OverviewSuggest Edit

Olympic Steel is a company that processes and distributes metal products. It operates in three segments: Carbon Flat Products, Specialty Metals Flat Products, and Tubular and Pipe Products. The company provides processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, and aluminum products. In addition, Olympic Steel offers metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts.

TypePublic
Founded1954
HQBeachwood, OH, US
Websiteolysteel.com
Employee Ratings3.8
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2019)1,860(+2%)
Revenue (FY, 2019)$1.6 B(-7%)
Share Price (Jan 2021)$15.1 (-5%)
Cybersecurity ratingCMore

Key People/Management at Olympic Steel

Richard T. Marabito

Richard T. Marabito

Chief Executive Officer
Andrew Greiff

Andrew Greiff

President and Chief Operating Officer
Richard A. Manson

Richard A. Manson

Chief Financial Officer
Donald R. McNeeley

Donald R. McNeeley

Chairman – Chicago Tube & Iron
Andy Markowitz

Andy Markowitz

President – Specialty Metals
William Zielinski

William Zielinski

President and Chief Operating Officer – Chicago Tube & Iron
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Olympic Steel Office Locations

Olympic Steel has offices in Beachwood, Bedford, Bettendorf, Buford and in 12 other locations
Beachwood, OH, US (HQ)
22901 Millcreek Blvd #650
Bedford, OH, US
5096 Richmond Rd #5080
Bettendorf, IA, US
6425 State St
Buford, GA, US
3525 Gravel Springs Rd
Chambersburg, PA, US
1530 & 1599 Nitterhouse Drive
Detroit, MI, US
3600 Military St
Show all (18)

Olympic Steel Financials and Metrics

Olympic Steel Revenue

Olympic Steel's revenue was reported to be $1.58 b in FY, 2019
USD

Revenue (Q3, 2020)

299.9m

Net income (Q3, 2020)

(1.5m)

EBIT (Q3, 2020)

(363.0k)

Market capitalization (15-Jan-2021)

167.3m

Closing stock price (15-Jan-2021)

15.1

Cash (30-Sept-2020)

5.1m

EV

333.5m
Olympic Steel's current market capitalization is $167.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.1b1.3b1.7b1.6b

Revenue growth, %

(10%)26%29%

Cost of goods sold

820.0m1.1b1.4b

Gross profit

235.1m275.5m342.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

334.9m356.2m331.4m375.6m452.9b457.0m445.9m429.2m384.2m354.4m248.3m299.9m

Cost of goods sold

258.5m283.0m265.4m294.8m356.1b365.4m366.4m351.5m

Gross profit

76.4m73.2m66.1m80.8m96.9b91.6m79.5m77.7m

Gross profit Margin, %

23%21%20%22%21%20%18%18%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.3m3.0m9.3m5.7m

Accounts Receivable

101.9m132.7m175.3m133.6m

Prepaid Expenses

6.2m8.3m9.5m7.0m

Inventories

254.5m275.3m368.7m273.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.8m4.1m4.2m3.4m5.5m4.3m5.1m6.4m8.5m5.3m7.1m5.1m

Accounts Receivable

140.3m158.2m150.7m174.8m205.2m213.4m204.4m185.0m168.0m165.8m129.6m148.6m

Prepaid Expenses

4.1m6.3m5.5m5.7m5.3m5.2m9.9m10.0m6.3m6.4m8.8m8.1m

Inventories

263.2m262.7m280.2m319.0m363.6m366.2m342.9m288.2m283.1m267.6m269.7m232.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(1.1m)19.0m33.8m3.9m

Depreciation and Amortization

19.4m18.6m18.0m19.5m

Inventories

(47.9m)(20.8m)(78.7m)95.8m

Accounts Payable

28.6m3.9m2.9m(33.7m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

7.7m12.5m14.8m7.6m23.5m35.1m2.1m4.2m4.7m593.0k(5.9m)(7.4m)

Depreciation and Amortization

4.8m9.5m13.9m4.4m8.9m13.2m4.9m9.8m14.6m5.0m10.1m15.0m

Inventories

(8.7m)(8.2m)(25.7m)(43.7m)(73.5m)(76.1m)26.4m81.1m86.2m6.0m3.8m40.6m

Accounts Payable

6.8m4.9m178.0k34.0m41.2m36.9m8.9m(24.5m)(12.2m)10.3m2.1m2.5m
USDFY, 2016

Revenue/Employee

618.3k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.2 x
Show all financial metrics

Olympic Steel Operating Metrics

FY, 2016FY, 2017FY, 2018Aug, 2019

Facilities

30 29 29 32

Facilities Owned

24 24 24

Facilities Leased

6 5 5

Product Lines

7
Show all operating metrics

Olympic Steel Acquisitions / Subsidiaries

Company NameDateDeal Size
Berlin MetalsApril 02, 2018
B. Metals, Inc.
Chicago Tube and Iron Company
IS Acquisition, Inc
MCI, Inc.
Metales De Olympic, S. de R. L. de C.V.
Olympic Steel Iowa, Inc
Olympic Steel Lafayette, Inc.
Olympic Steel Minneapolis, Inc.
Olympic Steel Trading, Inc.
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Olympic Steel Revenue Breakdown

Embed Graph

Olympic Steel revenue breakdown by business segment: 17.4% from Tubular and Pipe Products, 62.6% from Carbon Flat Products and 20.0% from Specialty Metals Flat Products

Olympic Steel Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Olympic Steel Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Olympic Steel Online and Social Media Presence

Embed Graph

Olympic Steel Company Culture

  • Overall Culture

    A-

    78/100

  • CEO Rating

    A+

    83/100

  • Compensation

    B

    73/100

Learn more on Comparably

Olympic Steel News and Updates

Olympic Steel Blogs

Olympic Steel Names Jeffrey A. Carson General Manager

CLEVELAND – Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Jeffrey A. Carson has joined the Company as General Manager for the Bettendorf, Iowa facility. In this position, Mr. Carson will be responsible for driving the safe, profitable growth of tem…

Olympic Steel Acquires Action Stainless & Alloys

CLEVELAND – Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has acquired the assets of Action Stainless & Alloys, Inc., the Company’s fourth acquisition in the past three years. The all-cash purchase is immediately accretive. Terms were not di…

Olympic Steel Frequently Asked Questions

  • When was Olympic Steel founded?

    Olympic Steel was founded in 1954.

  • Who are Olympic Steel key executives?

    Olympic Steel's key executives are Richard T. Marabito, Andrew Greiff and Richard A. Manson.

  • How many employees does Olympic Steel have?

    Olympic Steel has 1,860 employees.

  • What is Olympic Steel revenue?

    Latest Olympic Steel annual revenue is $1.6 b.

  • What is Olympic Steel revenue per employee?

    Latest Olympic Steel revenue per employee is $848.9 k.

  • Who are Olympic Steel competitors?

    Competitors of Olympic Steel include Materion, Carpenter Technology and Precision Castparts.

  • Where is Olympic Steel headquarters?

    Olympic Steel headquarters is located at 22901 Millcreek Blvd #650, Beachwood.

  • Where are Olympic Steel offices?

    Olympic Steel has offices in Beachwood, Bedford, Bettendorf, Buford and in 12 other locations.

  • How many offices does Olympic Steel have?

    Olympic Steel has 18 offices.