Olympic Steel Q3 2025 Earnings and Merger Announcement

Olympic Steel, Inc. reported its third-quarter 2025 financial results, with net income of $2.2 million, or $0.18 per diluted share, compared to $2.7 million, or $0.23 per diluted share, in the same period last year. Sales for the quarter totaled $491 million, a 4.5% increase from $470 million in Q3 2024. Adjusted EBITDA for the quarter was $15.4 million, up from $13.0 million in the prior year. The company also announced 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 Q1 2026, pending regulatory and shareholder approvals. Due to the pending merger, the company canceled its scheduled earnings call for October 31, 2025.