Synalloy (SYNL) Reports Q2 EPS of $0.70 on Revenues of $71.9M; Boosts FY18 EBITA Guidance, Offers FY18 Sales Guidance
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Synalloy Reports Record Second Quarter 2018 Results: Raises 2018 Adjusted EBITDA Guidance and Approves 2018 Dividend at $0.25 per share
August 7, 2018 7:00 AM EDTRICHMOND, Va., Aug. 07, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq: SYNL) today announced net sales for the second quarter of 2018 of $71.9 million. This represents an increase of $20.4 million or 39.6% when compared to net sales for the second quarter of 2017. Net sales for the first six months of 2018 were $130.4 million, an increase of $36.7 million or 39.2% from the first six months of 2017. These results represent all-time records for the Company on both a quarterly and year-to-date basis.
For the second quarter of 2018, the Company recorded net income of $3.7 million, or $0.41 per... More
