Synalloy: 3Q Earnings Snapshot
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.