Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001437749-25-032012
Chunk: 2

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-28
Form: 425
Chunk 2
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 |      | 21,795 |   |
| Earnings before interest, taxes, depreciation and  amortization (EBITDA) |     |                    |       15,240 |     |      | 15,043 |   |     |                   |       50,918 |     |      | 60,652 |   |
| LIFO expense / (income)                                                  |     |                    |          139 |     |      | (2,000 | ) |     |                   |          889 |     |      | (2,600 | ) |
| Adjusted EBITDA (non-GAAP)                                               |     | $                  |       15,379 |     | $    | 13,043 |   |     | $                 |       51,807 |     | $    | 58,052 |   |

Conference Call and Webcast

Due to the pending transaction with Ryerson, our regularly scheduled earnings call for Friday, October 31, has been canceled.

Forward-Looking Statements

It is the Company's policy not to endorse any analyst's sales or earnings estimates. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "should," "intend," "expect," "believe," "estimate," "project," "plan," "potential," and "continue," as well as the negative of these terms or similar expressions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by such statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Such risks and uncertainties include, but are not limited to: the levels of imported steel in the United States, imposed tariffs and duties on imported and exported steel or other products, U.S. trade policy and its impact on the U.S. manufacturing industry, including retaliatory actions by other countries; general and global business, economic, financial and political conditions, including, but not limited to, the failure to obtain the requisite shareholder approval in connection with the transaction and the failure to satisfy various other conditions to the closing of the transaction contemplated by the merger agreement; the failure to obtain governmental approvals of the transaction on the proposed terms and timeline, and any conditions imposed on the combined company in connection with consummation of the transaction; the risk that