Synalloy Reports Third Quarter 2020 Results
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Synalloy (SYNL) Reports Q3 Loss of $0.11
November 9, 2020 7:39 AM ESTSynalloy (NASDAQ: SYNL) reported Q3 EPS of ($0.11), versus ($0.08) reported last year. Revenue for the quarter came in at $59.27 million, versus $73.64 million reported last year.
For the third quarter of 2020, the Company recorded a net loss of $10.5 million, or $1.16 diluted loss per share, compared to a net loss of $1.0 million, or $0.11 diluted loss per share for the third quarter of 2019. The third quarter of 2020 was negatively impacted by:
Non-cash goodwill impairment in our Metals Segment of $10.7 million;Operating losses at... More