Press Releases

RICHMOND, Va. , June 19, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , May 29, 2019 (GLOBE NEWSWIRE) -- 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,

Synalloy Posts Record First Quarter Sales, Reaffirms Fiscal Year 2019 Guidance RICHMOND, Va. , April 30, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , April 26, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , April 18, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , March 05, 2019 (GLOBE NEWSWIRE) -- 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.

RICHMOND, Va. , March 01, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Feb. 22, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Jan. 04, 2019 (GLOBE NEWSWIRE) -- 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.

RICHMOND, Va. , Dec. 04, 2018 (GLOBE NEWSWIRE) -- 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.

RICHMOND, Va. , Nov. 16, 2018 (GLOBE NEWSWIRE) -- 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

Sales and Earnings Continue to Exceed Forecasts RICHMOND, Va. , Nov. 06, 2018 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Oct. 26, 2018 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Sept. 04, 2018 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Aug. 17, 2018 (GLOBE NEWSWIRE) -- 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 .

RICHMOND, Va. , Aug. 13, 2018 (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 and tubing, galvanized pipe and tubing, fiberglass and steel storage tanks,

RICHMOND, Va. , Aug. 10, 2018 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Aug. 07, 2018 (GLOBE NEWSWIRE) -- 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.

RICHMOND, Va. , July 30, 2018 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , July 02, 2018 (GLOBE NEWSWIRE) -- 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