RYI: Merger with Olympic Steel and expanded credit facility set stage for growth amid margin recovery
Ryerson Holding Corporation (RYI) reported that its fourth-quarter revenue met guidance despite margin compression and a net loss. The company's merger with Olympic Steel and an expanded credit facility are expected to position it for future growth. While full-year sales were flat, Adjusted EBITDA improved year-over-year, and the Q1 2026 outlook anticipates higher revenue and margin recovery.
Ryerson (RYI) Posts -$0.46 EPS, Misses Estimates by 560% as Olympic Steel Merger Announced
Ryerson Holding Corp (RYI) reported a Q4 EPS of -$0.46, significantly missing estimates by 560%, and announced a merger with Olympic Steel to counter margin compression and declining volumes. Despite revenue growth, the stock fell, reflecting investor concerns over profitability issues highlighted by a negative profit margin and net income. Management expects further volume softening but anticipates a positive cash flow from working capital release.
Bridgeport man arrested in theft of 26 tons of aluminum in Milford, police say
A Bridgeport man has been arrested in connection with the theft of 26 tons of aluminum from Olympic Steel in Milford. Ramon Penalo-Villar turned himself in to police on charges including third-degree burglary and first-degree larceny, with his bond set at $150,000. Another suspect, Eddy Ramirez, was previously arrested last month for the same theft.
Bridgeport man accused of stealing 26 tons of aluminum
A Bridgeport man, Ramon Penali-Villar, has been accused of stealing 26 tons of aluminum from Olympic Steel Company. He turned himself in after allegedly committing the theft in November with Eddy Ramirez, who was arrested in January. Authorities successfully recovered all of the stolen aluminum.
Ryerson Completes Merger With U.S. Metals Service Center Olympic Steel
Ryerson Holding has completed its merger with Olympic Steel, creating a combined entity that strengthens Ryerson's position as the second-largest metals service center in North America. The merger is expected to generate approximately $120 million in annual synergies by early 2028 and will trade on the NYSE under the symbol "RYZ" starting February 24. Key leadership roles have been announced, including former Olympic Steel CEO Richard T. Marabito becoming President and COO of Ryerson, and Michael D. Siegal chairing the Ryerson Board.
Ryerson Closes Olympic Steel Merger and Expands Credit Facility
Ryerson Holdings has finalized its merger with Olympic Steel, expanding its credit facility to $1.8 billion and solidifying its position as the second-largest North American metals service center. The combined company will operate as Ryerson Holding Corporation, changing its NYSE ticker to "RYZ" and aiming for operational efficiencies as well as broader product offerings. Leadership has been reorganized with Ryerson CEO Eddie Lehner remaining CEO and former Olympic CEO Richard T. Marabito becoming President and COO.
Ryerson and Olympic Steel complete merger to form second-largest metals service center
Ryerson Holding Corporation and Olympic Steel have completed their merger, creating the second-largest North American metals service center. The combined company will trade under the ticker "RYZ" starting February 24th and expects to generate approximately $120 million in annual synergies by early 2028. Eddie Lehner remains CEO, while former Olympic Steel CEO Richard T. Marabito becomes President and COO.
Olympic Steel Terminates Credit Agreement With Bank of America
Olympic Steel (ZEUS) has terminated its credit agreement with Bank of America in connection with its merger with Ryerson, repaying all outstanding principal, interest, and fees without penalty. The company believes this early termination, which occurred on February 13, 2026, will streamline its capital structure under Ryerson. The original agreement was dated December 8, 2017.
Olympic Steel Announced Transfer or Voluntary Withdrawal of Listing
Olympic Steel (ZEUS) announced on February 13, 2026, its request to Nasdaq for the suspension of trading and withdrawal of its listing following a merger. The company also intends to file a Form 25 to delist its common stock and a Form 15 to suspend SEC reporting obligations. This action was taken in connection with the consummation of its merger.
Ryerson and Olympic Steel Announce Successful Closing of Merger
Ryerson Holding Corporation and Olympic Steel, Inc. have announced the successful closing of their merger, creating an enhanced presence for Ryerson as the second-largest North American metals service center. The combined entity anticipates generating approximately $120 million in annual synergies by early 2028 through various operational improvements. Following the merger, former Olympic Steel CEO Richard T. Marabito will serve as Ryerson's President and Chief Operating Officer, and the combined company will trade on the NYSE as "RYZ" starting February 24th.
Shareholders OK Ryerson, Olympic deal
Shareholders of Ryerson Holding Corp. and Olympic Steel have approved their proposed merger and the issuance of Ryerson stock. This deal, expected to close on Friday, February 13, will create the second-largest metals service center in North America with over $6.5 billion in annual revenue. Following the merger, Ryerson CEO Eddie Lehner will retain his position, while Olympic's CEO, Rick Marabito, will become president and COO.
Olympic promotes Grussing to VP of fabrication
Olympic Steel has appointed Matthew Grussing as vice president – fabrication. Grussing, who joined the company in 2010, will now be responsible for the fabrication strategy across Olympic's operations. This promotion aims to strengthen Olympic Steel's focus on high-margin, value-added fabrication to ensure more stable performance across market cycles.
Ryerson Holding Corporation Stockholders and Olympic Steel, Inc. Shareholders Approve Proposals Related to Pending Transaction
Ryerson Holding Corporation and Olympic Steel, Inc. announced that their respective stockholders and shareholders have approved the merger and the related issuance of Ryerson stock. The merger is expected to close on February 13, 2026, after which Olympic Steel shares will cease trading and will no longer be listed on NASDAQ. Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each share of Olympic Steel common stock.
Olympic Steel Names Matthew Grussing Vice President of Fabrication
Olympic Steel Inc. has appointed Matthew Grussing as Vice President of Fabrication, where he will oversee the company's fabrication strategy, commercial presence, operational standardization, and technology adoption. Grussing, who joined Olympic Steel in 2010, has held several senior commercial roles, most recently Director – Fabrication. This appointment is expected to drive the company's growth in higher-margin, value-added fabrication and manufacturing, contributing to more stable performance.
Olympic Steel promotes Matthew Grussing to VP of fabrication
Olympic Steel Inc. has announced the promotion of Matthew Grussing to Vice President of Fabrication. In his new role, Grussing will be responsible for overseeing the company's fabrication strategy, enhancing its commercial presence, standardizing operations, and implementing new technologies. Grussing has been with Olympic Steel since 2010, holding various senior commercial positions.
Olympic Steel provides supplemental merger disclosures amid shareholder actions By Investing.com
Olympic Steel (NASDAQ:ZEUS) has issued supplemental disclosures for its merger with Ryerson Holding Corporation following shareholder demand letters and lawsuits questioning prior disclosures. The company asserts these claims are without merit but is providing additional information voluntarily to avoid litigation and delays. The supplemental disclosures include detailed financial analyses and analyst price targets, and shareholders are scheduled to vote on the merger on February 12, 2026.
Olympic Steel provides supplemental merger disclosures amid shareholder actions By Investing.com
Olympic Steel Inc. has issued supplemental disclosures for its pending merger with Ryerson Holding Corporation after receiving shareholder demand letters and lawsuits questioning previous disclosures. Both companies deny the allegations but are providing additional information voluntarily to avoid litigation and potential merger delays. The supplemental disclosures include expanded financial analyses and shareholders are set to vote on the merger on February 12, 2026.
Olympic Steel provides supplemental merger disclosures amid shareholder actions
Olympic Steel Inc. has issued supplemental disclosures concerning its merger with Ryerson Holding Corporation after receiving shareholder demand letters and lawsuits questioning prior disclosures. Both companies deny the allegations of inadequate disclosures but are providing additional information voluntarily to prevent litigation and merger delays. Shareholders are set to vote on the merger on February 12, 2026.
Olympic Steel Inc - Two Complaints Filed In NY Supreme Court Against Olympic Steel
Two complaints have been filed against Olympic Steel Inc. in the New York Supreme Court. The article, sourced from Reuters, provides no further details on the nature of these complaints.
Olympic Steel and Ryerson Merger Developments
Olympic Steel (ZEUS) announced updates regarding its merger with Ryerson Holding Corporation, where Olympic Steel will become a wholly-owned subsidiary of Ryerson. Shareholder actions have challenged the adequacy of merger disclosures, which both companies deny but plan to address with supplemental disclosures. A special shareholder meeting is scheduled for February 12, 2026, to vote on the merger.
Short Interest in Olympic Steel, Inc. (NASDAQ:ZEUS) Declines By 20.5%
Short interest in Olympic Steel, Inc. (NASDAQ:ZEUS) decreased by 20.5% as of January 15th, totaling 277,644 shares, which represents about 2.9% of the stock. Following this, Weiss Ratings upgraded ZEUS from a "sell" to a "hold" rating. Additionally, the company's COO sold 4,500 shares in December, though insiders collectively own 13.8% and institutions own 87.07% of the stock.
(ZEUS) Price Dynamics and Execution-Aware Positioning
This article provides an in-depth stock analysis for Olympic Steel Inc. (NASDAQ: ZEUS), highlighting strong sentiment across all horizons supporting an overweight bias. It outlines three AI-generated institutional trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—with specific entry, target, and stop loss points. The analysis also includes multi-timeframe signal analysis, identifying support and resistance levels for near-term, mid-term, and long-term horizons.
Olympic Steel Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Olympic Steel, Inc. - ZEUS
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Olympic Steel, Inc. (NasdaqGS: ZEUS) to Ryerson Holding Corporation (NYSE: RYI). KSF is concerned the transaction, where Olympic Steel shareholders receive 1.7105 Ryerson shares per Olympic Steel share, may undervalue Olympic Steel. The firm is inviting shareholders to contact them to discuss their legal rights regarding the proposed sale.
(ZEUS) as a Liquidity Pulse for Institutional Tactics
This article provides an AI-driven analysis of Olympic Steel Inc. (NASDAQ: ZEUS), highlighting strong sentiment across all horizons but also elevated downside risk. It outlines three distinct institutional trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—with specific entry, target, and stop-loss levels. The piece also details multi-timeframe signal analysis, including support and resistance levels, to assist institutional investors.
Olympic Steel (NASDAQ:ZEUS) Hits New 1-Year High - Here's What Happened
Olympic Steel (NASDAQ:ZEUS) recently achieved a new 52-week high, trading at $45.49, despite reporting mixed quarterly results with EPS missing estimates while revenue surpassed expectations. The company maintains a "Hold" consensus rating from analysts with a $38 price target, and pays a quarterly dividend of $0.16. Insider activity showed the COO selling 4,500 shares, while institutional ownership stands high at 87.07%.
Olympic Steel president and COO Greiff sells $280k in stock
Andrew S. Greiff, President and COO of Olympic Steel Inc (NASDAQ:ZEUS), sold a total of 7,500 shares of common stock across two transactions for a total of $280,290. These sales occurred on September 10, 2025, and December 8, 2025, reducing his direct ownership to 12,018 shares. This insider trading news follows the company's Q3 2025 earnings, which exceeded analyst expectations despite a subsequent decline in stock price.
Olympic Steel president and COO Greiff sells $280k in stock
Andrew S. Greiff, President and COO of Olympic Steel Inc (NASDAQ:ZEUS), sold a total of 7,500 shares of common stock across two transactions, totaling $280,290. The sales occurred on September 10, 2025, and December 8, 2025, reducing his direct ownership to 12,018 shares. Despite these insider sales, Olympic Steel reported strong Q3 2025 earnings, exceeding analyst expectations for both EPS and revenue.
Top Olympic Steel Executive Quietly Unloads a Chunk of Company Shares
Olympic Steel's President and COO, Andrew S. Greiff, sold 7,500 shares of the company's stock for $280,290 on December 31, 2025. This insider activity comes amid significant corporate events for Olympic Steel, including a definitive merger agreement with Ryerson Holding. TipRanks' AI Analyst, Spark, rates ZEUS as Neutral, citing stable financials but potential overvaluation and overbought technical conditions.
Olympic Steel president and COO Greiff sells $280k in stock By Investing.com
Andrew S. Greiff, President and COO of Olympic Steel Inc (NASDAQ:ZEUS), sold a total of 7,500 shares of common stock across two transactions for approximately $280,290. These sales occurred on September 10, 2025, and December 8, 2025, leaving him with 12,018 shares directly owned. This news follows Olympic Steel's strong Q3 2025 earnings, which beat analyst expectations for both EPS and revenue, though the stock declined in aftermarket trading.
Olympic Steel Insider Sold Shares Worth $280,290, According to a Recent SEC Filing
An insider at Olympic Steel (ZEUS) reportedly sold shares valued at $280,290, as detailed in a recent SEC filing. The company is a metals service center providing processing and distribution services for various metals. This transaction was disclosed on December 31, 2025, according to an MT Newswires report.
Presidente e COO da Olympic Steel, Greiff, vende US$ 280 mil em ações
Andrew S. Greiff, Presidente e COO da Olympic Steel Inc (NASDAQ:ZEUS), vendeu um total de 7.500 ações ordinárias em duas transações separadas, totalizando US$ 280.290. As vendas ocorreram em 10 de setembro de 2025 e 8 de dezembro de 2025. Esses desenvolvimentos fornecem aos investidores informações importantes sobre as atividades financeiras recentes da Olympic Steel, apesar de um relatório positivo de ganhos no terceiro trimestre de 2025.
Insider Buying: Peter Scott Acquires Shares of Olympic Steel Inc (ZEUS)
Peter Scott, a Director at Olympic Steel Inc (ZEUS), recently purchased 5,030 shares of the company, bringing his total ownership to 5,030 shares. This transaction signals a positive insider buying trend for the company, as there have been no insider sells in the past year. Despite the stock trading at $39.89, suggesting it is modestly overvalued according to its GF Value of $36.08, the insider activity could indicate confidence in future performance.
Toys for Tots on Thursday, Dec. 4 at 10 p.m.
KARE 11 announced a Toys for Tots event scheduled for Thursday, December 4th, at 10 p.m. The event, supported by Olympic Steel, Inc. and Trinity Exteriors, aims to collect toys for children in need. Viewers are encouraged to download the KARE 11 app to stream the event on their phones.
Ryerson and Olympic Steel announce merger agreement
Ryerson Holding Corp. and Olympic Steel Inc. have announced a definitive agreement to merge. The combined company will see Michael D. Siegal as chairman of the board, Eddie Lehner as CEO, and Richard T. Marabito as president/COO. This merger brings together two significant players in the industrial metals processing and distribution sector.
Olympic Steel Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Olympic Steel, Inc. - ZEUS
Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., is investigating the proposed sale of Olympic Steel, Inc. (NasdaqGS: ZEUS) to Ryerson Holding Corporation (NYSE: RYI). The firm is assessing whether the consideration of 1.7105 Ryerson shares per Olympic Steel share adequately values the company and is encouraging affected shareholders to contact them to discuss their legal rights. This investigation focuses on ensuring fair value and process for Olympic Steel shareholders.
Olympic Steel Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Olympic Steel, Inc. - ZEUS
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Olympic Steel, Inc. (NasdaqGS: ZEUS) to Ryerson Holding Corporation (NYSE: RYI). The investigation aims to determine if the offered consideration of 1.7105 Ryerson shares per Olympic Steel share adequately values the company and if the sales process was fair. Shareholders believing the transaction undervalues Olympic Steel are encouraged to contact KSF.
Shareholder Alert: The Ademi Firm investigates whether Olympic Steel Inc. is obtaining a Fair Price for its Public Shareholders
The Ademi Firm is investigating Olympic Steel (NASDAQ: ZEUS) for potential breaches of fiduciary duty and other legal violations related to its transaction with Ryerson. Shareholders of Olympic Steel are set to receive 1.7105 Ryerson shares for each of their Olympic Steel shares, resulting in approximately 37% ownership of the merged entity. The investigation focuses on whether the Olympic Steel board of directors upheld their fiduciary duties to all shareholders, especially given the significant penalty for accepting a competing bid.
Ryerson and Olympic Steel Announce Merger Agreement
Ryerson Holding Corporation and Olympic Steel, Inc. have announced a definitive merger agreement to create the second-largest North American metals service center. The transaction is expected to generate $120 million in annual synergies and be immediately accretive to shareholders. The deal is anticipated to close in the first quarter of 2026, pending regulatory and shareholder approvals.
Olympic Steel Reports Third-Quarter 2025 Results
Olympic Steel, Inc. released its third-quarter 2025 financial results, reporting a net income of $2.2 million and sales of $491 million, a 4.5% increase year-over-year. The company also announced a definitive merger agreement with Ryerson Holding Corporation, anticipated to close in the first quarter of 2026. CEO Richard T. Marabito highlighted strong performance in the Specialty Metals Segment, emphasizing the company's diversified business model and focus on higher-margin opportunities despite economic uncertainties.
Olympic Steel Welcomes Larry N. Norred, Jr. as General Manager for Its Georgia Operations
Olympic Steel Inc. has announced the appointment of Larry N. Norred, Jr. as the General Manager for its Buford and Winder facilities in Georgia. Norred brings over 30 years of leadership experience in the steel industry, including previous roles at KGS Steel, Inc., Service Steel and Pipe, Inc., and Astralloy Steel Products, Inc. He will oversee daily operations, commercial strategy, and overall performance, reporting to David J. Gea, President – Carbon Flat Rolled.
Olympic Steel, Inc.'s (NASDAQ:ZEUS) Share Price Matching Investor Opinion
Olympic Steel, Inc. (NASDAQ:ZEUS) currently has a P/E ratio of 21.2x, which is higher than nearly half of U.S. companies, despite its recent decline in earnings. Analysts, however, anticipate a 31% increase in EPS for the coming year, significantly outperforming the broader market's 15% forecast. This optimistic outlook for future earnings growth appears to be a key factor supporting its current P/E ratio, suggesting investors believe the company's past poor performance will reverse.
Olympic Steel, Inc. (NASDAQ:ZEUS) is a favorite amongst institutional investors who own 75%
Institutional investors own 75% of Olympic Steel, Inc. (NASDAQ:ZEUS), indicating significant confidence in the company. The top 12 shareholders collectively control 51% of the company, with insiders holding a 12% stake. This high institutional ownership suggests that the stock price is sensitive to their trading actions and points to a degree of credibility in the investment community.
Olympic Steel Appoints Joseph L. Casey Director – Manufactured Metal Products
Olympic Steel Inc. announced the promotion of Joseph L. Casey to Director – Manufactured Metal Products, a new role overseeing the Company’s McCullough Industries and MetalWorks brands. Mr. Casey previously led McCullough Industries to significant growth, and in his new position, he will drive strategic growth, operational excellence, and product innovation for both brands. He is recognized for his commitment to safety, core values, continuous improvement, and hard work.
Steel tariff expansion to benefit Pittsburgh manufacturers, boost Cleveland-Cliffs’ Butler plant
The U.S. Commerce Department has expanded steel tariffs to include hundreds of steel derivatives, a move expected to benefit domestic manufacturers, particularly in the Pittsburgh region. This expansion adds a 50% tariff to parts made with imported steel or aluminum, closing a loophole that manufacturers like Cleveland-Cliffs Inc. said was harming their business and national security. Cleveland-Cliffs CEO Lourenco Goncalves thanked President Trump and Commerce Secretary Lutnick, stating these protections would support continued investment in their Butler Works and other plants.
Olympic Steel Names Vincent Anza General Manager
Olympic Steel Inc. announced the promotion of Vincent Anza to General Manager of its Milford, Connecticut facility. Anza, who joined the company in 2024, will oversee daily operations and budgetary responsibilities for the facility. He replaces James D. Post, who is set to retire at the end of the year.
Discover how Olympic Steel’s commitment to community and safety shape its operations
Olympic Steel, a metals distributor and manufacturer founded in 1954, has significantly expanded its operations to include extensive processing and fabrication services. President Zachary Siegal highlights the company's growth strategy through acquisitions, focusing on profitable businesses with aligned cultures. He emphasizes Olympic Steel's core values of safety, integrity, respect, teamwork, and community involvement, which are integrated into both operational practices and acquisition criteria.
Trump’s 50% Metal Tariffs Increase Steel, Aluminum Costs for HVAC Manufacturers
Former President Trump has doubled Section 232 tariffs on imported steel and aluminum to 50%, significantly increasing costs for American manufacturers, especially in the HVAC sector. This move has caused aluminum and steel prices to surge and is leading to widespread economic uncertainty, delaying capital expenditures, and raising concerns about domestic supply limitations and the impact on the construction industry. Manufacturers and unions are pressing for policy alternatives that would support domestic production without imposing such burdens, while international bodies issue warnings about global economic instability.
Olympic Steel Appoints Peter J. Scott To Board
Olympic Steel has announced the appointment of Peter J. Scott to its Board of Directors, succeeding Michael G. Rippey who retired after 10 years. Scott, founder and Managing Partner of Headwall Partners, brings extensive experience in the metals and finance industries, which the company believes will be valuable for its future growth and shareholder value. Executive Chairman Michael D. Siegal expressed gratitude to Rippey for his service to the company.
Olympic Steel Announces Opening of New Facility in Houston, Texas, to Support Action Stainless Business
Olympic Steel Inc. announced the opening of a new 105,000-square-foot facility in Houston, Texas, for its Action Stainless business, increasing its footprint by 73,000 square feet. This expansion allows for increased fabrication capabilities and supports the strategic growth of its specialty metals business segment. Action Stainless, a full-line distributor of stainless steel, aluminum, and specialty alloy products, aims to better serve customers' value-added and precision fabrication needs.
Olympic Steel acquires Metal-Fab in $131 million deal
Olympic Steel Inc. (Nasdaq: ZEUS) has acquired Wichita, Kansas-based Metal-Fab Inc. for $131 million, a move expected to be immediately accretive and diversify Olympic Steel's offerings. This acquisition is the sixth in five years for Olympic Steel, which also increased its revolving credit facility to continue its diversification strategy.
