Strong Adjusted EBITDA Growth
Adjusted EBITDA increased by 26% compared to the first quarter of 2025, showcasing the effectiveness of the company's strategy and operational discipline.
Successful Integration of MetalWorks Acquisition
The integration of the MetalWorks acquisition has gone seamlessly and has been accretive to earnings, contributing positively to the company's financial performance.
Improved Margins in Flat-Rolled Products
Margins for flat-rolled products improved significantly, contributing to the overall financial success in the second quarter despite a challenging market.
Decisive Capital Expenditure Plans
The company has a robust 2025 CapEx plan of $35 million focused on organic growth opportunities, including new processing and automation equipment.
Strong Financial Position
Olympic Steel has a strong balance sheet with more than $300 million of borrowing availability, facilitating further acquisitions and investments.