Olympic Steel Inc. Reports Decrease in Q3 Profit
Earnings Decline: Olympic Steel Inc. reported a decrease in earnings for the third quarter, totaling $2.15 million or $0.18 per share, down from $2.73 million or $0.23 per share last year.
Adjusted Earnings: Excluding certain items, the company reported adjusted earnings of $0.19 per share for the period.
Revenue Growth: The company's revenue increased by 4.4%, reaching $490.65 million compared to $469.99 million in the previous year.
Earnings Summary: Key figures include earnings of $2.15 million, EPS of $0.18, and revenue of $490.65 million, reflecting a mixed performance in financial results.
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- Investigation Focus: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE: SEE) for potential violations of federal securities laws related to its sale to CD&R for $42.15 per share in cash, raising concerns about fiduciary duties to shareholders.
- Exact Sciences Sale: Exact Sciences Corporation (NASDAQ: EXAS) is being sold to Abbott for $105.00 per common share in cash, with Halper Sadeh LLC potentially seeking increased consideration and additional disclosures on behalf of shareholders.
- Olympic Steel Transaction: Olympic Steel, Inc. (NASDAQ: ZEUS) is selling to Ryerson Holding Corporation for 1.7105 shares of Ryerson stock per Olympic share, prompting Halper Sadeh LLC to explore legal remedies and protections for shareholders.
- Legal Services Offered: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging shareholders to consult for free regarding their legal rights and options, aiming to support and remedy the interests of defrauded investors.
- Transaction Details: Olympic Steel (NasdaqGS: ZEUS) plans to sell at a rate of 1.7105 shares of Ryerson (NYSE: RYI) common stock per share, allowing shareholders to own approximately 37% of the combined entity, indicating potential market consolidation benefits.
- Legal Investigation: Former Louisiana Attorney General Charles C. Foti and his firm Kahn Swick & Foti, LLC are investigating whether the transaction is adequate, reflecting concerns over shareholder rights and the fairness of the deal process.
- Shareholder Rights: KSF encourages shareholders who believe the transaction undervalues the company to reach out, emphasizing the importance of transparency and fairness in the deal, which may influence shareholder acceptance of the transaction.
- Market Reaction: The proposed transaction has sparked discussions regarding Olympic Steel's future value, prompting investors to monitor the implications of the deal on the company's structure and its impact on the industry.
- Sealed Air Investigation: Halper Sadeh LLC is investigating Sealed Air Corporation's sale to CD&R for $42.15 per share in cash, potentially violating fiduciary duties to shareholders, which could impact shareholder rights.
- A&B Company Scrutiny: The sale of Alexander & Baldwin, Inc. to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share is under investigation, potentially affecting shareholder rights and options.
- Ryerson Merger Review: The merger between Ryerson Holding Corporation and Olympic Steel, Inc. is being examined, with Ryerson shareholders expected to own approximately 63% of the combined entity, which may influence shareholder control.
- Legal Services Commitment: Halper Sadeh LLC offers contingent legal services to shareholders, aiming to secure increased consideration and additional disclosures, thereby protecting shareholder interests without upfront costs.
- Sealed Air Acquisition Investigation: Halper Sadeh LLC is investigating Sealed Air Corporation's sale to CD&R-affiliated funds for $42.15 per share in cash, potentially violating fiduciary duties to shareholders, which could impact shareholder rights.
- A&B Shareholder Rights Focus: Alexander & Baldwin, Inc. is selling to MW Group and Blackstone Real Estate-affiliated funds for $21.20 per share in cash, with Halper Sadeh LLC possibly seeking increased compensation and disclosures to protect shareholder interests.
- Ryerson Merger Transaction: The merger between Ryerson Holding Corporation and Olympic Steel, Inc. will result in Ryerson shareholders owning approximately 63% of the combined entity, prompting Halper Sadeh LLC to scrutinize the compliance and implications for shareholders.
- Legal Services Offered: Halper Sadeh LLC provides legal services on a contingency fee basis, encouraging affected shareholders to reach out to discuss their rights and options, aiming to secure additional benefits and compensation for shareholders.

- Shareholder Compensation Investigation: Monteverde & Associates is investigating Sealed Air Corp.'s acquisition by Clayton, Dubilier & Rice, with shareholders expected to receive $42.10 per share in cash, which could positively impact shareholder returns.
- Acquisition Transaction Details: Alexander & Baldwin, Inc. is linked to MW Group and funds affiliated with Blackrock Real Estate and DivcoWest, with shareholders anticipated to receive $21.20 per share in cash, providing direct cash benefits to investors.
- Merger Voting Arrangement: Ryerson Holding Corporation's merger with Olympic Steel, Inc. is expected to result in Ryerson shareholders owning approximately 63% of the combined company, with a shareholder vote scheduled for February 12, 2026, indicating a strengthened market position post-merger.
- Law Firm Background: Monteverde & Associates is recognized as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, highlighting its successful track record in securing compensation for shareholders, thereby enhancing its reputation in the legal field.
Global Payments Insider Buying: Robert H. B. Baldwin Jr., Director of Global Payments, purchased 13,392 shares at $81.16 each, totaling $1.09M, and is currently up 2.8% based on today's trading high of $83.42.
Olympic Steel Insider Buying: Director Peter Jennings Scott bought 5,030 shares of Olympic Steel at $39.89 each for a total of $200,647, marking his first purchase in the past year, with an 8.4% gain at today's trading high of $43.26.









