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Synalloy Corp (SYNL.A)

SYNL.A on American Stock Exchange

13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Synalloy reports Q3 sales $54.6 million
Tuesday, 7 Nov 2017 07:00am EST 

Nov 7 (Reuters) - Synalloy Corp :Synalloy reports third quarter 2017 results: strengthening demand spurs strong sales and profitability growth.Q3 adjusted earnings per share $0.10.Q3 loss per share $0.14 from continuing operations.Q3 sales $54.6 million.Synalloy Corp - Holding adjusted EBITDA forecast for 2017 at $17 million​.  Full Article

Synalloy increases ABL credit facility from $45 mln to $65 mln
Tuesday, 31 Oct 2017 11:04am EDT 

Oct 31 (Reuters) - Synalloy Corp ::Synalloy increases ABL credit facility from $45.0 million to $65.0 million.  Full Article

Synalloy Corp Q2 EPS $0.10 from continuing operations
Tuesday, 8 Aug 2017 07:00am EDT 

Aug 8 (Reuters) - Synalloy Corp ::Synalloy reports second quarter 2017 results: strong growth in net income and EBITDA.Q2 earnings per share $0.10 from continuing operations.Q2 sales $51.5 million.Q2 adjusted earnings per share $0.23.Synalloy corp - raising adjusted ebitda forecast for year to $17.0 million.Synalloy corp - expect order activity and pricing across metals businesses to remain at current levels or modestly higher for fy.Synalloy corp - chemical segment is expected to show strong profit growth in second half of year as we ramp up production of new fire-retardant business.  Full Article

Universal Stainless announces rejection of unsolicited offer from Synalloy
Thursday, 29 Jun 2017 04:15pm EDT 

June 29 (Reuters) - Universal Stainless & Alloy Products Inc ::Universal Stainless announces rejection of unsolicited offer from Synalloy Corporation.Universal Stainless & Alloy Products says "‍does not see a basis for further discussions with Synalloy regarding unsolicited offer at this time"​.Universal Stainless & Alloy Products - co's board determined that Synalloy's unsolicited offer has "no merit for stockholders of universal stainless".  Full Article

Synalloy reports Q1 earnings per share $0.08
Tuesday, 9 May 2017 07:30am EDT 

May 9 (Reuters) - Synalloy Corp : :Synalloy reports first quarter 2017 results: sales increase drives a return to profitability.Q1 adjusted earnings per share $0.03.Q1 earnings per share $0.08.Q1 sales $42.2 million.Synalloy Corp - bookings in Q1 for stainless steel pipe were "very strong", bringing backlog to approximately $28 million.Synalloy Corp - "expect to exceed our original forecast for 2017".  Full Article

Synalloy Corp says on Feb 28, Bristol Metals & co's unit entered into Amendment No 1 to Asset Purchase Agreement
Monday, 6 Mar 2017 03:18pm EST 

Synalloy Corp : On February 28, 2017, Bristol Metals and co's unit entered into Amendment No. 1 to Asset Purchase Agreement-SEC filing . On February 28, 2017 unit entered MOU with MUSA, USW . Unit and Union amended terms of CBA to include a modest wage increase and to extend CBA's termination date to September 30, 2018 .Amendment No. 1 to APA dated Dec 9, 2016 to include finished goods inventory as part of purchased assets.  Full Article

Synalloy says court ordered Palmer to pay customer $8.6 mln in damages
Monday, 9 Jan 2017 11:54am EST 

Synalloy Corp : On Dec 31, 2016, court entered final judgment in favor of customer (plaintiff) and Synalloy and against Palmer . Court ordered Palmer to pay plaintiff approximately $8.60 million in damages-SEC filing .Court ruled Synalloy has no liability to plaintiff - SEC filing.  Full Article

Synalloy closes on ABL credit facility for $45 mln
Thursday, 1 Sep 2016 03:59pm EDT 

Synalloy Corp : Closes On ABL credit facility for $45.0 million and signs purchase and sale agreement on sale-leaseback for $22.0 million with closing expected October 2016 .Upon closing of sale-leaseback, company will enter into absolute triple net leases with purchaser.  Full Article

Synalloy Q2 adjusted EPS $0.00
Tuesday, 9 Aug 2016 07:00am EDT 

Synalloy Corp: Q2 sales $34.9 million . Lowered expectations for full year 2016 . Q2 loss per share $0.18 from continuing operations .Now projecting full year 2016 net loss from continuing operations of $2.4 million, which will equate to adjusted ebitda of about $11 million.  Full Article

Synalloy reports Q1 loss per share of $0.16
Monday, 9 May 2016 07:14am EDT 

Synalloy Corp : Synalloy reports first quarter 2016 results: continued negative impact from oil & gas industry declines and nickel metal pricing . Q1 adjusted earnings per share $0.00 . Q1 loss per share $0.16 .Q1 sales $36.3 million.  Full Article

BRIEF-Synalloy reports Q3 sales $54.6 million

* Synalloy reports third quarter 2017 results: strengthening demand spurs strong sales and profitability growth