AP NEWS

Synalloy: 2Q Earnings Snapshot

August 7, 2018

RICHMOND, Va. (AP) _ Synalloy Corp. (SYNL) on Tuesday reported second-quarter earnings of $3.7 million.

On a per-share basis, the Richmond, Virginia-based company said it had profit of 41 cents. Earnings, adjusted for non-recurring costs, were 70 cents per share.

The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $71.9 million in the period.

Synalloy shares have increased 65 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYNL at https://www.zacks.com/ap/SYNL

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