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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Olympic Steel, Inc.
Type
Public company
Traded as NASDAQ: ZEUS
S&P 600 Component
Industry Steel Processing
Fabrication
Founded 1954; 63 years ago (1954)
Founder Sol and Morris Siegal
and Sam Siegal
Headquarters Cleveland, Ohio
Key people
Michael Siegal (CEO, Chairman)
David Wolfort (President)
Rick Marabito (CFO)
Products Flat-rolled steel
Fabricated Parts
Revenue Decrease $670 million (2016)
Operating income
Increase -$4 million (2016)
Net income
Increase -$1 million (2016)
Total assets Increase $556 million (2016)
Total equity Decrease $253 million (2016)
Number of employees
1,660 (2016)
Website www.olysteel.com

Olympic Steel, Inc. is a steel processor based in Cleveland, Ohio.

The company engages in the processing and distribution of processed carbon, coated and stainless flat-rolled sheet, and coil and plate steel products primarily in the United States. The company owns 17 facilities throughout the eastern-half of the United States and 1 in Mexico.

Its services include cutting-to-length, slitting, and shearing. It also offers value-added processes such as blanking, tempering, plate burning, precision machining, welding, and fabricating and painting to process steel to specified lengths, widths, and shapes. It also owns two subsidiaries, Chicago Tube and Iron and Integrity Stainless.

Olympic Steel was founded in 1954 by brothers Sol and Morris Siegal and Sam Sigel. Initially, it was a metals trading company and owned no facilities.

In 1956, it opened an 11,000-square-foot (1,000 m) facility in Bedford Heights, Ohio. By 1966, the facility had grown to 35,000 square feet (3,300 m). The company offered multiple flat-rolled steel products, including coil and plate products.

In 1975, Michael Siegal, son of Sol Siegal, joined the company. The next year, the facility was again expanded to 56,000 square feet (5,200 m). By 1985, the company had founded a Southern sales office in Georgia and another office in Pennsylvania. Michael Siegal bought out his father's share of the company in 1984 and David Wolfort joined the company as General Manager.

In 1987, Olympic acquired Viking Steel Company, based in Elk Grove Village, Illinois.

In 1988, the Philadelphia Division was formed by moving the Eastern sales office to a full warehouse facility in Lester, Pennsylvania.

In 1989, the Southern Division moved to Greenville, South Carolina, consolidating several sales offices in the region and Olympic Steel Trading was formed to sell steel in Puerto Rico and Mexico.

In the early 1990s, Olympic expanded further by purchasing Eastern Steel in Milford, Connecticut, Juster Steel of Minneapolis, Minnesota, and Lafayette Steel & Processing in Detroit, Michigan.

In 1994, the company offered 4,000,000 shares in an IPO. In 1996, it offered 2,500,000 more shares.

In 1997, the company acquired Southeastern Metal Processing for $11.5 million in cash and the assumption of $5.8 million in liabilities.

In 1997, the company broke-ground on its second temper mill at a new facility in Bettendorf, Iowa.

In 1998, Olympic entered the machining business by purchasing the assets of JNT Machining and opening a new facility in Chambersburg, Pennsylvania.

In 2006, it purchased the Siler City, North Carolina-based Tinsley Group.

In 2008, it announced new fabrication facilities to be built in Dover, Ohio and Sumter, South Carolina.

In 2013, the founder, Sol Siegal, died.

In 2017, the company shut its plant in Chatham County, North Carolina, which resulted in 51 layoffs.

Investment goal date:
Dividends reinvested
Olympic Steel, Inc. ZEUS report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-02-28
--
--
Q4 2017
2018-02-27
--
--
Q3 2017
2017-11-08
--
--
Q3 2017
2017-11-08
0.2200
0.2000
Q2 2017
2017-08-03
0.4700
0.4200
Q1 2017
2017-04-28
0.5500
0.6800
Q4 2016
2017-03-02
-0.1900
-0.1900
Q3 2016
2016-11-03
-0.0600
-0.1600
Q2 2016
2016-08-02
0.3800
0.3200
Q1 2016
2016-04-29
-0.0700
-0.0700
Q4 2015
2016-02-25
-0.4000
-0.4500
Q3 2015
2015-11-05
-0.0500
-0.0500
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ACADIAN ASSET MANAGEMENT LLC
345034
Bank of New York Mellon Corp
144755
BlackRock Fund Advisors
769171
BlackRock Inc.
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BlackRock Institutional Trust Company, N.A.
229971
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181400
DIMENSIONAL FUND ADVISORS LP
926074
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224290
FRANKLIN RESOURCES INC
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JPMORGAN CHASE & CO
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NORTHERN TRUST CORP
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166400
STATE STREET CORP
221948
Vanguard Group, Inc
487212
Major Shareholders
Name Relationship
Total Shares
Holding stocks
SIEGAL MICHAEL D
11.0600% (1214727)
CLF / ZEUS /
MANSON RICHARD A
0.0900% (9697)
ZEUS /
WOLFORT DAVID A
3.7400% (410820)
ZEUS /
MEATHE JAMES
0.1100% (12200)
ZEUS /
MARABITO RICHARD T
0.2800% (30614)
ZEUS /
Della Ratta Ralph M Jr
0.1200% (12795)
TCPI / ZEUS /
Anton Arthur F
0.2200% (23778)
SHW / ZEUS /
Potash Esther
0.0700% (7139)
ZEUS /
Kempthorne Dirk A
0.0100% (1000)
FMC / ZEUS /
McNeeley Donald R. Jr.
1.2700% (139507)
ZEUS /
Rippey Michael G
0.1300% (13800)
ZEUS /
% ()