| Business Summary | | Olympic
Steel,
Inc.
is
a
North
American
steel
service
center
specializing
in
processing
and
distribution
of
large
volumes
of
carbon,
coated
carbon
and
stainless
steel,
flat-rolled
sheet,
coil
and
plate,
and
tubular
steel
products
from
13
facilities
in
eight
midwestern
and
eastern
states.
The
Company
also
participates
in
two
joint
ventures
in
Michigan.
Olympic
Steel
operates
as
an
intermediary
between
steel
producers
and
manufacturers
that
require
processed
steel
for
their
operations.
The
Company
purchases
flat-rolled
steel,
typically
from
steel
producers,
and
responds
to
its
customers'
needs
by
processing
steel
to
customer
specifications
and
by
providing
critical
inventory
and
just-in-time
delivery
services.
Services
include
both
traditional
service
center
processes
of
cutting-to-length,
slitting,
shearing
and
roll
forming
and
higher
value-added
processes
of
blanking,
tempering,
plate
burning,
laser
welding
and
precision
machining
of
steel
parts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Olympic
Steel
processes
and
distributes
flat-rolled
carbon,
stainless
and
tubular
steel
products
according
to
customer
specifications
at
13
facilities,
operating
as
an
intermediary
between
producers
and
manufacturers.
For
the
six
months
ended
6/30/01,
sales
fell
20%
to
$225.8
million.
Net
loss
totaled
$787
thousand
vs.
an
income
of
$1.6
million.
Results
reflect
the
negative
impacts
of
decreased
average
selling
prices
due
to
the
depressed
steel
pricing
environment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Siegal, 48 Chairman,
CEO | $409K | David Wolfort, 48 Pres,
COO, Director | 319K | Richard Marabito, 37 CFO,
Treasurer, Controller | 170K | Heber MacWilliams, 57 VP,
Management Information Systerms | 149K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|