Press Releases

  Examines Privet’s and UPG’s Nominees’ Lack of Qualifications and Their Efforts to Seize Control of the Board and Business of Synalloy Without Paying Shareholders Any Premium Highlights the Proactive Steps Taken by the Board and Management Team of Synalloy to Maximize Value, Including by Exploring

RICHMOND, Va. --(BUSINESS WIRE)--Apr. 27, 2020-- 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

Recommends Shareholders Sign, Date, and Promptly Return the BLUE Proxy Card to Support Synalloy’s Independent, Experienced and Highly Qualified Directors RICHMOND, Va. --(BUSINESS WIRE)--Apr. 15, 2020-- The Board of Directors (the “Board”) of Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the

Synalloy Shareholders Reminded to Look for the Company’s BLUE Proxy Card for the 2020 Annual Meeting of Shareholders RICHMOND, Va. --(BUSINESS WIRE)--Apr. 6, 2020-- The Board of Directors (“the Board”) of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the “Company”) today reminded shareholders

Privet and UPG Continue to Ignore Company Overtures, Including the Board’s Fair & Reasonable Proposal to Avoid Costly and Distracting Proxy Fight Warns Shareholders that Privet’s and UPG’s Hostile Effort to Seize Control Over the Board and Business of Synalloy Offers - at Best - a Speculative Plan

  Suspends Manufacturing Operations at Palmer of Texas RICHMOND, Va. --(BUSINESS WIRE)--Apr. 2, 2020-- 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.

RICHMOND, Va. --(BUSINESS WIRE)--Apr. 1, 2020-- 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

Despite Multiple Unsuccessful Attempts to Acquire the Company, Privet has Been Plotting with UPG to Gain Control Through Board Seats Warns that Privet’s and UPG’s Hostile Board Take Over Attempt Deprives Synalloy Shareholders of a Control Premium Synalloy’s Board Has Made Numerous Efforts Over

RICHMOND, Va. --(BUSINESS WIRE)-- 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.

RICHMOND, Va. --(BUSINESS WIRE)--Feb. 25, 2020-- 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

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

RICHMOND, Va. , Nov. 12, 2019 (GLOBE NEWSWIRE) -- 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

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

RICHMOND, Va. , Aug. 23, 2019 (GLOBE NEWSWIRE) -- 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

RICHMOND, Va. , Aug. 13, 2019 (GLOBE NEWSWIRE) -- 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

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

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