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Synalloy Corp (SYNL.OQ)

SYNL.OQ on NASDAQ Stock Exchange Global Market

13.25USD
15 Nov 2019
Change (% chg)

$-0.05 (-0.38%)
Prev Close
$13.30
Open
$13.43
Day's High
$13.43
Day's Low
$13.05
Volume
3,371
Avg. Vol
5,470
52-wk High
$19.65
52-wk Low
$12.52

Latest Key Developments (Source: Significant Developments)

Synalloy Posts Q3 Loss Per Share Of $0.11
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Synalloy Corp ::SYNALLOY REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.08.Q3 LOSS PER SHARE $0.11.Q3 SALES $73.6 MILLION.Q3 WAS A CONTINUATION OF WEAK DEMAND AND DEPRESSED PRICING ACROSS MOST OF OUR PRODUCT LINES AND END MARKETS.EXPERIENCED SEQUENTIAL VOLUME GROWTH OVER Q2 FOR BOTH WELDED STAINLESS-STEEL PIPE AND SEAMLESS CARBON PIPE.STORAGE TANK BUSINESS SAW A DECLINE IN ORDER ACTIVITY IN Q3 AS CAPITAL OUTLAYS BY E&P CUSTOMERS WERE LIMITED.HAVE REDUCED OUR HEADCOUNT BY ONE-THIRD AT OUR STORAGE TANK BUSINESS.EXPECT TO SEE ORDER ACTIVITY INCREASE IN Q4, ASSUMING WTI PRICES HOLD AT CURRENT LEVELS.FOR REMAINDER OF YEAR, EXPECT TO SEE ORDER BOOK PRICING INCREASE AS A REFLECTION OF RECENT OCTOBER AND NOVEMBER SURCHARGE INCREASES.PRICING PRESSURES IN Q3 LOWERED OVERALL AVERAGE SELLING PRICE BY 11.1%.EXPECT ENERGY MARKET-BASED SALES TO REMAIN LOW FOR REMAINDER OF YEAR, AND ANTICIPATE SLIGHTLY LOWER GENERAL INDUSTRIAL SALES IN Q4.LOWER RAW MATERIAL INPUT COSTS NEGATIVELY AFFECTED Q3 SALES REVENUE BY $0.8 MILLION WHEN COMPARED TO Q3 2018.SEE NO SIGNS OF IMPROVING DEMAND IN END MARKETS IN 2019.  Full Article

Universal Stainless & Alloy Products Says Will Respond In Due Course To Synalloy's Offer
Saturday, 19 Oct 2019 

Oct 18 (Reuters) - Universal Stainless & Alloy Products Inc ::UNIVERSAL STAINLESS & ALLOY PRODUCTS INC - TO THOROUGHLY REVIEW CONTENTS OF INTEREST LETTER AND OTHER RELEVANT INFORMATION RELATING TO SYNALLOY.UNIVERSAL STAINLESS & ALLOY PRODUCTS INC - WILL RESPOND IN DUE COURSE TO SYNALLOY'S OFFER.  Full Article

Synalloy - Delivered Merger Proposal To Universal Stainless & Alloy Products Board
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Synalloy Corp ::SYNALLOY CORP - DELIVERED MERGER PROPOSAL TO UNIVERSAL STAINLESS & ALLOY PRODUCTS BOARD.SYNALLOY CORP - MERGER PROPOSAL STATES USAP SHAREHOLDERS WILL OWN ABOUT 52% OF NEWCO AND SYNL SHAREHOLDERS WILL OWN ABOUT 48%.SYNALLOY CORP - MERGER PROPOSAL STATES NEWCO BOARD WILL CONSIST OF AN EQUAL NUMBER OF DIRECTORS FROM BOTH USAP AND SYNL.SYNALLOY CORP - MERGER PROPOSAL STATES DENNY OATES, CURRENT CHAIRMAN OF BOARD, CEO AND PRESIDENT OF USAP WILL SERVE AS EXECUTIVE CHAIRMAN OF NEWCO.SYNALLOY CORP - MERGER PROPOSAL STATES CRAIG BRAM, CURRENT CEO AND PRESIDENT OF SYNL, WILL SERVE AS CEO AND PRESIDENT OF NEWCO.SYNALLOY CORP - MERGER PROPOSAL STATES THAT NEWCO NET DEBT WILL BE LESS THAN $20 MILLION AND ABL BORROWING CAPACITY APPROACHING $160 MILLION.SYNALLOY - UNDER PROPOSAL, NEWCO WILL PURSUE STRATEGIES, INCLUDING SALE LEASEBACK OF USAP PROPERTIES, SALE OF NON-STRATEGIC ASSETS - SEC FILING.  Full Article

Synalloy Q2 Adjusted Loss Per Share $0.04
Tuesday, 13 Aug 2019 

Synalloy Corp ::SYNALLOY REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.04.Q2 LOSS PER SHARE $0.03.Q2 SALES $78.8 MILLION.EXPECTATIONS FOR REMAINDER OF YEAR ARE CONSISTENT WITH PREVIOUS GUIDANCE OF AN ADJUSTED EBITDA OF APPROXIMATELY $22 MILLION.  Full Article

Synalloy Corp Posts Q1 Adjusted Earnings Per Share $0.07
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Synalloy Corp ::SYNALLOY REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.07.Q1 LOSS PER SHARE $0.10.Q1 SALES $84.8 MILLION.Q1 OF 2019 WAS NEGATIVELY IMPACTED BY INVENTORY PRICE CHANGE LOSSES.FORECAST FOR ENTIRE COMPANY FOR 2019 REMAINS UNCHANGED.  Full Article

Synalloy Q4 Earnings Per Share $0.06
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Synalloy Corp ::SYNALLOY REPORTS FOURTH QUARTER 2018 RESULTS: RECORD REVENUE AND EARNINGS FOR 2018.Q4 ADJUSTED EARNINGS PER SHARE $0.22.Q4 EARNINGS PER SHARE $0.06.Q4 SALES $72.7 MILLION.SYNALLOY - EXPECT TO BE WELL POSITIONED BY MID-YEAR 2019 TO TAKE ON ANOTHER ACQUISITION.  Full Article

Synalloy announces Asti closing projections for 2018 and 2019
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Synalloy Corp ::SYNALLOY ANNOUNCES ASTI CLOSING; PROJECTIONS FOR 2018 AND 2019.SEES FY 2018 REVENUE ABOUT $280 MILLION.SEES 2018 ADJUSTED EBITDA TOTALING $34 MILLION.SHIPMENTS IN Q4 WERE BELOW PLAN.SYNALLOY'S ANNUAL FORECAST FOR 2019, INCLUDING ADDITION OF ASTI'S OPERATIONS, CALLS FOR REVENUE OF $340 MILLION.EXPECT TO REDUCE NET DEBT BY A MINIMUM OF $25 MILLION DURING COURSE OF 2019, EXCLUDING IMPACT OF ANY ADDITIONAL ACQUISITIONS.SEES 2019 ADJUSTED EBITDA IS PROJECTED TO TOTAL $34 MILLION.  Full Article

Synalloy - On Dec 20, Co, Units Entered 2nd Amendment To 3rd Amended & Restated Loan Agreement
Thursday, 27 Dec 2018 

Dec 26 (Reuters) - Synalloy Corp ::SYNALLOY CORP - ON DEC 20, CO, UNITS ENTERED SECOND AMENDMENT TO THIRD AMENDED AND RESTATED LOAN AGREEMENT - SEC FILING.SYNALLOY CORP - CREDIT AGREEMENT TO REFINANCE, INCREASE REVOLVING CREDIT LINE TO $100.0 MILLION & TO CREATE NEW 5-YEAR TERM LOAN OF $20.0 MILLION.SYNALLOY CORP - TERM LOAN'S MATURITY DATE IS JANUARY 1, 2024..  Full Article

Synalloy Announces Dividend Payment And Termination Of The At-The-Market Equity Offering Program
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Synalloy Corp ::SYNALLOY ANNOUNCES DIVIDEND PAYMENT AND TERMINATION OF THE AT-THE-MARKET EQUITY OFFERING PROGRAM.SYNALLOY CORP - DECLARED AN ANNUAL DIVIDEND PAYMENT OF $0.25 PER SHARE, PAYABLE ON DECEMBER 12, 2018.SYNALLOY CORP - TERMINATED ITS AUGUST 2018 AT--MARKET EQUITY OFFERING PROGRAM WITH BB&T MARKETS AND LADENBURG THALMANN & CO. INC.  Full Article

Synalloy Reports Q3 Adjusted Earnings Per Share $0.65
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Synalloy Corp ::SYNALLOY REPORTS THIRD QUARTER 2018 RESULTS:.Q3 ADJUSTED EARNINGS PER SHARE $0.65.Q3 EARNINGS PER SHARE $0.56.Q3 SALES $77.8 MILLION.REMAIN ON COURSE TO GENERATE ANNUAL SALES OF $285.0 MILLION.REMAIN ON COURSE TO GENERATE AND ADJUSTED EBITDA OF $37.0 MILLION FOR 2018.  Full Article