Trade Olympic Steel Inc - ZEUS CFD

Olympic Steel Company profile

About Olympic Steel, Inc.

Olympic Steel, Inc. is a metals service center and metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. Its specialty metals flat products segment focuses on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Its carbon flat products segment focuses on the direct sale and distribution of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Its tubular and pipe products. distribute metal tubing, pipe, bar, valve, and fittings and fabricate pressure parts supplied to various industrial markets. The Company also performs toll processing of customer-owned metals. It sells certain products internationally, primarily in Canada and Mexico.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Olympic Steel, Inc. revenues increased 87% to $2.31B. Net income totaled $121.1M vs. loss of $5.6M. Revenues reflect Carbon flat products segment increase of 95% to $1.34B, Specialty metals flat products segment increase of 87% to $585.8M, Tubular and Pipe Products segment increase of 66% to $382.4M. Net Income reflects Carbon flat products segment income totaling $110.1M vs. loss of $10.3M.

Equity composition

Common Stock no Par, 03/11, 20M auth., 10,900,134 issd., Insiders control 16.73%. IPO 3/94,4M shs @ $15.50 by Salomon Brothers. PO 8/96, 2.5M shs (2.1M by Co.) @ $25 by Salomon Brothers. FY '02 Q's are restated. FY '00 '01 fins. are RES due to discontinued operations.