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OLYMPIC STEEL (ZEUS)

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Earnings summaries and quarterly performance for OLYMPIC STEEL.

Recent press releases and 8-K filings for ZEUS.

Ryerson (ZEUS) Reports Q3 2025 Results and Announces Merger with Olympic Steel
ZEUS
Earnings
M&A
Guidance Update
  • Ryerson (ZEUS) reported Q3 2025 net sales of $1.16 billion and a net loss of $14.8 million, or $0.46 per diluted share, with adjusted EBITDA (excluding LIFO) of $40.3 million.
  • For Q4 2025, the company anticipates revenues between $1.07 billion and $1.11 billion, adjusted EBITDA (excluding LIFO) in the range of $33 million to $37 million, and a net loss per share of $0.28 to $0.22.
  • Ryerson (ZEUS) announced an all-stock merger with Olympic Steel, targeting closing in Q1 2026, which will create the second-largest metal service center in North America with over $6.5 billion in combined revenue.
  • The merger is expected to generate $120 million in synergies phased in over two years, with Ryerson shareholders owning 63% and Olympic Steel shareholders 37% of the combined entity.
  • The combined company is projected to have a stronger financial profile, including reduced leverage of approximately 3 times post-close and pro forma adjusted EBITDA margins approaching 6%, with potential for 6% to 8% with market tailwinds.
Oct 29, 2025, 1:00 PM
Olympic Steel Reports Third-Quarter 2025 Results and Announces Merger Agreement
ZEUS
Earnings
M&A
Dividends
  • Olympic Steel reported net income of $2.2 million, or $0.18 per diluted share, on sales totaling $491 million for the third quarter of 2025. This compares to net income of $2.7 million, or $0.23 per diluted share, and sales of $470 million in the third quarter of 2024.
  • Adjusted EBITDA increased to $15.4 million in the third quarter of 2025, up from $13.0 million in the third quarter of 2024.
  • The company has entered into a definitive merger agreement with Ryerson Holding Corporation, under which Olympic Steel will become a wholly owned subsidiary of Ryerson. The transaction is expected to close in the first quarter of 2026.
  • The Board of Directors approved a regular quarterly cash dividend of $0.16 per share, payable on December 15, 2025.
Oct 28, 2025, 8:45 PM