Synalloy (SYNL) Misses Q1 EPS by 7c
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Synalloy Reports First Quarter 2016 Results: Continued Negative Impact from Oil & Gas Industry Declines and Nickel Metal Pricing
May 9, 2016 7:00 AM EDTRICHMOND, Va., May 09, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the first quarter of 2016 of $36.3 million. This represents a decrease of $15.3 million or 30% when compared to net sales for the first quarter of 2015.
For the first quarter of 2016 the Company recorded a net loss of $1.4 million, or $0.16 loss per share. This compares to net earnings of $3.6 million, or $0.42 per share for the first quarter 2015.
The Companys performance utilizing its two standard non-GAAP financial measures, Adjusted Net Income and... More
