Olympic Steel

Olympic Steel Announces Increased Quarterly Cash Dividend

Retrieved on: 
Friday, February 18, 2022
Natural Resources, Manufacturing, Mining, Minerals, Steel, Company, Carbon, Olympic Steel, ZEUS, Nasdaq, Sale, Aluminium, Extrusion

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national service center, today announced that the Companys Board of Directors approved a regular quarterly cash dividend of $0.09 per share, which is an increase of $0.07 per share from the Companys last dividend of $0.02 per share.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national service center, today announced that the Companys Board of Directors approved a regular quarterly cash dividend of $0.09 per share, which is an increase of $0.07 per share from the Companys last dividend of $0.02 per share.
  • As indicated in our earnings releases for the first three quarters of 2021, this has been an extraordinary year with record profitability for Olympic Steel.
  • We are pleased to share that success with our shareholders by declaring a quarterly dividend that has been increased from $0.02 per share to $0.09 per share.
  • We expect to maintain this increased quarterly dividend on a regular basis, subject to Board Approval.

Webcast Alert: Olympic Steel to Announce Fourth-Quarter 2021 Financial Results After Market Closes on February 24, 2022

Retrieved on: 
Thursday, January 27, 2022
Natural Resources, Manufacturing, Mining, Minerals, Steel, Webcast, Sale, Carbon, Olympic Steel, Nasdaq, ZEUS, Aluminium, Extrusion

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its fourth-quarter 2021 financial results after the market closes on February 24, 2022.

Key Points: 
  • Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its fourth-quarter 2021 financial results after the market closes on February 24, 2022.
  • A webcast to discuss these results will be held on Friday, February 25, 2022 at 10:00 a.m. Eastern Time.
  • Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer, Andrew Greiff, President and Chief Operating Officer and Richard A. Manson, Chief Financial Officer.
  • Headquartered in Cleveland, Ohio, Olympic Steel operates from 41 facilities in North America.

Olympic Steel Names David J. Gea President – Carbon Flat Rolled

Retrieved on: 
Tuesday, January 18, 2022
Steel, Manufacturing, Carbon, Region, Metals Service Center Institute, Growth, ZEUS, Nasdaq, Industry, Aluminium, Ohio State University, Washington University in St. Louis, Sale, Olympic Steel, Southeastern United States, Management, MSCI

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of David J. Gea to the role of President Carbon Flat Rolled.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of David J. Gea to the role of President Carbon Flat Rolled.
  • Mr. Gea will provide strategic leadership for the safe, profitable and sustainable growth of Olympic Steels carbon flat rolled business segment, which represents approximately 50% of the Companys revenue mix.
  • Mr. Gea joined Olympic Steel in 2002 and has progressed through roles of increasing commercial and leadership responsibility, including most recently serving as Regional Vice President for the Companys carbon flat rolled business in the southeastern United States.
  • Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products.

Olympic Steel Names James D. Esway General Manager

Retrieved on: 
Tuesday, October 12, 2021
Steel, Manufacturing, Company, Olympic Steel, General manager, Carbon, Aluminium, Metal, Growth, Kent State University, Robert Morris University, ZEUS, Leadership, Sale, Nasdaq, Management

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that James D. Esway has joined the Company as General Manager of the organizations facilities in Buford and Winder, Georgia.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that James D. Esway has joined the Company as General Manager of the organizations facilities in Buford and Winder, Georgia.
  • Mr. Esway will lead the day-to-day operation of both facilities, which have continued to experience notable growth since the opening of the Buford facility in 2020.
  • Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products.
  • Headquartered in Cleveland, Ohio, Olympic Steel operates from 41 facilities in North America.

Webcast Alert: Olympic Steel to Announce Third-Quarter 2021 Financial Results After Market Closes on November 4, 2021

Retrieved on: 
Thursday, October 7, 2021
Other Manufacturing, Manufacturing, Steel, Carbon, Aluminium, Olympic Steel, ZEUS, Sale, Webcast, Nasdaq

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its third-quarter 2021 financial results after the market closes on November 4, 2021.

Key Points: 
  • Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its third-quarter 2021 financial results after the market closes on November 4, 2021.
  • A webcast to discuss these results will be held on Friday, November 5, 2021 at 10:00 a.m. Eastern Time.
  • Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer, Andrew Greiff, President and Chief Operating Officer and Richard A. Manson, Chief Financial Officer.
  • Headquartered in Cleveland, Ohio, Olympic Steel operates from 41 facilities in North America.

Olympic Steel Acquires Shaw Stainless & Alloy

Retrieved on: 
Friday, October 1, 2021
Steel, Manufacturing, Shaw, Olympic Steel, Achievement, Annual report, Mitre, Sale, Private Securities Litigation Reform Act, Carbon, Aluminium, Phrase, Acquisition, Forward-looking statement, Safety, Nasdaq, ZEUS, Plasma, Risk management

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has acquired the assets of Shaw Stainless & Alloy, Inc. (Shaw).

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has acquired the assets of Shaw Stainless & Alloy, Inc. (Shaw).
  • Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles.
  • It will continue to operate as Shaw Stainless & Alloy, an Olympic Steel company, led by its existing management team, including President Bryan Shaw.
  • Headquartered in Cleveland, Ohio, Olympic Steel operates from 41 facilities in North America, inclusive of the seven new locations added as part of the Shaw Stainless & Alloy acquisition.

Olympic Steel Announces Sale of Detroit Assets and Operations

Retrieved on: 
Friday, September 17, 2021
Automotive Manufacturing, Other Manufacturing, Manufacturing, Steel, Southeastern United States, Annual report, Olympic Steel, Sale, Private Securities Litigation Reform Act, Carbon, Aluminium, Phrase, Automation, Forward-looking statement, Investment, Nasdaq, ZEUS, Bank

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the sale of substantially all of the Companys Detroit assets and operations to Venture Steel Inc.

Key Points: 
  • Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the sale of substantially all of the Companys Detroit assets and operations to Venture Steel Inc.
  • The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the final sale price.
  • Marabito concluded, Our Detroit operation primarily focused on processing and distributing flat-rolled metal to domestic automotive manufacturers and their suppliers.
  • Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products.

Olympic Steel Names Brian C. Harkins Vice President – Aluminum

Retrieved on: 
Friday, September 10, 2021
Steel, Manufacturing

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Brian C. Harkins has been promoted to Vice President Aluminum.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Brian C. Harkins has been promoted to Vice President Aluminum.
  • Mr. Harkins will continue to report to Andy Markowitz, President Specialty Metals.
  • Brian has a clear vision for the future of our aluminum product line a future focused on intentional, sustainable growth.
  • Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products.

Olympic Steel Names Cassandra Powers Vice President Human Resources

Retrieved on: 
Thursday, September 9, 2021
Steel, Manufacturing

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Cassandra (Cassy) Powers has been promoted to Vice President of Human Resources.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Cassandra (Cassy) Powers has been promoted to Vice President of Human Resources.
  • Powers will report directly to Richard T. Marabito, Olympic Steels Chief Executive Officer, and lead the Companys strategic employee acquisition, engagement, development and retention efforts.
  • Powers joined Olympic Steels Human Resources team in 2016, bringing with her more than 11 years of human resources and talent acquisition experience.
  • She is a Society for Human Resources Management Certified Professional (SHRM-CP) and serves on the Metals Service Center Institute (MSCI) Diversity, Equity and Inclusion (DEI) Task Force.

Olympic Steel Names William D. Maurer General Manager

Retrieved on: 
Monday, August 30, 2021
Steel, Manufacturing, General manager, Aluminium, Company, Pennsylvania State University, James D. Post, Nasdaq, ZEUS, Metals Service Center Institute, Region, Olympic Steel, Carbon, Sale

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that William (Bill) Maurer has been promoted to the role of General Manager for the Companys Milford, Connecticut, facility.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that William (Bill) Maurer has been promoted to the role of General Manager for the Companys Milford, Connecticut, facility.
  • The facilitys longtime General Manager Gerard (Gerry) Phillips will retire in late March 2022, after more than three decades in the metals industry.
  • Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products.
  • Headquartered in Cleveland, Ohio, Olympic Steel operates from 35 facilities in North America.