Strong Financial Performance
Olympic Steel reported sales of $496 million and net income of $5.2 million for the second quarter of 2025. Adjusted EBITDA increased by 26% compared to the first quarter.
Successful Diversification Strategy
Olympic Steel's efforts to diversify into higher-value metal-intensive products and expand fabricating capabilities resulted in all three business segments delivering positive EBITDA.
Strong Balance Sheet
The company has more than $300 million of borrowing availability and reduced total debt to $233 million, which is $39 million lower than year-end levels.
CapEx Plan and M&A Success
The robust 2025 CapEx plan includes $35 million of spending on organic growth opportunities. The integration of the MetalWorks acquisition has been seamless and accretive to earnings.
Market Share Gain
The Specialty Metals Group saw a more than 60% improvement in EBITDA from the first quarter and gained market share across stainless and aluminum product lines.