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Last $13.17 USD
Change Today -0.28 / -2.08%
Volume 55.6K
ZEUS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

olympic steel inc (ZEUS) Snapshot

Open
$13.42
Previous Close
$13.45
Day High
$13.42
Day Low
$13.05
52 Week High
04/4/14 - $29.58
52 Week Low
03/16/15 - $12.86
Market Cap
144.8M
Average Volume 10 Days
68.5K
EPS TTM
$-0.32
Shares Outstanding
11.0M
EX-Date
02/26/15
P/E TM
--
Dividend
$0.08
Dividend Yield
0.61%
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 in the United States, Canada, Puerto Rico, Mexico, and internationally. It operates in two segments, Flat Products, and Tubular and Pipe Products. The Flat Products segment distributes processed carbon, coated, aluminum and stainless steel, flat-rolled coil, sheet, and plate products. The Tubular and Pipe Products segment distributes metal tubing, pipe, bar, valves, and fittings; and fabricates pressure parts to various industrial markets. The company also provides various processing services comprising cutting-to-length, slitting, flattening, 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.

1,810 Employees
Last Reported Date: 02/26/15
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
Total Annual Compensation: $450.0K
Director, Chief Executive Officer of Chicago ...
Total Annual Compensation: $575.0K
Vice President and Treasurer
Total Annual Compensation: $212.3K
Compensation as of Fiscal Year 2014.

olympic steel inc (ZEUS) Key Developments

Olympic Steel Names Sean Heenan General Manager of Winder Operation

Olympic Steel Inc. announced that Sean Heenan has been named General Manager of the company's operation in Winder, GA, effective April 1, 2015. Mr. Heenan, 44, began his steel industry career in 1994 as Management Associate at United States Steel Corporation. He quickly progressed to the position of outside Sales Representative before joining Olympic Steel in 1999 as e-Commerce Manager. In 2001, Mr. Heenan was hired by IPSCO Steel (later acquired by SSAB) where he served as Sales Manager. Heenan returned to Olympic Steel in 2007 and held the position of Regional Sales Manager until being promoted in 2010 to his most-recent position as General Manager of the Company's Schaumburg, Illinois, facility. In his new role, he will report to John Brieck, Vice President - Southern Region.

Olympic Steel Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2014

Olympic Steel Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss of $26.891 million, or $2.42 per diluted share, compared with a net loss of $1.381 million, or $0.12 per diluted share in the fourth quarter of 2013. Net sales were $326.693 million against $290.473 million a year ago. Operating loss was $26.662 million against $0.125 million a year ago. Loss before interest and income taxes was $26.766 million against $0.135 million a year ago. Loss before income taxes was $28.412 million against $1.783 million a year ago. Total capital expenditures were $0.620 million against $3.470 million a year ago. The revenue growth was due to higher sales volume. For the 2014 full year, including the goodwill impairment charge, the reported net loss was $19.1 million, or $1.71 per share. This compares with net income of $7.6 million, or $0.69 per diluted share in 2013, which benefited from $3.6 million of LIFO income ($0.19 per diluted share, net of tax) associated with the tubular and pipe products segment. Net sales were $1,436.270 million against $1,263.331 million a year ago. Operating loss was $9.208 million against operating income of $19.655 million a year ago. Loss before interest and income taxes was $9.334 million against income before interest and income taxes of $19.627 million a year ago. Loss before income taxes was $16.114 million against income before income taxes of $12.924 million a year ago. Net cash used in operating activities was $39.584 million against net cash from operating activities of $54.681 million a year ago. Total capital expenditures were $7.834 million against $16.098 million a year ago. The revenue growth was due to higher sales volume. The company announced goodwill impairment of $23,836,000 for the fourth quarter ended December 31, 2014.

Olympic Steel Inc. Declares Quarterly Cash Dividend, Payable on March 16, 2015

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 16, 2015, to shareholders of record on March 2, 2015.

 

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Industry Analysis

ZEUS

Industry Average

Valuation ZEUS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.5x
Price/Cash Flow 84.4x
TEV/Sales NM Not Meaningful
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