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Olympic Steel Inc. - ZEUS STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Olympic Steel's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Olympic Steel's position in the market.

Rhea-AI Summary
Olympic Steel, Inc. (ZEUS) will announce its first-quarter 2024 financial results on May 2, 2024, followed by a webcast on May 3, 2024. Key executives like CEO Richard T. Marabito will discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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Rhea-AI Summary
Olympic Steel, Inc. (ZEUS) reported strong financial results for Q4 and full-year 2023, with net income of $7.4 million and $44.5 million, respectively. Adjusted EBITDA for Q4 was $16.7 million, and $97.6 million for the full year. Sales for Q4 were $489 million, and $2.2 billion for the year. The company increased its quarterly dividend by 20% to $0.15 per share, reflecting a successful diversification strategy and operational discipline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.59%
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Rhea-AI Summary
Olympic Steel announces George R. Frost as Director of National Sales - Aluminum
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End-of-Day
0.27%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.97%
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Rhea-AI Summary
Olympic Steel promotes Leah M. Kiley to General Manager for Minneapolis plate processing facility
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.53%
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Olympic Steel Inc.

Nasdaq:ZEUS

ZEUS Rankings

ZEUS Stock Data

759.79M
9.78M
12.03%
89.01%
2.95%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Bedford Heights

About ZEUS

--our mission-- achieve profitable growth by safely providing quality business solutions for metal product users. --about olympic steel-- founded in 1954, olympic steel is a leading u.s. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. the company’s cti subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. headquartered in cleveland, ohio, olympic steel currently operates numerous strategically located facilities in north america. --career-- olympic steel has been recognized as one of the best places to work. in fact, we've earned distinction as one of the 50 most engaged workplaces in the us and are a multi-year recipient of the northeast ohio north coast 99 award for excellence in attracting, motivating and retaining top performers. current