Olympic Steel Inc
NASDAQ:ZEUS
Olympic Steel Inc
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.
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.
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.
