(:SYNL)

Business Focus: N/A

Aug 09, 2022 04:05 pm ET

Synalloy Reports Strong Second Quarter 2022 Results

Aug 04, 2022 08:00 am ET

Synalloy Corporation Announces Rebrand to Ascent Industries Co.

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, is announcing a corporate rebrand from Synalloy Corporation to Ascent Industries Co. (“Ascent”) effective August 10, 2022. The Company’s

Jul 26, 2022 08:00 am ET

Synalloy Corporation Sets Second Quarter 2022 Earnings Conference Call for August 9, 2022, at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, will hold a conference call on Tuesday, August 9, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2022. The results will be reported in a press release prior to the conference call.

May 25, 2022 08:00 am ET

Synalloy Executive Vice President Tim Lynch Elected to CPTI Board of Directors

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, is announcing its Executive Vice President of Synalloy Metals, Tim Lynch, has been elected to serve on the Board of Directors for the Committee on Pipe and Tube Imports (“CPTI”).

May 10, 2022 04:05 pm ET

Synalloy Reports Record First Quarter 2022 Results

May 10, 2022 07:00 am ET

Sidoti May Virtual Micro Cap Investor Conference

NEW YORK, NY / ACCESSWIRE / May 10, 2022 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day May Micro Cap Virtual Conference taking place Wednesday and Thursday, May 11th-12th, 2022. The links can also be found at www.sidoticonference.com/events.

May 05, 2022 08:00 am ET

Synalloy to Present at the Sidoti Virtual Conference on May 12, 2022

May 03, 2022 08:00 am ET

Synalloy Corporation Sets First Quarter 2022 Earnings Conference Call for May 10, 2022, at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, will hold a conference call on Tuesday, May 10, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2022. The results will be reported in a press release prior to the conference call.

Mar 29, 2022 04:05 pm ET

Synalloy Reports Record Fourth Quarter and Full Year 2021 Results

Mar 25, 2022 11:31 am ET

Synalloy Corporation Sets Fourth Quarter and Full Year 2021 Earnings Conference Call for March 29, 2022, at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, will hold a conference call on Tuesday, March 29, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2021. The results will be reported in a press release prior to the conference call.

Mar 21, 2022 08:00 am ET

Synalloy Solidifies Leadership Structure and Appoints New Independent Director to the Board

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has named Ben Rosenzweig, who previously served as chairman since May 2021, as executive chairman of the board and appointed Chris Hutter, who previously served as interim president and CEO since November 2020, as president and CEO, both effective as of March 18, 2022. Additionally, the Company has appointed Aldo Mazzaferro as an independent director to the board, effective March 18, 2022. Synalloy’s board of directors n

Dec 17, 2021 08:00 am ET

Synalloy Announces Closing of Highly Successful $10 Million Rights Offering

Nov 30, 2021 08:00 am ET

Synalloy Announces Commencement of Rights Offering

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, today announced that it has commenced its previously-announced rights offering (the “Rights Offering”), which, if fully subscribed, would raise proceeds of approximately $10 million.

Nov 16, 2021 08:00 am ET

Synalloy Announces $10 Million Rights Offering

Nov 15, 2021 08:00 am ET

Synalloy Appoints John Zuppo as Executive Vice President of Synalloy Chemicals

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has appointed John Zuppo as executive vice president of Synalloy Chemicals, effective November 12, 2021. With this appointment, all of Synalloy’s chemicals subsidiaries will now report directly to Zuppo.

Nov 09, 2021 04:05 pm ET

Synalloy Reports Strong Third Quarter 2021 Results

Oct 26, 2021 08:00 am ET

Synalloy Corporation Sets Third Quarter 2021 Earnings Conference Call for November 9, 2021, at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, will hold a conference call on Tuesday, November 9, 2021, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2021. The results will be reported in a press release prior to the conference call.

Oct 25, 2021 08:00 am ET

Synalloy Acquires Leading Specialty Chemicals Contract Manufacturer DanChem

DanChem is a leading, full-service specialty chemicals contract manufacturing organization with three production plants located on an owned 55-acre campus in Danville, Virginia. The DanChem facility is particularly unique, boasting the largest fleet of horizontal reactors in the industry and producing a broad array of diversified products. DanChem’s exceptional team serves a variety of diverse and attractive end markets, resulting in a stable customer base that consists of notable blue-chip companies and a high rate of recurring revenue throughout its 61-year history.

Aug 30, 2021 08:00 am ET

Synalloy Appoints Aaron Tam as Chief Financial Officer

Aug 24, 2021 01:30 pm ET

10th Annual Gateway Conference to Virtually Showcase Leading Companies on September 8-9, 2021

Executives from a Range of Industries to Present to 500+ Investors and Analysts

Aug 09, 2021 04:05 pm ET

Synalloy Reports Strong Second Quarter 2021 Results

Jul 26, 2021 08:30 am ET

Synalloy Corporation Sets Second Quarter 2021 Earnings Conference Call for August 9, 2021 at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, will hold a conference call on Monday, August 9, 2021 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2021. The results will be reported in a press release prior to the conference call.

Jul 06, 2021 08:00 am ET

Synalloy Appoints Doug Tackett as Chief Legal Officer

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has appointed Doug Tackett as chief legal officer. In this role, Tackett will serve as in-house legal advisor to the Company’s executive team and board of directors on all legal matters related to the Company.

May 17, 2021 08:30 am ET

Synalloy Appoints David Kuzy as Executive Vice President of Synalloy Chemicals

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has appointed David Kuzy as executive vice president to lead the Company’s chemicals segment, effective today. With this appointment, all of Synalloy’s chemicals subsidiaries will report directly to Kuzy.

May 10, 2021 04:05 pm ET

Synalloy Reports First Quarter 2021 Results

Apr 26, 2021 08:30 am ET

Synalloy Corporation Sets First Quarter 2021 Earnings Conference Call for May 10, 2021 at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, will hold a conference call on Monday, May 10, 2021 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2021. The results will be reported in a press release prior to the conference call.

Apr 23, 2021 01:58 pm ET

INSERTING and REPLACING Synalloy Appoints Tim Lynch as Executive Vice President of Synalloy Metals

Insert after the sixth paragraph of the release dated April 12, 2021: As a material inducement to accept the Company’s offer of employment in accordance with Nasdaq Listing Rule 5635(c)(4), Lynch was granted 15,228 shares of the Company’s common stock, subject to one-sixth of the shares vesting on each of the first, second and third anniversaries of the grant date and the other one-half of the shares vesting when the 30-day volume weighted average price of the Company’s stock reaches $14.50 per share.

Apr 12, 2021 09:00 am ET

Synalloy Appoints Tim Lynch as Executive Vice President of Synalloy Metals

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of piping, tubing and specialty chemicals, has appointed Tim Lynch as executive vice president to lead the Company’s metals segment, effective today. With this appointment, all of Synalloy’s metals subsidiaries will report directly to Lynch.

Mar 09, 2021 04:05 pm ET

Synalloy Reports Fourth Quarter and Full Year 2020 Results

Feb 23, 2021 04:05 pm ET

Synalloy Corporation Sets Fourth Quarter and Full Year 2020 Earnings Conference Call for March 9, 2021 at 5:00 p.m. ET

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of pipe, tube and specialty chemicals, will hold a conference call on Tuesday, March 9, 2021 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2020. The results will be reported in a press release prior to the conference call.

Jan 19, 2021 08:00 am ET

Synalloy Signs New Revolving Credit Facility

Synalloy Corporation (NASDAQ:SYNL) (“Synalloy” or the “Company”) today announced that it has entered into a new, four-year revolving credit facility that provides up to $150 million of borrowing capacity.

Nov 09, 2020 07:30 am ET

Synalloy Reports Third Quarter 2020 Results

Synalloy Corporation (Nasdaq: SYNL), today announced its results for the third quarter of 2020. Net sales for the third quarter of 2020 totaled $59.3 million. This represents a decrease of $14.4 million or 19.5% when compared to net sales for the third quarter of 2019. Net sales for the first nine months of 2020 were $200.1 million, a decrease of $37.1 million or 15.6% from net sales for the first nine months of 2019. Excluding the curtailed Palmer operations, sales in the third quarter were $58.7 million, down 13.7% from the third quarter of 2019 and net sales for the first nine months of 202

Nov 03, 2020 05:47 pm ET

Synalloy Announces Third Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq: SYNL) plans to announce its third quarter 2020 earnings results in a press release that will be issued before the market opens on Monday, November 9, 2020. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM EDT to discuss the earnings results. Interested parties may listen to this discussion by calling 1 (877) 303-6648; Conference ID code 4682214. The conference call will be webcast live through Synalloy's website at

Oct 27, 2020 09:00 am ET

Synalloy Announces Retirement of Craig Bram and Appointment of Chris Hutter as Interim CEO

Synalloy Corporation (NASDAQ: SYNL) today announced that Craig Bram will retire as President and Chief Executive Officer and as a member of the Synalloy’s Board of Directors, effective as of the filing of the Company third quarter Form 10-Q, currently expected to be on November 9, 2020.

Sep 03, 2020 07:30 am ET

Synalloy Reports Second Quarter 2020 Results

Synalloy Corporation (Nasdaq: SYNL), today announced its results for the second quarter of 2020. On June 30, 2020, management and the Board of Directors committed to and approved a plan to pursue a sale and exit of its Palmer Tanks of Texas, Inc. business and is actively marketing the sale of the assets.

Sep 01, 2020 05:16 pm ET

Synalloy Announces Second Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq: SYNL) plans to announce its second quarter 2020 earnings results in a press release that will be issued before the market opens on Thursday, September 3, 2020. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM EDT to discuss the earnings results. Interested parties may listen to this discussion by calling 1 (877) 303-6648; Conference ID code 9546188. The conference call will be webcast live through Synalloy's website at

Aug 26, 2020 08:00 am ET

Synalloy Corporation Receives Nasdaq Notification of Non-Compliance Related to Previously Announced Delayed Filing of Quarterly Report on Form 10-Q

Synalloy Corporation (Nasdaq: SYNL) (the “Company”), announced today that, as expected, it received a standard notification letter dated August 20, 2020, from Nasdaq stating that, as a result of not having timely filed its quarterly report on Form 10-Q for the period ended June 30, 2020, the Company no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission (the “SEC”).

Jun 30, 2020 05:30 pm ET

Privet Fund and UPG Enterprises Announce the Election of Three Nominees to Synalloy’s Board of Directors Based on Preliminary Meeting Results

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today commented on the preliminary results of the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”). Based on preliminary voting results provided by their proxy solicitor, Saratoga Proxy Consulting LLC, Privet and UPG have sufficient v

Jun 30, 2020 04:05 pm ET

Synalloy Announces Preliminary Voting Results from 2020 Annual Meeting of Shareholders

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today announced preliminary voting results from its 2020 Annual Meeting of Shareholders (the “Annual Meeting”), held Tuesday, June 30, 2020. Based on preliminary results, the Company expects that shareholders have voted to elect five incumbent directors and three directors nominated by two of Synalloy’s shareholders, Privet Fund Management LLC (“Privet”) and UPG Enterprises LLC (“UPG”), to serve on Synalloy’s Board of Directors (the “Board”).

Jun 29, 2020 11:25 am ET

Privet Fund and UPG Enterprises Believe Synalloy’s Last-Minute Governance Maneuver Reinforces the Need for the Substantial Change Offered on the WHITE Proxy Card

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today commented on Synalloy’s eleventh-hour rescindment of the limited duration stockholder rights plan unanimously authorized by its eight-member Board of Directors (the “Board”) roughly three months ago. As a reminder, Privet and UPG have nominated fiv

Jun 26, 2020 09:45 am ET

Privet Fund and UPG Enterprises Issue Letter to Stockholders Reinforcing the Need to Reconstitute a Majority of the Board at Synalloy’s Annual Meeting

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today issued the below open letter in connection with its nomination of five highly-qualified and independent candidates – Andee Harris, Chris Hutter, Aldo Mazzaferro, Ben Rosenzweig and John Schauerman – for election to Synalloy’s Board of Directors at

Jun 26, 2020 08:16 am ET

Privet Fund and UPG Enterprises Issue Letter to Stockholders Reinforcing the Need to Reconstitute a Majority of the Board at Synalloy’s Annual Meeting

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today issued the below open letter in connection with its nomination of five highly-qualified and independent candidates – Andee Harris, Chris Hutter, Aldo Mazzaferro, Ben Rosenzweig and John Schauerman – for election to Synalloy’s Board of Directors at

Jun 24, 2020 07:30 am ET

Synalloy Issues Letter to Shareholders Recommending Shareholders Vote on Synalloy’s BLUE Proxy Card

In the letter, Synalloy welcomes the recommendations of independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. LLC (“Glass Lewis”), both of whom concluded that shareholders should vote on management’s BLUE proxy card. If shareholders follow the recommendations of these firms and the Board, Synalloy will have a Board that consists of five incumbent directors and three directors nominated by two of Synalloy’s shareholders, Privet Fund Management LLC and UPG Enterprises LLC (“Privet” and “UPG,” and together, the “Dissident Group”). This mixed Board

Jun 23, 2020 05:30 pm ET

Privet Fund and UPG Enterprises Clarify Synalloy’s Deliberately Misleading Communications

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today sought to address the confusion created by the deliberately misleading communications that Synalloy has been disseminating to stockholders ahead of the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) scheduled to be held on June 30, 2020

Jun 23, 2020 07:30 am ET

Leading Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Synalloy Shareholders Vote on Synalloy’s BLUE Proxy Card

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today welcomed independent proxy advisory firm Glass, Lewis & Co. LLC’s (“Glass Lewis”) recommendation that Synalloy’s shareholders vote on Synalloy’s BLUE proxy card to support the election of five incumbent directors and three new directors selected by Privet Fund Management (“Privet”) and UPG Enterprises (“UPG”) (the “Blue Card Compromise”).

Jun 22, 2020 08:10 pm ET

Leading Proxy Advisory Firm ISS Recommends Synalloy Shareholders Vote on Management’s BLUE Proxy Card

In its revised recommendation issued on June 22, 2020, ISS further indicated its belief that Privet Fund Management LLC and UPG Enterprises LLC (“Privet” and “UPG,” and together, the “Dissident Group”) have not made a strong case for a change in the majority of the Board of Directors (the “Board”) and instead should be granted proportional representation on the Board.

Jun 19, 2020 02:13 pm ET

Synalloy Announces Notice Of Change In Location Of The Annual Meeting To A Virtual-Only Meeting Format

Synalloy (Nasdaq: SYNL) (“Synalloy” or the “Company”), today issued a letter to shareholders to notify them that the location and format of the upcoming 2020 Annual Meeting of Shareholders (the “Annual Meeting”) has changed.

Jun 19, 2020 07:32 am ET

Synalloy Responds to Misleading Press Release from Privet and UPG

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today reiterated that it intends to cumulate votes for just five of its nominees at this year’s Annual Meeting of Shareholders, allowing three of the candidates nominated by Privet Fund Management LLC and UPG Enterprises LLC (“Privet” and “UPG,” and together, the “Dissident Group”) to be elected at the Annual Meeting of Shareholders to fill the remaining seats on Synalloy’s eight-person Board of Directors (the “Board”).

Jun 18, 2020 08:15 am ET

Privet Fund and UPG Enterprises Comment on Synalloy’s Eleventh Hour Entrenchment Maneuver to Deter Stockholders from Voting on the WHITE Proxy Card

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today commented on Synalloy’s disingenuous and misleading statement to add three of the Stockholder Group’s nominees to the Board of Directors (the “Board”) at the Annual Meeting of Stockholders (the “Annual Meeting”) scheduled to be held on June 30, 202

Jun 17, 2020 05:54 pm ET

Synalloy Announces Commitment to Appointing Three Shareholder Representatives to the Board of Directors

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today announced that the Board of Directors (the “Board”) has committed to appointing three nominees of Privet Fund Management LLC (“Privet”) and UPG Enterprises LLC (“UPG”) to its Board following the 2020 Annual Meeting of Shareholders, regardless of the outcome of the shareholder vote.

Jun 17, 2020 08:03 am ET

Synalloy Issues Statement Responding to ISS Report

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today commented on a June 16, 2020 report from Institutional Shareholder Services (“ISS”) concerning the upcoming 2020 Annual Meeting of Shareholders. Synalloy welcomes ISS’s acknowledgement of the Company’s outperformance and the benefits of maintaining a majority of the incumbent directors.

Jun 17, 2020 07:00 am ET

ISS Recommends Synalloy Stockholders Vote for Change on Privet and UPG’s WHITE Proxy Card

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy voting advisory firm, has recommended that stockholders vote on Privet and UPG’s WHITE Proxy Card at Synalloy’s 2020 Ann

Jun 10, 2020 04:28 pm ET

Synalloy’s Board Highlights Synalloy’s Strong Performance and Encourages Shareholders to Vote for the Incumbent Directors

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today issued a letter to shareholders highlighting three key reasons why the Company’s shareholders should back the incumbent directors at the 2020 Annual Meeting of Shareholders:

Jun 09, 2020 03:00 pm ET

Privet Fund and UPG Enterprises Send Letter to Stockholders to Expose the Web of Undisclosed Conflicts and Governance Lapses at Synalloy

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today sent a letter to stockholders in connection with their nomination of five highly-qualified candidates for election to the Company’s eight-member Board of Directors at Synalloy’s upcoming 2020 Annual Meeting of Stockholders scheduled to be held on June 30, 2020. Our letter hi

Jun 09, 2020 10:07 am ET

Synalloy Troubled by Privet’s and UPG’s Patently False Claims Regarding Nominee Chris Hutter’s Biography and Misrepresentations in Privet’s and UPG’s Proxy Statement

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today expressed its concern about false and materially misleading statements made by Privet Fund Management LLC and UPG Enterprises LLC (“Privet” and “UPG,” and together, the “Dissident Group”) regarding their nominee Christopher Hutter’s professional career.

Jun 04, 2020 08:00 am ET

Synalloy Issues Investor Presentation Highlighting Plan to Create Value for All Shareholders

Synalloy encourages shareholders to read the investor presentation, as well as its proxy materials and shareholder letters, and learn how to vote the BLUE proxy card for Synalloy’s experienced directors. These communications can be found on the Company’s Investor Relations website, here:

Jun 03, 2020 09:15 am ET

Privet Fund and UPG Enterprises Release Comprehensive Presentation Detailing Their Strategic Plan for a Stronger Synalloy

May 28, 2020 12:00 pm ET

UPG Enterprises Co-Founder Chris Hutter Issues Open Letter to Synalloy Employees and Stakeholders Regarding the Path to a Brighter Future

UPG Enterprises LLC (“UPG” or “we”), a strategic operator of a diverse set of industrial companies focused on metals, manufacturing, distribution and logistics, is a sizable stockholder of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the “Company”). UPG and Privet Fund Management LLC (together with its affiliates, "Privet" and collectively with UPG, the “Stockholder Group”) collectively own approximately 24.9% of the outstanding common stock of Synalloy. The Stockholder Group has nominated five highly-qualified nominees for election to the Company’s eight-member Board of Directors (the “

May 26, 2020 08:00 am ET

Privet Fund and UPG Enterprises Send Letter to Synalloy Stockholders Exposing the Wasteful Misinformation Campaign Being Waged by the Company’s Board of Directors

May 19, 2020 08:00 am ET

Synalloy Sends Letter to Shareholders Dismantling Dissident Group’s “Plan”

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today issued a letter to shareholders unpacking the poorly-sourced hypotheticals outlined by Privet Fund Management LLC and UPG Enterprises LLC (“Privet” and “UPG,” and together, the “Dissident Group”) in their recently distributed plan for the business, and highlighting the many areas where Synalloy is already executing the dissidents’ “fresh” ideas as the Board of Directors (the “Board”) and management team of Synalloy advance the Company’s considered, balanced strategic plan and work to deliver long-term value to shareholders

May 12, 2020 08:00 am ET

Privet Fund and UPG Enterprises Send Letter to Synalloy Stockholders Outlining Their Strategic Plan for Long-Term Value Creation

May 05, 2020 07:30 am ET

Synalloy Reports First Quarter 2020 Results

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the first quarter of 2020 of $74.7 million. This represents a decrease of $10.1 million or 11.9% when compared to net sales for the first quarter of 2019.

Apr 30, 2020 08:46 am ET

Synalloy Sends Letter to Shareholders Setting the Record Straight

Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today issued a letter to shareholders examining the lack of qualifications of the nominees that Privet Fund Management LLC (“Privet”) and UPG Enterprises LLC (“UPG”) included on their dissident slate, and clarifying that Synalloy’s management team and incumbent nominees outmatch the dissident slate in qualifications, possessing extensive experience and expertise in all relevant skillsets. The letter also highlights the proactive steps taken by the Board of Directors (the “Board”) and management team of Synalloy to maximize value

Apr 27, 2020 04:00 pm ET

Privet Fund and UPG Enterprises Issue Letter to Synalloy Stakeholders Regarding the Significant Opportunities Associated with Better Leadership

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today issued the following open letter to Synalloy’s customers, employees and stockholders in connection with their nomination of five highly-qualified candidates for election to the Company’s eight-member Board of Directors (the “Board”) at the Company’s upcoming 2020 annual meet

Apr 27, 2020 01:30 pm ET

Synalloy Announces First Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its first quarter 2020 earnings results in a press release that will be issued before the market opens on Tuesday, May 5, 2020. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM ET to discuss the earnings results. Interested parties may listen to this discussion by calling 1(877) 303-6648; Conference ID code 8772837. The conference call will be webcast live through Synalloy's website at

Apr 15, 2020 08:00 am ET

Synalloy Files Definitive Proxy Statement and Sends Letter to Shareholders

The Board of Directors (the “Board”) of Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today filed its definitive proxy statement and issued a letter to shareholders.

Apr 13, 2020 08:00 am ET

Privet Fund Management and UPG Enterprises Send Letter to Stockholders Regarding the Need for Urgent Change at Synalloy’s 2020 Annual Meeting

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (“UPG”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), have filed a definiti

Apr 06, 2020 08:00 am ET

Synalloy Urges Shareholders to Discard any Proxy Materials from Privet Fund/UPG Enterprises

The Board of Directors (“the Board”) of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the “Company”) today reminded shareholders to take no action in response to Privet Fund Management LLC (“Privet”) and UPG Enterprises, LLC (“UPG”), and to discard any proxy material that Privet and UPG may provide for the 2020 Annual Meeting of Shareholders (the “Annual Meeting”).

Apr 03, 2020 11:30 am ET

Privet Fund Management and UPG Enterprises Comment on Synalloy’s Alarmingly Irresponsible Strategic Review Announcement

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the “Stockholder Group” or “we” or “us”), which collectively own approximately 24.8% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today issued the below statement in response to the April 2nd press release issued by the Company’s Board of Directors (the “Board”) that announced a potential future review of strategic alternatives and mischaracterized a settlement proposal

Apr 03, 2020 09:35 am ET

Privet Fund Management and UPG Enterprises Comment on Synalloy’s Alarmingly Irresponsible Strategic Review Announcement

Apr 02, 2020 05:29 pm ET

Synalloy Commits to Review of Strategic Alternatives After Market and Global Health Pandemic Stabilization

The Board of Directors (the “Board”) of Synalloy Corporation (Nasdaq: SYNL) (the “Company”) today announced its commitment to engage a leading independent financial advisor to conduct a comprehensive review of strategic alternatives once there is stabilization from the current market volatility and macroeconomic disruption related to the global health pandemic caused by COVID-19.

Apr 02, 2020 09:19 am ET

Synalloy’s First Quarter Metal Shipments and Bookings Up Over Last Year; Chemical Sales also Exceed Prior Year

Synalloy Corporation (Nasdaq: SYNL) announced today that first quarter shipments for the Metals Segment (excluding Palmer of Texas) were up 3.6% on a pounds basis over last year. Bookings and backlogs were up from 2019 levels by approximately 30% on a pounds basis and 19% on a dollars basis. Specialty Chemical Segment shipments were down 7% on a pounds basis, but total revenues were up approximately 2.6% on a dollars basis, resulting from a favorable product mix shift to more value added contract manufactured products. “Synalloy’s operating units are included in the list of critical infrastruc

Apr 01, 2020 04:15 pm ET

Synalloy Corporation Adopts Limited Duration Shareholder Rights Plan

Synalloy Corporation (“Synalloy” or the “Company”) announced today that its Board of Directors unanimously authorized the adoption of a limited duration shareholder rights plan. The rights will be issued to shareholders of record on April 10, 2020 and will expire on March 31, 2021, or later if the Board of Directors approves an extension prior to expiration and the extension is submitted to the shareholders for ratification at the Company’s next annual meeting.

Mar 24, 2020 08:00 am ET

Synalloy Confirms Receipt of Nomination Notice from Privet Fund and UPG Enterprises

Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the “Company”) announced today that it received notice that Privet Fund Management LLC (“Privet”) and UPG Enterprises, LLC (“UPG”) intend to nominate a slate of five director designees for election to the Company’s Board of Directors (the “Board”) to replace a majority of the Board at the 2020 annual meeting of shareholders (the “2020 Annual Meeting”).

Mar 18, 2020 04:15 pm ET

Privet Fund Management and UPG Enterprises Nominate Five Highly-Qualified Candidates for Election to Synalloy’s Board of Directors

Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG”), which have joined together as a formal group and collectively own approximately 24.8% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today sent a letter to stockholders of the Company announcing their decision to nominate a slate of five highly-qualified candidates, Andee Harris, Christopher Hutter, Aldo Mazzaferro, Benjamin Rosenzweig and John P. Schauerman, for election to Synalloy’s Board of Directors at the

Mar 06, 2020 07:00 am ET

Synalloy Reports Fourth Quarter 2019 Results

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the fourth quarter of 2019 of $67.9 million. This represents a decrease of $4.7 million or 6.5% when compared to net sales for the fourth quarter of 2018. Excluding net sales of ASTI, net sales for the fourth quarter of 2019 decreased $12.7 million, or 17.4% compared to net sales for the fourth quarter of 2018. Net sales for the full year 2019 were $305.2 million, an increase of $24.3 million or 8.7% from the full year 2018. Excluding net sales of ASTI (for the 12 months ended December 31, 2019) and Munhall-Galvanized (for the

Feb 25, 2020 02:00 pm ET

Synalloy Announces Fourth Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its fourth quarter 2019 earnings results in a press release that will be issued before the market opens on Friday, March 6, 2020. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM ET to discuss the earnings results. Interested parties may listen to this discussion by calling 1(877) 303-6648; Conference ID code 5071559. The conference call will be webcast live through Synalloy's website at

Nov 22, 2019 01:00 pm ET

Synalloy Corporation Announces No Annual Dividend for 2019

Synalloy Corporation announces that its Board of Directors has decided not to make an annual dividend payment for 2019. The Company’s financial performance in 2019 is well below plan, with a projected operating loss for the entire year. In...

Nov 12, 2019 07:00 am ET

Synalloy Reports Third Quarter 2019 Results

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the third quarter of 2019 of $73.6 million. This represents a decrease of $4.2 million or 5.3% when compared to net sales for the third quarter of 2018. Excluding net sales of...

Nov 01, 2019 03:00 pm ET

Synalloy Announces Third Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its third quarter 2019 earnings results in a press release that will be issued before the market opens on Tuesday, November 12, 2019. Following the earnings release, Synalloy will conduct a...

Aug 23, 2019 10:00 am ET

Synalloy Announces Rejection of Reduced Offer from Privet Fund Management LLC

Synalloy Corporation (Nasdaq: SYNL) announced today that the Executive Committee of its Board of Directors, acting on behalf and with the unanimous support of the Company’s Board of Directors, after deliberation and careful consultation with its...

Aug 13, 2019 07:00 am ET

Synalloy Reports Second Quarter 2019 Results

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the second quarter of 2019 of $78.8 million. This represents an increase of $6.9 million or 9.6% when compared to net sales for the second quarter of 2018. Excluding net sales of...

Jul 29, 2019 02:42 pm ET

Synalloy Announces Second Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its second quarter 2019 earnings results in a press release that will be issued before the market opens on Tuesday, August 13, 2019. Following the earnings release, Synalloy will conduct a...

Jun 19, 2019 02:15 pm ET

Synalloy Updates Full Year 2019 Guidance

Synalloy Corporation (Nasdaq:SYNL), today announced reduced guidance for the full year 2019 results. Net sales are now expected to total $329 million, down from the previous forecast of $340 million. Adjusted EBITDA for the year is estimated at...

May 29, 2019 12:00 pm ET

Synalloy Announces Rejection of Unchanged Offer from Privet Fund Management LLC

Synalloy Corporation (Nasdaq: SYNL) announced today that the Executive Committee of its Board of Directors, acting on behalf of the Board of Directors, after deliberation and careful consultation with its independent financial and legal advisors,...

Apr 30, 2019 07:30 am ET

Synalloy Reports First Quarter 2019 Results

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the first quarter of 2019 of $84.8 million. This represents an increase of $26.3 million or 45% when compared to net sales for the first quarter of 2018. Excluding the net sales of...

Apr 26, 2019 11:00 am ET

Synalloy Announces Rejection of Unsolicited Offer from Privet Fund Management LLC

Synalloy Corporation (Nasdaq: SYNL) announced today that its Board of Directors, after deliberation and careful consultation with its independent financial and legal advisors, unanimously rejected an unsolicited offer by Privet Fund Management LLC...

Apr 19, 2019 07:45 am ET

New Research: Key Drivers of Growth for Gulfport Energy, Frontdoor, Advanced Emissions Solutions, Synalloy, ASV, and Clearfield — Factors of Influence, Major Initiatives and Sustained Production

In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Gulfport Energy Corporation (NASDAQ:GPOR), Frontdoor, Inc....

Apr 18, 2019 02:00 pm ET

Synalloy Announces First Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its first quarter 2019 earnings results in a press release that will be issued before the market opens on Tuesday, April 30, 2019. Following the earnings release, Synalloy will conduct a...

Mar 05, 2019 07:30 am ET

Synalloy Reports Fourth Quarter 2018 Results: Record Revenue and Earnings for 2018

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the fourth quarter of 2018 of $72.7 million. This represents an increase of $19.8 million or 38% when compared to net sales for the fourth quarter of 2017. Excluding the impact of...

Mar 01, 2019 05:23 pm ET

Synalloy Announces Fourth Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its fourth quarter 2018 earnings results in a press release that will be issued before the market opens on Tuesday, March 5, 2019. Following the earnings release, Synalloy will conduct a...

Feb 22, 2019 08:00 am ET

Synalloy Announces Board Authorization of Stock Purchase Program

Synalloy Corporation (Nasdaq: SYNL) today announced that its Board of Directors authorized a stock repurchase program under which up to 850,000 shares of its outstanding common stock may be acquired in the open market over the next 24 months at the...

Jan 04, 2019 12:37 pm ET

CORRECTED RELEASE – Synalloy Announces ASTI Closing; Projections for 2018 and 2019

This press release corrects a prior version published on January 3, 2019. This corrected press release includes the Reconciliation of Forecasted 2018 and 2019 Net Income to Adjusted EBITDA table at the bottom of the Press Release. The corrected...

Jan 03, 2019 08:15 am ET

Synalloy Announces ASTI Closing; Projections for 2018 and 2019

Synalloy Corporation is pleased to announce that its wholly-owned subsidiary, ASTI Acquisition, LLC (to be re-named American Stainless Tubing, LLC), completed the acquisition of substantially all of the assets of American Stainless Tubing Inc....

Dec 04, 2018 04:30 pm ET

A Subsidiary of Synalloy Corporation Enters into a Definitive Agreement to Acquire the Assets of American Stainless Tubing, Inc.

Synalloy Corporation (Nasdaq: SYNL) today announced that its wholly-owned subsidiary, ASTI Acquisition, LLC, has signed a definitive agreement to acquire substantially all of the assets of American Stainless Tubing, Inc. (ASTI). The parties expect...

Nov 16, 2018 08:30 am ET

Synalloy Announces Dividend Payment and Termination of the At-the-Market Equity Offering Program

Synalloy Corporation is pleased to announce that its Board of Directors has declared an annual dividend payment of $0.25 per share, payable on December 12, 2018 to holders of record on November 30, 2018. This represents a 92% increase over the...

Nov 15, 2018 08:50 am ET

Investor Expectations to Drive Momentum within McClatchy, Allegiant Travel, TSR, UQM TECHNOLOGIES INC, ASV, and Synalloy — Discovering Underlying Factors of Influence

In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of McClatchy Company (NYSE:MNI), Allegiant Travel Company (NASDAQ:ALGT),...

Nov 06, 2018 07:00 am ET

Synalloy Reports Third Quarter 2018 Results:

Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the third quarter of 2018 of $77.8 million. This represents an increase of $23.2 million or 42% when compared to net sales for the third quarter of 2017. Net sales for the first...

Oct 26, 2018 11:31 am ET

Synalloy Announces Third Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its third quarter 2018 earnings results in a press release that will be issued before the market opens on Tuesday, November 6, 2018. Following the earnings release, Synalloy will conduct a...

Sep 04, 2018 03:24 pm ET

Synalloy’s Bristol Metals Announces Record High Bookings

On the heels of being awarded the largest tubing order in its history, Synalloy is pleased to announce that its subsidiary Bristol Metals, LLC has recorded its single largest stainless-steel bookings month. Bristol Metals booked over $21 million...

Aug 17, 2018 12:30 pm ET

Synalloy’s Bristol Metals Awarded $8 Million in New Business

Synalloy is pleased to announce that its subsidiary Bristol Metals, LLC has been awarded an $8 million-dollar tubing order. This is the single largest order of its type Bristol Metals has received since acquired by Synalloy. The product will be...

Aug 13, 2018 01:41 pm ET

Synalloy Corporation to Participate in the Midwest IDEAS Investor Conference

Synalloy Corporation (Nasdaq:SYNL), a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe and tubing, galvanized pipe and tubing, fiberglass and steel storage tanks,...

Aug 10, 2018 08:30 am ET

Synalloy Announces At-The-Market Offering Program

Synalloy Corporation (Nasdaq:SYNL) (“Synalloy”) announced today that it has filed a prospectus supplement under which it may issue and sell, from time to time, up to an aggregate of $10 million of its common stock (“Common Stock”) under an...

Aug 07, 2018 07:00 am ET

Synalloy Reports Record Second Quarter 2018 Results: Raises 2018 Adjusted EBITDA Guidance and Approves 2018 Dividend at $0.25 per share

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...

Jul 30, 2018 02:39 pm ET

Synalloy Announces Second Quarter Earnings Conference Call

Synalloy Corporation (Nasdaq:SYNL) plans to announce its second quarter 2018 earnings results in a press release that will be issued before the market opens on Tuesday, August 7, 2018. Following the earnings release, Synalloy will conduct a...

Jul 02, 2018 10:00 am ET

Synalloy Corporation Closes on the Purchase of Marcegaglia USA's Galvanized Tube Operations and Refinances its ABL from $65 million to $80 million

Synalloy Corporation (Nasdaq:SYNL) today announced that its subsidiary Bristol Metals, LLC has closed on the purchase of Marcegaglia USA’s galvanized tube operations. The purchase price for the transaction of $10.0 million includes primarily the...

Jun 11, 2018 10:32 am ET

Synalloy to be Added to the Small-cap Russell 2000 Index

Synalloy Corporation (Nasdaq:SYNL) is set to join the broad-market Russell 3000 Index at the conclusion of the Russell US indexes annual reconstitution, effective after the U.S. market opens on June 25, 2018, according to a preliminary list of...

May 29, 2018 12:00 pm ET

Synalloy Executes Agreement to Purchase and Leaseback Munhall Property for $10.0 Million and Announces Planned Agreement to Purchase Marcegaglia’s Galvanized Tube Business for $10.0 Million

Synalloy Corporation (Nasdaq:SYNL) today announced its entrance into a purchase and sale agreement to purchase Marcegaglia’s real property in Munhall, PA for $10.0 million. At or prior to closing, the Company intends to designate title to the...

May 09, 2018 11:23 am ET

Triple Threat: Synalloy Is Well Positioned in both the Metals and Chemicals Sectors and looks to be a likely addition to this year’s Russell 2000

The Wall Street Analyzer recently conducted an interview with Synalloy’s (NASDAQ:SYNL) CEO Craig Bram and CFO Dennis Loughran. During their conversation Synalloy’s management went over recent trends in their metals and chemicals divisions, the...

May 03, 2018 07:30 am ET

Synalloy Reports First Quarter 2018 Results: Record First Quarter Revenue and Net Income

Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the first quarter of 2018 of $58.5 million. This represents an increase of $16.3 million or 39% when compared to net sales for the first quarter of 2017. Excluding the impact from...

Apr 26, 2018 03:35 pm ET

Synalloy Announces First Quarter Earnings Conference Call

RICHMOND, Va., April 26, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) plans to announce its first quarter 2018 earnings results in a press release that will be issued before the market opens on Thursday, May 3, 2018. Following...

Apr 23, 2018 02:00 pm ET

Synalloy’s Specialty Chemicals Group Awarded $7 Million in New Business

RICHMOND, Va., April 23, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), is pleased to announce that its Specialty Chemicals Group has been selected by a global chemical company to manufacture a product line for the construction market. The...

Apr 10, 2018 09:00 am ET

Synalloy Updates Full Year 2018 Guidance

RICHMOND, Va., April 10, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced improved guidance for full year 2018 results, with expected net sales of between $240 and $245 million and net income of between $13.6 and $15.2...

Mar 13, 2018 07:30 am ET

Synalloy Reports Fourth Quarter 2017 Results: Record Revenue for 2017 - Fourth Quarter Revenue and Profits Continue Upward Momentum

RICHMOND, Va., March 13, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the fourth quarter of 2017 of $52.8 million. This represents an increase of $19.8 million or 60% when compared to net sales...

Mar 12, 2018 12:56 pm ET

Synalloy Corporation CEO Participates in Podcast

RICHMOND, Va., March 12, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation’s President and CEO, Craig Bram was a guest on the podcast series, The FarrCast: Wealth Strategies & Investing Advice For You, that aired on Tuesday, March 6, 2018....

Mar 01, 2018 03:42 pm ET

Synalloy Announces Fourth Quarter Earnings Conference Call

RICHMOND, Va., March 01, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) plans to announce its fourth quarter 2017 earnings results in a press release that will be issued before the market opens on Tuesday, March 13, 2018. Following...

Nov 07, 2017 07:00 am ET

Synalloy Reports Third Quarter 2017 Results: Strengthening Demand Spurs Strong Sales and Profitability Growth

RICHMOND, Va., Nov. 07, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the third quarter of 2017 of $54.6 million. This represents an increase of $20.3 million or 59% when compared to net sales...

Sep 25, 2017 03:08 pm ET

Synalloy Corporation’s Presentation at the Sidoti & Company Fall 2017 Conference to Stream Live

RICHMOND, Va., Sept. 25, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, is pleased to confirm its presentation at the Sidoti & Company Conference on Thursday, September 28, 2017 at the New York Marriott Marquis in New York City, NY, will take place from 9:40-10:10am EDT....

Aug 08, 2017 07:00 am ET

Synalloy Reports Second Quarter 2017 Results: Strong Growth in Net Income and EBITDA

RICHMOND, Va., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the second quarter of 2017 of $51.5 million. This represents an increase of $16.6 million or 48% when compared to net sales for the second quarter of 2016. Net sales for the first six months of 2017 were $93.7 million, an increase of $22.5 million or 32% from 2016....

Jun 29, 2017 04:15 pm ET

Universal Stainless Announces Rejection of Unsolicited Offer From Synalloy Corporation

BRIDGEVILLE, Pa., June 29, 2017 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that its Board of Directors, after deliberation and careful consultation with its independent financial and legal advisors, unanimously rejected an unsolicited offer by Synalloy Corporation (Nasdaq:SYNL) for a proposed business combination. The Universal Stainless Board determined that Synalloy’s unsolicited offer has no merit, either financial or strategic, for the stockholders of Universal Stainless and that it does not see a basis for further discussions with Sy...

Jun 29, 2017 12:18 pm ET

Synalloy Announces Ownership Position in Universal Stainless

RICHMOND, Va., June 29, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) (“Synalloy”) has acquired a 3% ownership position in Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) (“Universal Stainless”) and has presented the Universal Stainless Board of Directors with an initial proposal to merge the two companies. Craig Bram, President and CEO of Synalloy Corporation, said, “We believe that a combination of Synalloy and Universal Stainless offers immediate as well as future value to both shareholder groups. Product lines, distribution channels, end markets served and ge...

May 09, 2017 07:30 am ET

Synalloy Reports First Quarter 2017 Results: Sales Increase Drives a Return to Profitability

RICHMOND, Va., May 09, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the first quarter of 2017 of $42.2 million. This represents an increase of $5.9 million or 16% when compared to net sales for the first quarter of 2016....

May 01, 2017 04:25 pm ET

Synalloy Announces First Quarter Earnings Conference Call

RICHMOND, Va., May 01, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), plans to announce its first quarter 2017 earnings results in a press release that will be issued before the market opens on Tuesday, May 9, 2017. Following the earnings release, Synalloy will conduct a conference call and webcast at 09:00 AM ET to discuss the earnings results. Interested parties may listen to this discussion by calling 1-(877) 303-6648; Conference ID code 17241430. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab....

Apr 03, 2017 01:45 pm ET

Synalloy Corporation Applauds Executive Order on Improved Duty Collection

Order directs CBP to conduct risk assessment and develop plan for AD/CVD Collection;Aims to prevent fraud by importers; fraud has cost billions in duty Collection...

Nov 01, 2016 01:00 pm ET

Synalloy Announces Third Quarter Earnings Conference Call

RICHMOND, Va., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) plans to announce its third quarter 2016 earnings results in a press release that will be issued before the market opens on Tuesday, November 8, 2016. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM EST to discuss the earnings results. Interested parties may listen to this discussion by calling 1 (877) 303-6648; Conference ID code 11714483. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab....

Oct 26, 2016 03:39 pm ET

Synalloy’s Bristol Metals Subsidiary Applauds ITC Injury Vote

RICHMOND, Va., Oct. 26, 2016 (GLOBE NEWSWIRE) -- Yesterday in Washington, D.C. the International Trade Commission (ITC) made a unanimous (6-0) vote that dumped and subsidized imports of welded stainless steel pressure pipe from India materially injured the U.S. industry. This means that duties ranging from 6.22% to 17.3% will be imposed through orders by Customs against all imports from India of this product....

Sep 01, 2016 03:59 pm ET

Synalloy Closes on ABL Credit Facility for $45.0 Million and Signs Purchase and Sale Agreement on Sale-Leaseback for $22.0 Million with Closing Expected October 2016

RICHMOND, Va., Sept. 01, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) today announced the closing of a new asset based (“ABL”) credit facility with its bank, Branch Banking and Trust Company (“BB&T”), and its entrance into a purchase and sale agreement for sale-leaseback of its real estate properties in Tennessee, South Carolina, Texas and Ohio....

Aug 09, 2016 07:00 am ET

Synalloy Reports Second Quarter 2016 Results: Weak Economic Fundamentals Drive Depressed Sales and Profits - Lowered Expectations for Full Year 2016

RICHMOND, Va., Aug. 09, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the second quarter of 2016 of $34.9 million. This represents a decrease of $15.3 million or 30% when compared to net sales for the second quarter of 2015. Net sales for the first six months of 2016 were $71.2 million, down $30.6 million or 30% from 2015....

Aug 01, 2016 01:00 pm ET

Synalloy Announces Second Quarter Earnings Conference Call

RICHMOND, Va., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) plans to announce its second quarter 2016 earnings results in a press release that will be issued before the market opens on Tuesday, August 9, 2016. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM EDT to discuss the earnings results. Interested parties may listen to this discussion by calling 1 (877) 303-6648; Conference ID code 59714842. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations t...

May 09, 2016 07:00 am ET

Synalloy Reports First Quarter 2016 Results: Continued Negative Impact from Oil & Gas Industry Declines and Nickel Metal Pricing

RICHMOND, Va., May 09, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), today announced net sales for the first quarter of 2016 of $36.3 million. This represents a decrease of $15.3 million or 30% when compared to net sales for the first quarter of 2015....

May 02, 2016 02:00 pm ET

Synalloy Announces First Quarter Earnings Conference Call

RICHMOND, Va., May 02, 2016 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), plans to announce its first quarter 2016 earnings results in a press release that will be issued before the market opens on Monday, May 9, 2016. Following the earnings release, Synalloy will conduct a conference call and webcast at 9:00 AM EDT to discuss the earnings results. Interested parties may listen to this discussion by calling 1 (877) 303-6648; Conference ID code 1689514. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab....

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