Third-quarter net income for Cleveland-based Olympic Steel, Inc. (Nasdaq: ZEUS) increased to $44.5 million this year, compared with a net loss of $1.5 million, in the third quarter of 2020. Net income represented $3.87 per diluted share, compared $0.13 per diluted share during the same period a year ago. The company reported sales of $668 […]
Category: Olympic Steel
Olympic Steel Names New General Manager
Cleveland-based metal services center Olympic Steel Inc. (NASDAQ: ZEUS) announced that James D. Esway will be the company’s new general manager for facilities in Buford and Winder, Georgia. Esway is expected to lead day-to-day operation at both facilities. David J. Gea will continue to work as Olympic’s vice president for the region, which includes both […]
Olympic Steel Snags Shaw Stainless & Alloy
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS), announced Friday that it has acquired the assets of Shaw Stainless & Alloy. Olympic Steel said the all-cash purchase was immediately accretive. Financial terms of the deal weren’t disclosed. Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. Shaw […]
Olympic Steel Snags Shaw Stainless & Alloy
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS), announced Friday that it has acquired the assets of Shaw Stainless & Alloy. Olympic Steel said the all-cash purchase was immediately accretive. Financial terms of the deal weren’t disclosed. Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. Shaw […]
Olympic Steel Sells-Off Detroit Assets and Operations for $58.4M
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently 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 a future working capital adjustment, which is expected to increase the […]
Olympic Steel Sells Off Detroit Assets and Operations for $58.4M
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently 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 a future working capital adjustment, which is expected to increase the […]
Olympic Steel Names Harkins Vice President – Aluminum
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) announced that Brian C. Harkins has been promoted to vice president – aluminum. Harkins will continue to report to Andy Markowitz, the president of specialty metals. Olympic Steel said Harkins promotion was the result of the company’s specialty metals expansion efforts. “Brian’s extensive knowledge of the aluminum market has […]
