Last $26.89 USD
Change Today -0.30 / -1.10%
Volume 31.3K
As of 4:30 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

olympic steel inc (ZEUS) Snapshot

Open
$27.39
Previous Close
$27.19
Day High
$27.54
Day Low
$26.56
52 Week High
10/21/13 - $31.68
52 Week Low
05/1/13 - $19.54
Market Cap
295.0M
Average Volume 10 Days
24.6K
EPS TTM
$0.70
Shares Outstanding
11.0M
EX-Date
02/27/14
P/E TM
38.4x
Dividend
$0.08
Dividend Yield
0.30%
Current Stock Chart for OLYMPIC STEEL INC (ZEUS)

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olympic steel inc (ZEUS) Details

Olympic Steel, Inc. processes and distributes metal products primarily in the United States, Canada, Puerto Rico, and Mexico. It operates in two segments, Flat Products, and Tubular and Pipe Products. The Flat Products segment distributes processed carbon, coated, aluminum and stainless flat-rolled sheet, coil, and plate products. The Tubular and Pipe Products segment distributes metal tubing, pipe, bar, valves, and fittings and fabricate pressure parts to various industrial markets. The company also provides various processing services comprising cutting-to-length, slitting, sawing, and shearing; and value-added processes of blanking, tempering, plate burning, laser cutting, precision machining, welding, fabricating, bending, polishing, kitting, and painting to process metals to specified lengths, widths, and shapes. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling equipment, construction, mining and farm equipment, storage tanks, environmental and energy generation equipment, automobiles, food service and electrical equipment, and military vehicles and equipment, as well as general and plate fabricators and metals service centers through direct sales force. Olympic Steel, Inc. was founded in 1954 and is headquartered in Bedford Heights, Ohio.

1,790 Employees
Last Reported Date: 02/27/14
Founded in 1954

olympic steel inc (ZEUS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $750.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $700.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $450.0K
Director, Chief Executive Officer of Chicago ...
Total Annual Compensation: $575.0K
Vice President and Treasurer
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

olympic steel inc (ZEUS) Key Developments

Olympic Steel Inc. Announces Executive Promotions

Olympic Steel Inc. announced the promotion of Stephen Reyes to Vice President, Sales and Marketing-Flat Rolled. Additionally, Thomas Ehlers has been promoted to General Manager of the company's Minneapolis operations, which includes oversight of the Moses Lake, WA, satellite operation. Mr. Reyes joined the company in 1999, as Sales Manager before assuming his most recent role as General Manager - Minneapolis. In his new role, Mr. Reyes will be responsible for the planning and execution of Olympic Steel's flat-rolled sales and marketing strategies on a company-wide basis. He will remain based in Minneapolis and will report to Raymond G. Walker, President and Chief Operating Officer -Flat Rolled. Ehlers began as an Outside Sales Representative before being promoted to Division Sales Manager and most recently served as Regional Sales Manager.

Olympic Steel Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2013

Olympic Steel Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended Dec. 31, 2013. For the quarter, the company net loss of $1.4 million, or $0.12 per diluted share, compared with a net loss of $10.1 million, or $0.92 per diluted share in the fourth quarter of 2012. Net sales were $290.473 million against $291.724 million a year ago. Operating loss was $0.125 million against $8.182 million a year ago. Loss before interest and income taxes was $0.135 million against $8.225 million a year ago. Loss before income taxes was $1.783 million against $10.171 million a year ago. Total capital expenditures were $3.470 million against $3.086 million a year ago. For the year, the company reported net income of $7.6 million, or $0.69 per diluted share compared with $2.3 million, or $0.21 per diluted share last year. Results reported for 2013 included $3.6 million of LIFO income associated with the tubular and pipe products segment. This was comprised of the previously disclosed $1.9 million out-of-period adjustment recorded in the first quarter of 2013 to recognize 2012 inventory valuation changes, and an additional $1.7 million related to valuation changes in 2013. Net Sales were $1,263.331 million against $1,383.701 Operating income 19.655 million against $18.449 million a year ago. Income before interest and income taxes was $19.627 million against $18.496 million a year ago. Income before income taxes was $12.924 million against $10.139 million a year ago. Net cash from operating activities was $54.681 million against $27.741 million a year ago. Total capital expenditures were $16.098 million against $23.373 million a year ago.

Olympic Steel Approves Quarterly Cash Dividend Payable on March 17, 2014

Olympic Steel Inc. announced the company's Board of Directors approved a regular quarterly cash dividend of $0.02 per share. The dividend is payable on March 17, 2014, to shareholders of record on March 3, 2014.

 

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Industry Analysis

ZEUS

Industry Average

Valuation ZEUS Industry Range
Price/Earnings 39.4x
Price/Sales 0.2x
Price/Book 1.0x
Price/Cash Flow 10.0x
TEV/Sales 0.1x
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