Synalloy Reports Fourth Quarter 2019 Results
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Synalloy (SYNL) Reports Q4 Loss of $0.09 on Revenues of $67.9M; Offers FY20 Revenue Outlook
March 6, 2020 7:04 AM ESTSynalloy (NASDAQ: SYNL) reported Q4 EPS of ($0.09), versus $0.22 reported last year. Revenue for the quarter came in at $67.9 million, versus $72.67 million reported last year.
"We witnessed extremely tight inventory controls on the part of customers across Synalloy\'s operating companies during the fourth quarter," said Craig C. Bram, President and CEO. "On a sequential basis, the Metals Segment sales fell 8% in the fourth quarter over the third quarter of the year, while the Chemicals Segment sales for same period comparisons fell 7%. While the order books indicated the potential for higher shipments in the... More
