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. operates as a U.S. metals service center focused on the direct sale and value-added processing of carbon and coated steel, stainless steel, aluminum, pipe, tube, bar, valves, fittings and tin plate. Company updates have also covered metal-intensive end-use products, including stainless steel bollards, venting and air filtration systems, Wright brand material handling products, metal canopy components and related manufactured metal products.
Recurring developments include operating and financial results, facility and segment leadership changes, fabrication strategy, processing capabilities and corporate-status matters. In 2026, Olympic Steel completed a merger and became a wholly owned subsidiary of Ryerson, making merger completion, delisting and registration-status disclosures part of its historical public-company record.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Olympic Steel has appointed Jessica L. Burroughs as Vice President of its Action Stainless & Alloys subsidiary, marking a strategic addition to its leadership team. Burroughs brings over 18 years of metals industry experience, focusing on commercial, sales, and marketing roles. She will work directly under Andy Markowitz, President of Specialty Metals. The company emphasizes that enhancing returns on investments in Action Stainless & Alloys and expanding its stainless and aluminum segments are key to its business strategy. With the specialty metals sector being a rapid growth area, Burroughs's expertise is expected to drive new partnerships, products, and services. Olympic Steel, headquartered in Cleveland and founded in 1954, is a U.S. metals service center with over 44 facilities across North America.
Olympic Steel reported its quarterly and full-year results for 2022, marking the second most profitable year in its history. In Q4 2022, net income decreased to $4.0 million or $0.34 per diluted share compared to $24.9 million or $2.16 per share in Q4 2021. Full-year net income was $90.9 million, down from $121.1 million in 2021. Sales for 2022 rose to $2.6 billion, up from $2.3 billion in 2021. The Company emphasized a successful acquisition of Metal-Fab in January 2023, enhancing product offerings and manufacturing capabilities. Additionally, the quarterly dividend increased to $0.125 from $0.09 per share, reflecting a commitment to shareholder returns.
Olympic Steel (NASDAQ: ZEUS) announced a quarterly cash dividend increase to $0.125 per share from $0.09, effective March 15, 2023. This increase, amounting to $0.035 per share, reflects the company's strong performance over the past two years. The dividend, payable to shareholders of record on March 1, 2023, continues Olympic Steel's commitment to returning value to shareholders, having consistently paid dividends since March 2006. The company plans to maintain this quarterly dividend, pending Board approval.