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.


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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