses suppliers across key performance categories including quality, delivery, process alignments, value creation, and relationship.

Olympic Steel (Nasdaq: ZEUS) has announced the opening of a new 105,000-square-foot facility in Houston, Texas, to support its Action Stainless business operations. The new location at Houston Oaks Drive represents a significant expansion, increasing the operation's footprint by 73,000 square feet compared to its previous Zoltowski Street location.

The expanded warehouse space will enhance Action Stainless's fabrication capabilities. As a full-line distributor of stainless steel, aluminum, and specialty alloy products, the company offers various services including robotic welding, cutting, forming, and finishing. The Houston facility, managed by Jeff Lyons, joins existing Action Stainless locations in Dallas, Kansas City, and Rock Hill.

Olympic Steel (Nasdaq: ZEUS) has appointed Joseph D. Goins as General Manager for its Action Stainless facility in Dallas, Texas. Goins, a U.S. Air Force veteran with extensive metals and manufacturing industry experience, will oversee the facility's daily operations and strategic growth, particularly in expanding its fabrication business.

The appointment comes during a significant 12-18 month transformation period for Action Stainless. Goins brings leadership experience in strategic sourcing, procurement, sales, and operations management, along with Lean Six Sigma Black Belt certification. He will report to Jessica L. Burroughs, Vice President – Action Stainless.

Olympic Steel (Nasdaq: ZEUS) has promoted Jerry Gideon to the newly created position of Vice President – Specialty Metals Sales. Gideon, who joined the company in 2010 through the Integrity Stainless acquisition, has served in various roles including General Manager for the Streetsboro, Ohio facility and most recently as Commercial Director – Specialty Metals.

In his new role, Gideon will report to Andy Markowitz, President – Specialty Metals. The promotion is aimed at accelerating growth in the specialty metals business, with a particular focus on expanding fabrication services and capabilities. Gideon brings over 15 years of experience with Olympic Steel and serves on the Board of Directors for the Metals Service Center Institute Northern Ohio Division.