ZEUS
Olympic Steel, Inc.41.67
+1.24+3.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
466.60MP/E (TTM)
35.62Basic EPS (TTM)
1.17Dividend Yield
0.02%Recent Filings
8-K
Merger with Ryerson closes
Olympic Steel completed its merger with Ryerson on February 13, 2026, becoming a wholly owned subsidiary. Shareholders received 1.7105 Ryerson shares per Olympic share, with Ryerson issuing ~19.5 million shares total. Olympic stock delisted from Nasdaq. Deal closed smoothly; old credit agreement terminated penalty-free.
8-K
Merger approved, closes tomorrow.
Olympic Steel shareholders overwhelmingly approved the merger with Ryerson's subsidiary on February 12, 2026, with 9.2 million for versus just 35,670 against. Closing is set for February 13, expecting ZEUS shares to delist. Shareholders get 1.7105 Ryerson shares per ZEUS share. Integration risks loom large.
8-K
Proxy supplemented amid lawsuits
Olympic Steel supplements its merger proxy with KeyBanc and Houlihan Lokey fairness opinion details, including comps showing Olympic's 8.1x EV/NTM EBITDA vs. peers' 5.9x-8.9x, amid 14 demand letters and 2 NY lawsuits alleging disclosure flaws. Both firms deny merit, adding data to quash claims without admitting deficiency. Shareholder vote looms February 12. Litigation risks linger.
10-Q
Q3 FY2025 results
Olympic Steel posted Q3 net sales up 4.4% y/y to $490.7M, with gross margin expanding to 24.0% from 22.7% as selling prices outpaced inventory costs, yet operating income dipped to $7.3M from $7.8M on higher expenses. YTD sales fell 2.8% y/y to $1.48B while operating income dropped to $26.4M from $38.9M; diluted EPS held steady at $0.18 quarterly and $0.84 YTD, matching 11,763 diluted shares (derived). Cash jumped to $59.5M from operations, less $25.0M capex for $34.5M FCF (derived), with revolver at $240.9M and $312M availability under covenants met. MetalWorks acquisition added November 2024; pending Ryerson merger announced October 28 eyes 37% ownership stake. Merger uncertainty looms large.
8-K
Olympic Steel merges into Ryerson
Olympic Steel signed a merger agreement with Ryerson on October 28, 2025, under which it'll become a wholly owned subsidiary via Merger Sub. Shareholders get 1.7105 Ryerson shares per Olympic share at closing. Boards unanimously back it; needs majority votes, HSR clearance, no financing hitch. Deal expires April 28, 2026, with $15M reverse break fees.
ASTL
Algoma Steel Group Inc.
4.46+0.06
CLF
Cleveland-Cliffs Inc.
12.92+0.17
CMC
Commercial Metals Company
71.02-0.25
MT
Arcelor Mittal NY Registry Shar
45.72-0.44
MTUS
Metallus Inc.
18.34+0.18
NUE
Nucor Corporation
162.26+0.24
OUTFF
OUTOKUMPU OYJ
4.88+0.00
RS
Reliance, Inc.
294.42+2.54
STLD
Steel Dynamics, Inc.
169.13+0.18
WS
Worthington Steel, Inc.
35.46+0.01