OverviewSuggest Edit

Olympic Steel is a company that processes and distributes metal products. It operates through 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 2020)1,626(-12%)
Job Openings86
Revenue (FY, 2020)$1.2 B(-21%)
Share Price (Nov 2021)$25.3(-3%)
Cybersecurity ratingBMore
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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, Bettendorf, Buford, Chambersburg and in 11 other locations
Beachwood, OH, US (HQ)
22901 Millcreek Blvd #650
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
Dover, OH, US
501 Commercial Pkwy
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Olympic Steel Financials and Metrics

Olympic Steel Revenue

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View revenue for all periods
Olympic Steel's revenue was reported to be $1.23 b in FY, 2020 which is a 21.8% decrease from the previous period.
USD

Revenue (FY, 2020)

1.2b

Revenue growth (FY, 2019 - FY, 2020), %

(21.8%)

Gross profit (FY, 2020)

255.0m

Gross profit margin (FY, 2020), %

20.7%

Net income (FY, 2020)

(5.6m)

EBIT (FY, 2020)

573.0k

Market capitalization (12-Nov-2021)

291.3m

Closing stock price (12-Nov-2021)

25.3

Cash (31-Dec-2020)

5.5m

EV

472.0m
Olympic Steel's current market capitalization is $291.3 m.
USDFY, 2018FY, 2019FY, 2020

Revenue

1.7b1.6b1.2b

Revenue growth, %

29%(8%)(22%)

Cost of goods sold

1.4b1.3b979.1m

Gross profit

342.1m298.9m255.0m
USDFY, 2018FY, 2019FY, 2020

Cash

9.3m5.7m5.5m

Accounts Receivable

175.3m133.6m151.6m

Prepaid Expenses

9.5m7.0m5.1m

Inventories

368.7m273.5m240.0m
USDFY, 2018FY, 2019FY, 2020

Net Income

33.8m3.9m(5.6m)

Depreciation and Amortization

18.0m19.5m20.0m

Inventories

(78.7m)95.8m37.2m

Accounts Payable

2.9m(33.7m)23.3m
USDFY, 2018

EV/EBIT

7.9 x

EV/CFO

-8.9 x

Revenue/Employee

971.0k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.5 x

P/E Ratio

4.8
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Olympic Steel Operating Metrics

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

Facilities

30292932

Facilities Owned

242424

Facilities Leased

655

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

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Olympic Steel revenue breakdown by business segment: 25.4% from Specialty Metals Flat Products, 55.9% from Carbon Flat Products and 18.7% from Tubular and Pipe Products

Olympic Steel Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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

    80/100

  • CEO Rating

    A+

    88/100

  • Compensation

    B

    74/100

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Olympic Steel News and Updates

Olympic Steel Acquires Shaw Stainless & Alloy

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”). The all-cash purchase is immediately accretive. Terms were not disclosed

Olympic Steel Announces Sale of Detroit Assets and Operations

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the sale of substantially all of the Company's 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…

Olympic Steel Names Brian C. Harkins Vice President - Aluminum

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

Olympic Steel Names Cassandra Powers Vice President Human Resources

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.

Olympic Steel, Inc. (ZEUS) Ex-Dividend Date Scheduled for August 31, 2021

Olympic Steel, Inc. (ZEUS) will begin trading ex-dividend on August 31, 2021. A cash dividend payment of $0.02 per share is scheduled to be paid on September 15, 2021. Shareholders who purchased ZEUS prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 50th quarte…

Olympic Steel Names William D. Maurer General Manager

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 Company's Milford, Connecticut, facility.
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Olympic Steel Blogs

Olympic Steel Reports Record Third-Quarter 2021 Results

Sales and profitability surpass record-setting levels of second quarter Additional capital from strategic actions expected to improve returns in pursuit of higher value-added opportunities CLEVELAND – Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced recor…

Olympic Steel Names James D. Esway General Manager

CLEVELAND – 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 organization’s facilities in Buford and Winder, Georgia. Mr. Esway will lead the day-to-day operation of both facilities, whic…

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

Conference Call to Be Held 10:00 a.m. ET on Friday, November 5 CLEVELAND – 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…

Olympic Steel Acquires Shaw Stainless & Alloy

Transaction marks Company’s fifth acquisition in past four years CLEVELAND – 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”). The all-cash purchase is immediately accretive. Term…

Olympic Steel Announces Sale of Detroit Assets and Operations

Proceeds will provide additional resources to pursue strategic growth initiatives CLEVELAND – Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the sale of substantially all of the Company’s Detroit assets and operations to Venture Steel Inc. The sale pric…

Olympic Steel Names Brian C. Harkins Vice President – Aluminum

CLEVELAND – 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’ promotion supports the Company’s specialty metals strategic growth efforts. Mr. Harkins will continue to report …
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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 1,626 employees.

  • What is Olympic Steel revenue?

    Latest Olympic Steel annual revenue is $1.2 b.

  • What is Olympic Steel revenue per employee?

    Latest Olympic Steel revenue per employee is $759 k.

  • Who are Olympic Steel competitors?

    Competitors of Olympic Steel include Carpenter Technology, Mueller Industries and Materion.

  • 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, Bettendorf, Buford, Chambersburg and in 11 other locations.

  • How many offices does Olympic Steel have?

    Olympic Steel has 18 offices.