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CLEVELAND - Olympic Steel Inc. (NASDAQ:ZEUS), a metal products company with a market capitalization of $341 million and annual revenue of $1.88 billion, announced Wednesday the promotion of Joseph L. Casey to Director of Manufactured Metal Products, a newly created position in which he will oversee the company’s McCullough Industries and MetalWorks brands. According to InvestingPro analysis, the company maintains a strong financial health rating, with eight key investment factors identified for potential investors.
Casey, who will continue reporting to Zachary J. Siegal, President of Manufactured Metal Products, joined Olympic Steel in 2012 as part of the Integrity Stainless facility startup in Streetsboro, Ohio. He has since held various leadership positions within the company.
Following Olympic Steel’s acquisition of McCullough Industries in 2019, Casey became General Manager for the Kenton, Ohio facility, where the company reports he helped introduce several new material handling product lines.
In his expanded role, Casey will oversee operations for both McCullough Industries and MetalWorks, with Nathan Anderson, General Manager of the MetalWorks facility in Oakwood, Georgia, reporting directly to him.
The company also announced that Ben Houston, President of MetalWorks, plans to retire in December and will support the team during the leadership transition.
Casey holds a Lean Six Sigma Black Belt certification and is a graduate of the Metals Service Center Institute’s Strategic Metal Management Program at Washington University in St. Louis.
Olympic Steel, founded in 1954 and headquartered in Cleveland, Ohio, operates 54 facilities across the United States and specializes in the direct sale and value-added processing of various metal products. The company has demonstrated financial stability with a healthy current ratio of 3.07 and has maintained dividend payments for 20 consecutive years. InvestingPro subscribers can access a comprehensive analysis of Olympic Steel’s financial metrics, growth prospects, and valuation in the exclusive Pro Research Report, available alongside 1,400+ other detailed company analyses.
The information in this article is based on a press release statement from Olympic Steel Inc.
In other recent news, Olympic Steel reported its earnings for the second quarter of 2025, exceeding earnings per share (EPS) expectations. The company achieved an EPS of $0.50, surpassing the forecast of $0.43, marking a 16.28% surprise increase. However, Olympic Steel’s revenue fell slightly short of expectations, coming in at $496.48 million compared to the anticipated $499 million. Despite the revenue miss, the company’s stock remained stable. In related developments, KeyBanc adjusted its price target for Olympic Steel to $38.00 from $40.00, maintaining an Overweight rating. The adjustment was attributed to higher operating expenses impacting the company’s 2025-2026 earnings per share and EBITDA forecasts. These updates reflect the recent financial performance and analyst perspectives on Olympic Steel.
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