AP NEWS

Synalloy: 3Q Earnings Snapshot

November 6, 2018

RICHMOND, Va. (AP) _ Synalloy Corp. (SYNL) on Tuesday reported third-quarter net income of $5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Richmond, Virginia-based company said it had profit of 56 cents. Earnings, adjusted for one-time gains and costs, were 65 cents per share.

The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $77.8 million in the period.

Synalloy shares have increased 55 percent since the beginning of the year. The stock has risen 42 percent 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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