Synalloy (SYNL) Swings to Q3 Loss
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Synalloy Reports Third Quarter 2016 Results: Continued Weak Industrial Activity Pressures Sales and Profits - Order Activity Improving
November 8, 2016 7:56 AM ESTRICHMOND, Va., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the third quarter of 2016 of $34.3 million. This represents a decrease of $3.8 million or 10% when compared to net sales for the third quarter of 2015. Net sales for the first nine months of 2016 were $105.5 million, down $34.4 million or 25% from 2015.
For the third quarter of 2016 the Company recorded a net loss from continuing operations of $2.6 million, or $0.30 loss per share. This compares to net earnings from continuing operations of $1.4 million, or $0.16 per share for third quarter... More
