Olympic Steel Inc
NASDAQ:ZEUS

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Olympic Steel Inc
NASDAQ:ZEUS
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Price: 45.06 USD 0.51% Market Closed
Market Cap: 504.7m USD

Olympic Steel Inc
Investor Relations

Olympic Steel, Inc. engages in the processing, sale, and distribution of metal products. The company is headquartered in Bedford Heights, Ohio and currently employs 1,642 full-time employees. The firm operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. Its specialty metals flat products segment focuses on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Its carbon flat products segment focuses on the direct sale and distribution of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Its tubular and pipe products. distribute metal tubing, pipe, bar, valve, and fittings and fabricate pressure parts supplied to various industrial markets. The firm also performs toll processing of customer-owned metals. The company sells certain products internationally, primarily in Canada and Mexico.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 1, 2025
AI Summary
Q2 2025

Sales & Profitability: Olympic Steel reported second quarter sales of $496 million and net income of $5.2 million, with adjusted EBITDA rising 26% sequentially to $20.3 million.

Volume Trends: While second quarter shipping volumes declined sequentially due to prior buy-ahead activity, first half flat-rolled shipments were slightly ahead of the prior year even as the broader industry saw contraction.

Margin Expansion: Flat-rolled business margins improved in the quarter, driven by inventory timing, enriched product mix, and value-added fabrication.

Strong Balance Sheet: The company reduced debt to $233 million and has $305 million in available liquidity, positioning it well for organic growth and further acquisitions.

CapEx & Automation: 2025 capital expenditures are expected at $35 million, focused on automation and new processing equipment to drive productivity and safety.

Outlook: Management expects continued market uncertainty but sees positive demand trends emerging from tariff resolutions and new tax legislation.

Key Financials
Sales
$496 million
Net Income
$5.2 million
Adjusted EBITDA
$20.3 million
Carbon Segment EBITDA
$12.5 million
Pipe and Tube Segment Adjusted EBITDA
$6.7 million
Specialty Metals Group EBITDA
$5.9 million
Operating Expenses
$110.4 million
Total Debt
$233 million
Liquidity (Credit Facility Availability)
$305 million
Capital Expenditures (First Half)
$17.5 million
Depreciation (First Half)
$13 million
Dividend per Share
$0.16 per share (quarterly)
Effective Tax Rate (Q2 2025)
29.1%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael D. Siegal
Executive Chairman of the Board
No Bio Available
Mr. Richard T. Marabito
CEO & Director
No Bio Available
Mr. Andrew S. Greiff
President & COO
No Bio Available
Mr. Richard A. Manson C.P.A.
Chief Financial Officer
No Bio Available
Mr. David A. Wolfort
Senior Advisor & Director
No Bio Available
Ms. Lisa K. Christen C.P.A.
VP & Treasurer
No Bio Available
Ms. Michelle Pearson-Casey SPHR
Vice President of Corporate Communications & Marketing
No Bio Available
Cassandra Powers
Vice President of Human Resources
No Bio Available
Dr. Donald R. McNeeley Ph.D.
Chairman of Chicago Tube & Iron
No Bio Available
Mr. Andrew Markowitz
President of Specialty Metals
No Bio Available

Contacts

Address
OHIO
Bedford Heights
5096 Richmond Rd
Contacts
+12162923800.0
olysteel.com