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. (NASDAQ: ZEUS) is a U.S. metals service center that regularly issues news and updates on its operations, financial performance and strategic initiatives. Founded in 1954 and headquartered in Cleveland, Ohio, the company focuses on the direct sale and value-added processing of carbon and coated sheet, plate and coil steel products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube, bar, valves and fittings; tin plate and a range of metal-intensive end-use products. This news page for ZEUS aggregates company announcements so investors can review how management describes the business over time.
News for Olympic Steel often includes quarterly earnings releases, where the company discusses net income, sales, EBITDA and adjusted EBITDA, as well as commentary on its three segments: specialty metals flat products, carbon flat products and tubular and pipe products. These releases also highlight the performance of its manufactured metal products businesses and provide management’s perspective on macroeconomic conditions affecting the metals industry.
In addition to earnings, ZEUS news items cover strategic transactions and financing. For example, Olympic Steel has announced an amendment and extension of its asset-based revolving credit facility and, in October 2025, a definitive merger agreement with Ryerson Holding Corporation under which Olympic Steel is expected to become a wholly owned subsidiary of Ryerson, subject to shareholder and regulatory approvals and other customary closing conditions.
Company news also features leadership and governance updates, such as appointments and promotions of general managers at specific facilities and the election of new board members. These items provide insight into how Olympic Steel organizes its operations across its 54 facilities and manages its manufactured metal products brands. By reviewing ZEUS news, readers can follow developments in Olympic Steel’s processing footprint, manufactured products portfolio, financing arrangements and the progress of the announced merger with Ryerson.
Ryerson (NYSE: RYI) and Olympic Steel completed their merger on February 13, 2026. Ryerson issued 1.7105 shares for each Olympic share, leaving former Olympic shareholders with ~37% of Ryerson.
The combined company expects ~$120 million in annual synergies by early 2028, will trade as RYZ on NYSE beginning February 24, 2026, and announced executive appointments and inducement restricted stock unit grants.
Ryerson Holding Corporation (NYSE: RYI) and Olympic Steel (NASDAQ: ZEUS) announced that their shareholders approved the merger and related issuance of Ryerson stock.
The merger is expected to close on February 13, 2026, subject to customary closing conditions. Olympic Steel shares will cease trading on February 13, 2026 and will no longer be listed on NASDAQ following the closing. Under the merger agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each Olympic Steel share.
Olympic Steel (Nasdaq: ZEUS) appointed Matthew Grussing as Vice President – Fabrication, reporting to President & COO Andrew S. Greiff on February 11, 2026. Grussing will lead execution of the company’s fabrication strategy, prioritize commercial expansion, operational standardization, and adoption of new technologies.
Grussing joined Olympic Steel in 2010, has more than 16 years of tenure, served as General Manager of the Minneapolis plate processing facility and Director – Fabrication, and holds degrees from Ridgewater College and Bemidji State University.
Ryerson (NYSE: RYI) and Olympic Steel (NASDAQ: ZEUS) entered a definitive merger agreement to create the second-largest North American metals service center, with closing expected in Q1 2026 subject to regulatory and shareholder approvals.
The transaction will use a share exchange of 1.7105 Ryerson shares per Olympic Steel share, leaving Olympic shareholders with about 37% ownership of the combined company. The companies forecast approximately $120 million of annual synergies by the end of year two and expect the deal to be immediately accretive with a pro‑forma leverage ratio of less than 3.0x assuming partial synergy credit.
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.