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, it offers metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. 

TypePublic
Founded1954
HQBeachwood, US
Websiteolysteel.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Sept 2019)1,835(-1%)
Job Openings26
Revenue (FY, 2018)$1.7 B(+29%)
Share Price (Dec 2019)$17.5 (+3%)

Key People/Management at Olympic Steel

Michael D. Siegal

Michael D. Siegal

Executive Chairman
Richard Marabito

Richard Marabito

CEO
David Wolfort

David Wolfort

President
Andrew Greiff

Andrew Greiff

COO, EVP
Richard Manson

Richard Manson

CFO
Lisa Christen

Lisa Christen

Treasurer, Corporate Controller
Show more

Olympic Steel Office Locations

Olympic Steel has offices in Beachwood, Ankeny, Bedford, Bedford Heights and in 21 other locations
Beachwood, US (HQ)
22901 Millcreek Blvd #650
Ankeny, US
810 SE 54th St
Bedford, US
5096 Richmond Rd #5080
Bedford Heights, US
5060, 5080, & 5096 Richmond Road
Bedford Heights, US
5092 Richmond Rd
Bettendorf, US
6425 State St
Show all (28)

Olympic Steel Financials and Metrics

Olympic Steel Revenue

Embed Graph
View revenue for all periods
Olympic Steel's revenue was reported to be $1.72 b in FY, 2018 which is a 28.9% increase from the previous period.
USD

Revenue (Q3, 2019)

384.2m

Net income (Q3, 2019)

591.0k

EBIT (Q3, 2019)

3.6m

Market capitalization (6-Dec-2019)

192.5m

Closing stock price (6-Dec-2019)

17.5

Cash (30-Sept-2019)

8.5m

EV

407.1m
Olympic Steel's current market capitalization is $192.5 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

1.1b1.3b1.7b

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, 2019

Revenue

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

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, 2018

Cash

2.3m3.0m9.3m

Accounts Receivable

101.9m132.7m175.3m

Prepaid Expenses

6.2m8.3m9.5m

Inventories

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

4.1m6.3m5.5m5.7m5.3m5.2m9.9m10.0m6.3m

Inventories

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

Net Income

(1.1m)19.0m33.8m

Depreciation and Amortization

19.4m18.6m18.0m

Inventories

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

Accounts Payable

28.6m3.9m2.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

7.7m12.5m14.8m7.6m23.5m35.1m2.1m4.2m4.7m

Depreciation and Amortization

4.8m9.5m13.9m4.4m8.9m13.2m4.9m9.8m14.6m

Inventories

(8.7m)(8.2m)(25.7m)(43.7m)(73.5m)(76.1m)26.4m81.1m86.2m

Accounts Payable

6.8m4.9m178.0k34.0m41.2m36.9m8.9m(24.5m)(12.2m)
USDY, 2019

EV/EBIT

113.7 x

EV/CFO

4.1 x

Revenue/Employee

209.4k

Financial Leverage

2.3 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

Acquired CompanyDateDeal 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.
Show more

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 Online and Social Media Presence

Embed Graph

Olympic Steel News and Updates

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 Michael D. Siegal, Richard Marabito and David Wolfort.

  • How many employees does Olympic Steel have?

    Olympic Steel has 1,835 employees.

  • What is Olympic Steel revenue?

    Latest Olympic Steel annual revenue is $1.7 b.

  • What is Olympic Steel revenue per employee?

    Latest Olympic Steel revenue per employee is $934.6 k.

  • Who are Olympic Steel competitors?

    Competitors of Olympic Steel include Materion, O'Neal Industries and Worthington Industries.

  • 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, Ankeny, Bedford, Bedford Heights and in 21 other locations.

  • How many offices does Olympic Steel have?

    Olympic Steel has 28 offices.