BNET Industries
Market Cap:$340.5M
Last Fiscal Year Sales:$1.2B
- Public
- US
Dow Jones Description
Founded in 1954, Olympic Steel is a leading U.S. steel service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products. Headquartered in Cleveland, Ohio, the Company operates 16 facilities.
Chairman of the Board and CEO
Michael D. SiegalNumber of Employees 965
Peer Companies
NAICS Code Steel Foundries (except Investment): 331513
Recent Events
-
Olympic Steel ZEUS Posts Q3 EPS of $0.06, Lower Than Estimates
-
Olympic Steel slips to a loss as sales drop 66%
News & Analysis
Filter by
earnings and olympic steel inc. - All News and Analysis
Olympic Steel, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. We’ll go first to Luke Folta with Longbow Research. Unidentified Analyst This is actually, Rob, filling in for Luke right now. The first question I guess is, can you give us any more color on what the shelf registration might be for...
Olympic Steel, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions And we will take our first question from Mark Parr with KeyBanc Capital Markets Mark Parr – KeyBanc Capital Markets Hi, good morning guys. Michael Siegal Mark, hi. Mark Parr – KeyBanc Capital Markets I was just curious about if you could give...
Olympic Steel Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions We will take our first question from Michelle Applebaum with FMI Research ph. Please go ahead. Michelle Applebaum - Michelle Applebaum Research Hi. David Wolfort Hi Michelle. Michelle Applebaum - Michelle Applebaum Research You beat ph my number. Okay. Some of the -- there's a...
Olympic Steel, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions And we’ll take our first question from Lloyd O'Carroll from Davenport. Lloyd O'Carroll – Davenport Good morning. Michael Siegal Hi, Lloyd. Lloyd O'Carroll – Davenport Couple of questions on volume. You added some capacity in the quarter. Can you...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David Wolfort | President & Chief Operating Officer |
| Esther M Potash | Chief Information Officer |
| Heber MacWilliams | Chief Information Officer |
| Richard T. Marabito | Chief Financial Officer |
| David K. Frink | Vice President, Automotive |
| David Lenzi | Vice President, Sales & Marketing |
| John Brieck | Regional Vice President, Southern Region |
| Ray Walker | Vice President Eastern Region |
| Steve Mallory | Vice President, Central Region |
| Dan Shepard | General Manager, North and South Carolina Operations |
| Joe Campion | General Manager |
| John Mooney | General Manager |
| Kirk Casey | General Manager |
| Michael Cedoz | General Manager |
| Michael O'Hara | General Manager |
| Rudi Tanck | General Manager |
| Howard Goldstein | Managing Director of Mallah Furman |
| Ralph M. Della Ratta | Founder and Managing Director |
| Brian Rolf | Operations Manager |
| Dan Kowalski | Operations Manager |
| Dan Redding | Operations Manager |
| Dan Springer | Operations Manager |
| Dave Carter | Operations Manager |
| Jack Crossett | Inside Sales Manager |
| James Miller | Operations Manager |
| Jeff Smith | Sales Manager |
| Jeremy Thiessen | Operations Manager |
| Jill A. Lettl | Manager, Communications |
| Joe Cedor | Sales Manager |
| Marge Bruce | Inside Sales Manager |
| Mary Murphy | Regional Sales Manager, Northern Tier, Central Region |
| Philip Bischof | Regional Sales Manager |
| Russ Edborg | Regional Sales Manager Northern Tier |
| Sean Heenan | Regional Sales Manager, Southern Tier Central Region |
| Steven Young | Operations Manager |
| Terry Rohde | Sales Manager |
| Theodore Dohse | Operations Manager |
| Tina Feraci | Regional Sales Manager Southern Tier |
| Tom Ehlers | Inside Sales Manager |
| Tom Neil | Operations Manager |
| Donald Flynn | Regional Controller |
| Marc Morgenstern | Secretary |
| Richard A. Manson | Treasurer |
| Thomas M. Forman | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael D. Siegal | Chairman of the Board and CEO |
| James B. Meathe | Chairman |
| M Ralph Jr | Board of Directors |
| Martin H. Elrad | Board of Directors |
| Ralph M. Dellaratta | Board of Directors |
Michael D. Siegal, 54 Chief Executive Officer of the Company since 1984, and Chairman of the Board since 1994. Serves on the following boards: American National Bank (Cleveland, Ohio), University Hospitals-Rainbow Baby’s Committee (Cleveland, OH) and Metals Service Center Institute (“MSCI”). Chairman of the Development Corporation for Israel.
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Chairman of the Board and CEO | Current |
| Development Corp. | Vice Chairman | Current |
| Olympic Steel Inc. | President | Former |
| Israel Bonds | National Chairman | Former |
| Olympic Steel Inc. | Director | Former |
David A. Wolfort, 56 President since January 2001 and Chief Operating Officer of the Company since 1995. He serves as a Director of the Metals Service Center Institute ("MSCI"). He is past Chairman of the MSCI Political Action Committee and past Chairman of the MSCI’s Government Affairs Committee, a Regional Board Member of the Northern Ohio Anti-Defamation League, and Trustee of Ohio University and Musical Arts Association (Cleveland Orchestra).
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | President & Chief Operating Officer | Current |
| Olympic Steel Inc. | Director | Current |
| Olympic Steel Inc. | Vice President, Commercial | Former |
| Olympic Steel Inc. | General Manager | Former |
Esther M. Potash, age 57, has served as our Chief Information Officer since April 2007, and has been employed by us in various positions since 1998. Prior to joining us, Ms. Potash spent 13 years as a management consultant with a public accounting firm and six years as an analyst with the United States Navy. Ms. Potash is a member of the Association of Women in the Metal Industries.
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Laser Processing, LLC | CFO | Current |
| Olympic Steel Inc. | Chief Financial Officer | Current |
| Make-A-Wish Foundation | Board Member | Current |
| Olympic Steel Inc. | Corporate Controller | Former |
| Waxman Industries, Inc. | Corporate Controller | Former |
| Olympic Steel Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Vice President, Automotive | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Vice President, Sales & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Vice President, Southern Region | Current |
| Olympic Steel Inc. | General Manager | Former |
| Olympic Steel Inc. | Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Vice President Eastern Region | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Vice President, Central Region | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager, North and South Carolina Operations | Current |
| Olympic Steel Inc. | Fabrication Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager | Current |
| Olympic Steel Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager | Current |
| Olympic Steel Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager | Current |
| Olympic Steel Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Israel Bonds | Managing Director of The Miami | Current |
| Olympic Steel Inc. | Managing Director of Mallah Furman | Current |
| Mallah Furman & Company | Managing Director | Current |
| Olympic Steel Inc. | Audit Committee Chairman | Current |
| Hillel Council | Board of Directors | Current |
| Olympic Steel Inc. | Director | Current |
| Aipac | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| The Firm LLC | Managing Director | Former |
| Mallah Furman & Company | Senior Partner | Former |
| Mallah Furman & Company | Professional, Business and Personal Services | Former |
| Eco-Nomics, Inc. | Bachelor of Science In Accounting | Former |
| Rutgers University | Bachelor of Science in Accounting and Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Western Reserve Partners LLC | Managing Director | Current |
| Olympic Steel Inc. | Founder and Managing Director | Current |
| Western Reserve Partners LLC | Founder | Current |
| Business Volunteer's Unlimited | Board of Directors | Current |
| Olympic Steel Inc. | Director | Current |
| Western Reserve Partners LLC | Board of Directors | Current |
| Hyland Software, Inc. | Director | Current |
| McDonald Investments Inc. | Senior Managing Director | Former |
| McDonald Investments Inc. | Manager | Former |
| Bank One Corp | Former | |
| American Graduate School of International Management | Masters In Business Administration | Former |
| Duke University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Inside Sales Manager | Current |
| Olympic Steel Inc. | Sales Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Manager, Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Inside Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Sales Manager, Northern Tier, Central Region | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Sales Manager Northern Tier | Current |
| Olympic Steel Inc. | Sales Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Sales Manager, Southern Tier Central Region | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Sales Manager Southern Tier | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Inside Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Regional Controller | Current |
| Organization | Position | Status |
|---|---|---|
| C&T Access Ventures | Managing Director & Secretary, C&T Access Ventures | Current |
| C&T Access Ventures | Co-Founder | Current |
| Olympic Steel Inc. | Secretary | Current |
| Cardinalcommerce | Director | Current |
| Mr. Gasket Company | Director | Former |
| Olympic Steel Inc. | Secretary | Former |
| Yale University | JD | Former |
| Boston University | JD | Former |
Richard A. Manson, age 40, has served as our Treasurer since January 2003, and has been employed by us since 1996. From 1996 through 2002, he served as Director of Taxes and Risk Management. Prior to joining us, Mr. Manson was employed for seven years by a national accounting firm in its tax department. Mr. Manson is a certified public accountant and is a member of the Ohio Society of Certified Public Accountants and the American Institute of Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Treasurer | Current |
| Olympic Steel Inc. | Treasurer | Current |
| American Institute of Certified Public Accountants | Member | Current |
James B. Meathe, 51 Since 2005, Managing Partner, Walloon Ventures, a real estate development firm. Vice Chairman of Palmer & Cay, Inc. (an insurance and brokerage firm) from 2004 to 2005. Previously served as President and Chief Operating Officer of Palmer & Cay from 2003 to 2004. Managing Director and Chairman Midwest Region of Marsh Inc. (a risk and insurance services firm) from 1999 to 2002. Previously, he served in several senior management positions with Marsh Inc. Previously served on the Board of Directors of Boykin Lodging Company.
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Chairman | Current |
| Olympic Steel Inc. | Board of Directors | Current |
| Boykin Lodging Company | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Board of Directors | Current |
Martin H. Elrad, 67. Director; Chariman, Nominating Committee; Member, Audit and Compensation Committees
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Board of Directors | Current |
| Olympic Steel Inc. | Nominating Committee Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Olympic Steel Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| White Dove Mattress | Board Member | Current |
| Shaker Consulting Group, Inc | Board Member | Current |
| Olympic Steel Inc. | Director | Current |
| Jupiter Licensing | President | Former |
| Bridgestone/Firestone, Inc. | Executive Vice President | Former |
| Bridgestone/Firestone, Inc. | Board Member | Former |
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