Olympic Steel(US:ZEUS) Businesswire·2025-10-28 20:45Financial Performance - Net income for the third quarter of 2025 was $2.2 million, or $0.18 per diluted share, down from $2.7 million, or $0.23 per diluted share in the third quarter of 2024 [2] - Adjusted EBITDA for the third quarter of 2025 was $15.4 million, an increase from $13.0 million in the third quarter of 2024 [2] - Sales totaled $491 million in the third quarter of 2025, representing a 4.5% increase compared to $470 million in the third quarter of 2024 [3] Business Strategy and Outlook - The CEO highlighted the resilience of the business model despite softer demand due to trade and interest rate uncertainties, with all three business segments contributing to profitability [4] - The Specialty Metals segment achieved its strongest shipping quarterly volume in the past three years, indicating strong performance [4] - The company has been diversifying its business, focusing on higher-margin opportunities, and maintaining operational discipline to strengthen competitiveness [4] Dividend and Merger Announcement - The Board of Directors approved a regular quarterly cash dividend of $0.16 per share, payable on December 15, 2025, to shareholders of record as of December 1, 2025 [4] - A definitive merger agreement has been reached with Ryerson Holding Corporation, with the transaction expected to close in the first quarter of 2026, pending regulatory and shareholder approvals [5]