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.
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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