Synalloy Reports First Quarter 2020 Results
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Synalloy (SYNL) Reports Q1 Loss of $0.08
May 5, 2020 7:39 AM EDTSynalloy (NASDAQ: SYNL) reported Q1 EPS of ($0.08), versus $0.07 reported last year.
The first quarter of this year was a continuation of the soft manufacturing economy that we witnessed in the second half of last year, said Craig C. Bram, President and CEO. In spite of the difficult pricing environment, Adjusted EBITDA in the first quarter was marginally higher than the fourth quarter of 2019. Approximately $1.5 million of the more than $6.0 million in savings from the... More
