Duyuru • Sep 30
Olympic Steel, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Olympic Steel, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Duyuru • Aug 01
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on September 15, 2025 Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.16 per share, which is payable on September 15, 2025, to shareholders of record on September 2, 2025. The Company has paid a regular quarterly dividend since March 2006, increasing the dividend in each of the last three years. Duyuru • Jul 02
Olympic Steel, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Olympic Steel, Inc. announced that they will report Q2, 2025 results on Jul 31, 2025 Duyuru • May 06
Olympic Steel, Inc. Announces Board Changes Olympic Steel Inc. announced that Peter J. Scott was elected to its board of directors at the company’s Annual Meeting on May 2. Long-time director Michael G. Rippey has retired from the Board after 10 years of service. Mr. Scott founded Headwall Partners, an independent investment banking firm focused on the metals and mining industries, in 2016. He currently serves as the Managing Partner. Mr. Scott previously served as Managing Director and Americas Head of Industrials, Global Head of Steel & Metals and Americas Head of Mining for Jefferies Group LLC. He also previously served as Executive Director and Americas Head of Metals at Morgan Stanley. Mr. Rippey joined Olympic Steel’s Board in 2015. During his tenure, he served on the Nominating and Governance Committee and as Chairman of the Audit and Compliance Committee. Duyuru • May 02
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on June 16, 2025 The Board of Directors of Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.16 per share, which is payable on June 16, 2025, to shareholders of record on June 2, 2025. The company has paid regular dividends dating back to 2006. Duyuru • Apr 02
Olympic Steel, Inc. to Report Q1, 2025 Results on May 01, 2025 Olympic Steel, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Duyuru • Mar 31
Olympic Steel, Inc., Annual General Meeting, May 02, 2025 Olympic Steel, Inc., Annual General Meeting, May 02, 2025. Location: meetnow.global/mpwvzu9, United States Duyuru • Feb 21
Olympic Steel, Inc. Approves Quarterly Cash Dividend, Payable on March 17, 2025 Olympic Steel, Inc. announced that the Board of Directors approved a regular quarterly cash dividend of $0.16 per share, which is an increase from the Company’s last quarterly dividend of $0.15 per share. This marks the fourth increase since 2022, cumulatively raising the quarterly dividend from $0.02 per share to $0.16 per share. The dividend is payable on March 17, 2025, to shareholders of record as of March 3, 2025. Duyuru • Jan 21
Olympic Steel, Inc. to Report Q4, 2024 Results on Feb 20, 2025 Olympic Steel, Inc. announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Rich Stovsky was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 13
Olympic Steel, Inc. (NasdaqGS:ZEUS) acquired Metalworks LLC. Olympic Steel, Inc. (NasdaqGS:ZEUS) acquired Metalworks LLC on November 11, 2024. A cash consideration will be paid by Olympic Steel, Inc. The business, will continue to operate as Metal Works, led by President Ben Houston and his management team, the all-cash purchase is expected to be immediately accretive for Olympic Steel, Inc. (NasdaqGS:ZEUS).
Olympic Steel, Inc. (NasdaqGS:ZEUS) completed the acquisition of Metalworks LLC on November 11, 2024. Declared Dividend • Nov 12
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 2nd December 2024 Payment date: 16th December 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €38.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 80% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.23 (vs US$1.06 in 3Q 2023) Third quarter 2024 results: EPS: US$0.23 (down from US$1.06 in 3Q 2023). Revenue: US$470.0m (down 11% from 3Q 2023). Net income: US$2.73m (down 78% from 3Q 2023). Profit margin: 0.6% (down from 2.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Nov 01
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable December 16, 2024 Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.15 per share, which is payable on December 16, 2024, to shareholders of record as of December 2, 2024. The Company has paid a regular quarterly dividend since March 2006. Duyuru • Oct 04
Olympic Steel, Inc. to Report Q3, 2024 Results on Oct 31, 2024 Olympic Steel, Inc. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 Upcoming Dividend • Aug 26
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.2%). Declared Dividend • Aug 12
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.4% over the next year. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.66 (vs US$1.30 in 2Q 2023) Second quarter 2024 results: EPS: US$0.66 (down from US$1.30 in 2Q 2023). Revenue: US$526.3m (down 7.6% from 2Q 2023). Net income: US$7.66m (down 49% from 2Q 2023). Profit margin: 1.5% (down from 2.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Duyuru • Aug 02
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on September 16, 2024 The Board of Directors of Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.15 per share, which is payable on September 16, 2024, to shareholders of record on September 2, 2024. The Company has paid a regular quarterly dividend since March 2006, increasing the dividend in each of the last three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €44.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.95 per share. Duyuru • Jul 04
Olympic Steel, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Olympic Steel, Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Upcoming Dividend • May 27
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%). Declared Dividend • May 13
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 3rd June 2024 Payment date: 17th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next year. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €49.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.91 per share. New Risk • May 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.75 (vs US$0.85 in 1Q 2023) First quarter 2024 results: EPS: US$0.75 (down from US$0.85 in 1Q 2023). Revenue: US$526.6m (down 8.1% from 1Q 2023). Net income: US$8.70m (down 12% from 1Q 2023). Profit margin: 1.7% (in line with 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Duyuru • May 03
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on June 17, 2024 Olympic Steel, Inc. announced that the Board of Directors approved a regular quarterly cash dividend of $0.15 per share, which is payable on June 17, 2024, to shareholders of record on June 3, 2024. Duyuru • Apr 04
Olympic Steel, Inc. to Report Q1, 2024 Results on May 02, 2024 Olympic Steel, Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Duyuru • Mar 30
Olympic Steel, Inc., Annual General Meeting, May 03, 2024 Olympic Steel, Inc., Annual General Meeting, May 03, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider and elect the Directors to the class whose two-year term will expire in 2026; and to consider the selection of Grant Thornton LLP as the company's independent auditors for the year ending December 31, 2024; to consider and approve the executive officer compensation; and to consider the other business matters. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$3.85 (vs US$7.87 in FY 2022) Full year 2023 results: EPS: US$3.85 (down from US$7.87 in FY 2022). Revenue: US$2.16b (down 16% from FY 2022). Net income: US$44.5m (down 51% from FY 2022). Profit margin: 2.1% (down from 3.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 23
Olympic Steel, Inc .Approves Regular First Quarter 2024 Cash Dividend, Payable on March 15, 2024 Olympic Steel, Inc.approved a regular first quarter 2024 cash dividend of $0.15per share, which is an increase of $0.025per share from the Company’s last quarterly dividend of $0.125per share. This marks the third increase since 2022, cumulatively raising the quarterly dividend from $0.02per share to $0.15per share. The dividend is payable on March 15, 2024 to shareholders on record as of March 4, 2024. The Company expects to maintain the quarterly dividend of $0.15per share on a regular basis, subject to Board approval. The Company has paid a regular quarterly dividend since March 2006. Duyuru • Jan 25
Olympic Steel, Inc. to Report Q4, 2023 Results on Feb 22, 2024 Olympic Steel, Inc. announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Upcoming Dividend • Nov 23
Upcoming dividend of US$0.13 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.4%). New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Duyuru • Nov 04
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on December 15, 2023 The Board of Directors of Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.125 per share, which is payable on December 15, 2023, to shareholders of record as of December 1, 2023. The Company has paid a regular quarterly dividend since March 2006. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.06 (vs US$1.04 in 3Q 2022) Third quarter 2023 results: EPS: US$1.06 (up from US$1.04 in 3Q 2022). Revenue: US$526.4m (down 17% from 3Q 2022). Net income: US$12.2m (up 1.5% from 3Q 2022). Profit margin: 2.3% (up from 1.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 6.8% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 10
Olympic Steel, Inc. Welcomes George R. Frost as Director of National Sales – Aluminum Olympic Steel Inc. announced that George R. Frost has joined the Company in the role of Director of National Sales – Aluminum. Mr. Frost joins Olympic Steel with nearly two decades of metals industry experience, including several commercial and distribution roles of increasing responsibility with national mills. In his new role, he will support the growth of Olympic Steel’s Specialty Metals business segment with a focus on aluminum products and processing – a key element of the Company’s strategic growth plan. He will report directly to Andrew Wolfort, Vice President – Specialty Metals. Duyuru • Oct 05
Olympic Steel, Inc. to Report Q3, 2023 Results on Nov 02, 2023 Olympic Steel, Inc. announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.13 per share at 1.0% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (8.6%). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$1.30 (vs US$3.26 in 2Q 2022) Second quarter 2023 results: EPS: US$1.30 (down from US$3.26 in 2Q 2022). Revenue: US$569.3m (down 20% from 2Q 2022). Net income: US$15.0m (down 60% from 2Q 2022). Profit margin: 2.6% (down from 5.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 8.9% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 05
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on September 15, 2023 The Board of Directors of Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.125 per share, which is payable on September 15, 2023, to shareholders of record on September 1, 2023. The Company has paid a regular quarterly dividend since March 2006. Duyuru • Aug 04
Olympic Steel Announces Leadership Changes Olympic Steel Inc. reported several recent leadership changes related to the Company's fabrication growth strategy. Fitzgerald has joined the Company in the newly created role of Vice President -Fabrication. In this role, Fitzgerald will lead the execution of Olympic Steel's fabrication strategy - a key element of the Company's growth strategy. He will specifically focus on strengthening the organization's fabrication-related commercial presence, facilitating operational standardization and implementing new technologies. He will report directly to Andrew Greiff, President and Chief Operating Officer. Fitzgerald brings more than 23 years of experience in new product development, global supply chain management, operations management and strategic planning, including in his most recent role as Global Category Procurement Manager for a leading international original equipment manufacturer (OEM). He earned his bachelor's andmaster's degrees in mechanical engineering from the University of South Carolina. He earned his Master of Business Administration from the Wake Forest University School of Business. In addition, Matthew Grussing has been appointed Director of Sales - Fabrication. Grussing has been named Director of Sales - Fabrication. Grussing will report directly to Fitzgerald in this newly created role and focus on developing and implementing strategies to grow the Company's fabrication business. Grussing joined Olympic Steel in 2010 as an Inside Sales Representative. In his more than 13 years with the Company, he has held commercial roles of increasing responsibility, most recently serving as General Manager for the Company's Minneapolis Plate facility. Duyuru • Jul 12
Olympic Steel, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Olympic Steel, Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Duyuru • Jul 08
Olympic Steel Inc Announces Executive Changes Olympic Steel Inc. announced several recent leadership changes. Michael Heenan has been named to the role of General Manager for Olympic Steel’s Gary, Indiana, temper mill processing and distribution facility. Mr. Heenan joined the Company in 2010 as an Inside Sales Representative. Throughout his career, he has excelled in positions of increasing commercial responsibility. Most recently, Mr. Heenan served as Regional Sales Manager for the Company’s Gary, Indiana, and Schaumburg and Bartlett, Illinois, Specialty Metals operations. Mr. Heenan is a graduate of Eastern Illinois University where he earned a bachelor’s degree in business and marketing. Gerald “Jerry” Gideon has been named Commercial Director for Olympic Steel’s Specialty Metals business segment. Mr. Gideon joined the Company in a commercial leadership role in 2010 as part of the acquisition of Olympic Steel’s Integrity Stainless subsidiary. In 2014, he assumed the role of General Manager for the Integrity Stainless facility in Streetsboro, Ohio. Mr. Gideon received his bachelor’s degree from the University of Illinois Champaign – Urbana. He serves on the Board of Directors for the Metals Service Center Institute Northern Ohio Division and previously served as President for the organization. He also serves as a member of the ORT Board of Directors. Richard Ranells has been named General Manager for the Company’s processing facility in Latrobe, Pennsylvania, one of two locations that support Olympic Steel’s Integrity Stainless subsidiary. Mr. Ranells joined the Company in a commercial role in 2010 as part of the Integrity Stainless acquisition. Over time, his responsibility and scope of work have expanded to encompass the roles of Inside Sales Manager, Outside Sales Manager, and most recently, Director of Sales for both Integrity Stainless locations. Mr. Ranells earned his bachelor’s degree in business administration from Cleveland State University. Scott Silverman has been named General Manager for the Company’s processing facility in Streetsboro, Ohio, one of two locations that support Olympic Steel’s Integrity Stainless subsidiary. Mr. Silverman joined Olympic Steel in 2022 as Director of Operations for Integrity Stainless. Mr. Silverman graduated from Lehigh University with a bachelor’s degree in history and psychology. He also graduated cum laude from New York Law School. Prior to joining Olympic Steel, Mr. Silverman was a practicing corporate and securities attorney before becoming in-house counsel for Deutsche Bank, and, later, an advisor in the insurance industry specializing in business and legal consulting. All of the individuals moving into new roles will report directly to Andrew Wolfort, Olympic Steel’s Vice President – Specialty Metals. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €45.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 337% over the past three years. Upcoming Dividend • May 24
Upcoming dividend of US$0.13 per share at 1.1% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (9.0%). Duyuru • May 06
Olympic Steel, Inc. Approves Quarterly Cash Dividend, Payable on June 15, 2023 Olympic Steel, Inc. of Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.125 per share, which is payable on June 15, 2023, to shareholders of record on June 1, 2023. The Company has paid a regular quarterly dividend since March 2006. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.85 (vs US$3.23 in 1Q 2022) First quarter 2023 results: EPS: US$0.85 (down from US$3.23 in 1Q 2022). Revenue: US$573.1m (down 18% from 1Q 2022). Net income: US$9.87m (down 74% from 1Q 2022). Profit margin: 1.7% (down from 5.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 5.1% p.a. on average during the next 2 years compared to a 1.0% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year whereas the company’s share price has increased by 73% per year. Recent Insider Transactions • Mar 07
Executive Chairman recently sold €5.3m worth of stock On the 3rd of March, Michael Siegal sold around 100k shares on-market at roughly €52.94 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €51.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 366% over the past three years. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$7.87 (vs US$10.53 in FY 2021) Full year 2022 results: EPS: US$7.87 (down from US$10.53 in FY 2021). Revenue: US$2.56b (up 11% from FY 2021). Net income: US$90.9m (down 25% from FY 2021). Profit margin: 3.6% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.13 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.4%). Duyuru • Feb 16
Olympic Steel, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2023 Olympic Steel, Inc. announced that the Company’s Board of Directors approved a regular quarterly cash dividend of $0.125 per share, which is an increase of $0.035 per share from the Company’s last quarterly dividend of $0.09 per share. The dividend is payable on March 15, 2023, to shareholders of record on March 1, 2023. Duyuru • Jan 25
Olympic Steel, Inc. to Report Q4, 2022 Results on Feb 23, 2023 Olympic Steel, Inc. announced that they will report Q4, 2022 results After-Market on Feb 23, 2023 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 15% share price gain to €35.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 156% over the past three years. Duyuru • Jan 11
Olympic Steel Announces Executive Promotions Olympic Steel Inc. announced the promotions of Lisa K. Christen to Treasurer and Kevin M. Eldridge to Corporate Controller. Ms. Christen is a Certified Public Accountant in the state of Ohio. She joined Olympic Steel in 1999 as a Tax Accountant and has since progressed through roles of increasing responsibility within the Finance and Accounting Department, most recently serving as Corporate Controller and Treasurer. Ms. Christen earned both her bachelor’s degree in accounting and her Master of Business Administration from Kent State University. She is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants. She also serves as Treasurer on the Board of Seton Catholic School and as a Finance Committee member for Walsh Jesuit High School. Mr. Eldridge joined Olympic Steel in 2011, quickly advancing in roles within the Corporate Accounting Department, including in his most recent position as Corporate Accounting Manager. Mr. Eldridge earned his bachelor’s degree in accounting from Miami University and his master’s degree in accounting from Kent State University. Duyuru • Jan 05
Olympic Steel, Inc. (NasdaqGS:ZEUS) acquired Metal-Fab, Inc. from Janet A. Shannon and Kenneth F. Shannon for approximately $130 million. Olympic Steel, Inc. (NasdaqGS:ZEUS) acquired Metal-Fab, Inc. from Janet A. Shannon and Kenneth F. Shannon for approximately $130 million on January 3, 2023. Under the terms of the agreement, the total purchase price includes $131 million in cash plus estimated closing cash of $0.2 million. if Closing Cash exceeds Estimated Closing Cash, then the Purchase Price will be increased by the amount of such excess and if Closing Cash is less than the Estimated Closing Cash, then the Purchase Price will be decreased by the amount of such deficit. $0.5 million is kept as Escrow amount for the Escrow agent, Computershare Trust Company for performing its services pursuant to the Escrow Agreement. The purchase price was funded through the existing revolving credit facility. Metal-Fab will continue to operate as Metal-Fab, an Olympic Steel company, led by Mark Ohm, President, Metal-Fab and his experienced management team. Hennepin Partners LLC acted as financial advisor to Janet A. Shannon and Kenneth F. Shannon and Copper Run Capital LLC acted as financial advisor to Olympic Steel. Matthew J. Miller of Katz Teller Brant & Hild acted as legal advisor to Metal-Fab and Matthew A. Heinle of Brennan Manna & Diamond LLC acted as legal advisor to Olympic Steel.
Olympic Steel, Inc. (NasdaqGS:ZEUS) completed the acquisition of Metal-Fab, Inc. from Janet A. Shannon and Kenneth F. Shannon on January 3, 2023. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Rich Stovsky was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (9.0%). Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$1.04 (vs US$3.88 in 3Q 2021) Third quarter 2022 results: EPS: US$1.04 (down from US$3.88 in 3Q 2021). Revenue: US$634.4m (down 5.1% from 3Q 2021). Net income: US$12.0m (down 73% from 3Q 2021). Profit margin: 1.9% (down from 6.7% in 3Q 2021). Revenue is expected to fall by 21% p.a. on average during the next 2 years compared to a 3.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 04
Olympic Steel, Inc. Approves Regular Quarterly Cash Dividend, Payable on December 15, 2022 The Board of Directors of Olympic Steel, Inc. approved a regular quarterly cash dividend of $0.09 per share, which is payable on December 15, 2022, to shareholders of record on December 1, 2022. The company has paid a regular quarterly dividend since March 2006. Duyuru • Oct 05
Olympic Steel, Inc. to Report Q3, 2022 Results on Nov 03, 2022 Olympic Steel, Inc. announced that they will report Q3, 2022 results After-Market on Nov 03, 2022 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 1.8% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (9.4%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$3.26 (vs US$2.58 in 2Q 2021) Second quarter 2022 results: EPS: US$3.26 (up from US$2.58 in 2Q 2021). Revenue: US$709.2m (up 28% from 2Q 2021). Net income: US$37.6m (up 27% from 2Q 2021). Profit margin: 5.3% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 16% compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 06
Olympic Steel, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Olympic Steel, Inc. announced that they will report Q2, 2022 results After-Market on Aug 04, 2022 Recent Insider Transactions • Jun 09
Director recently sold €426k worth of stock On the 7th of June, David Wolfort sold around 13k shares on-market at roughly €33.61 per share. In the last 3 months, they made an even bigger sale worth €1.3m. Insiders have been net sellers, collectively disposing of €6.8m more than they bought in the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 1.3% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (7.6%). Recent Insider Transactions • May 12
Director recently sold €172k worth of stock On the 10th of May, David Wolfort sold around 6k shares on-market at roughly €29.77 per share. In the last 3 months, they made an even bigger sale worth €1.8m. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. 
