Synalloy Corp (SYNL) 15.78 $SYNL
Synalloy Delivers Revised Indication of Interest to The Eastern Company
GlobeNewswire - Wed Feb 11, 9:56AM CST
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, announced that on February 3, 2015, Synalloy's President and CEO, Craig Bram, delivered an overnight letter to Eastern's Chairman and CEO, Leonard Leganza. In the letter, Bram requested for a second time, the opportunity to meet with Leganza to discuss the possible combination of their respective companies. Synalloy also revised upward its valuation of Eastern from its initial indication of $19.12 per share to $21.00 per share.
SYNL: 15.78 (+0.51)
Synalloy [SYNL] CEO Craig Bram on Q4 2014 Earnings Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Mon Feb 09, 12:18PM CST
SYNL: 15.78 (+0.51)
Synalloy posts 4Q profit
Automated Insights - Mon Feb 09, 7:30AM CST
SPARTANBURG, S.C. (AP) _ Synalloy Corp. (SYNL) on Monday reported fourth-quarter net income of $2 million, after reporting a loss in the same period a year earlier.
SYNL: 15.78 (+0.51)
Synalloy beats by $0.01, misses on revenue
Seeking Alpha - at Seeking Alpha - Mon Feb 09, 7:11AM CST
SYNL: 15.78 (+0.51)
Synalloy Reports Substantial Gains in Profits From Continuing Operations for Both the Fourth Quarter and Year of 2014
GlobeNewswire - Mon Feb 09, 7:06AM CST
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 along with the distribution of seamless carbon pipe, announces that the fourth quarter of 2014 produced net sales from continuing operations of $48,569,000, an increase of $2,167,000 or 5% when compared to net sales from continuing operations for the fourth quarter of 2013 of $46,402,000. Net sales from continuing operations for the entire year of 2014 were $199,505,000 which was $2,754,000 or 1% higher than the same period of the prior year of $196,751,000. For the fourth quarter of 2014 the Company recorded net earnings from continuing operations of $1,409,000, or $0.16 per share compared to a net loss from continuing operations of $1,097,000, or a loss of $0.13 per share for the same quarter in the prior year. Net earnings from continuing operations for 2014 amounted to $12,619,000, or $1.45 per share, which represents an increase of 335% when compared to net earnings from continuing operations of $2,898,000, or $0.42 per share, for 2013. The Company's fiscal year is the 52 or 53 week period ending on the Saturday nearest to December 31. The fourth quarter and fiscal year of 2014 contained 14 weeks and 53 weeks, respectively, compared to the 13 week and 52 week periods for the prior year. As a result of the Company's common stock offering in September 2013, an additional 2,300,000 shares were sold and therefore are included in the weighted average share calculation for the fourth quarter and entire year of 2014. These additional shares have a dilutive effect when comparing all "per share" calculations for the entire year of 2014 with the same period of the prior year.
SYNL: 15.78 (+0.51)
Synalloy Announces Fourth Quarter Earnings Conference Call
GlobeNewswire - Mon Feb 02, 9:06AM CST
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, plans to announce its fourth quarter 2014 earnings results in a press release that will be issued before the market opens on Monday, February 9, 2015. Following the earnings release, Synalloy will conduct a conference call and webcast at 10:00AM ET to discuss the earnings results. Interested parties may listen to this discussion by calling 1-(877) 303-6648; Conference ID code 79599907. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab.
SYNL: 15.78 (+0.51)
Weakness Seen in MRC Global (MRC) Estimates: Should You Stay Away? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Jan 29, 7:48AM CST
It may not be a good decision to keep MRC Global (MRC) in your portfolio anymore, at least if you don’t have a long time horizon to wait
MRC: 13.24 (+0.06), SYNL: 15.78 (+0.51)
Eastern Co. rejects bid from Synalloy
Seeking Alpha - at Seeking Alpha - Thu Jan 15, 8:07AM CST
EML: 20.17 (-0.02), SYNL: 15.78 (+0.51)
Eastern Company's board reveals unsolicited proposal from Synalloy Corpotation
M2 - Thu Jan 15, 6:57AM CST
The Eastern Company (NASDAQ:EML), a manufacturer of industrial hardware, security products and metal castings, disclosed on Thursday that it recently received a letter from Synalloy Corporation (NASDAQ-SYNL) expressing its interest to acquire the company.
EML: 20.17 (-0.02), SYNL: 15.78 (+0.51)
The Board of Directors of The Eastern Company Respond to Unsolicited Proposal
Business Wire - Wed Jan 14, 3:10PM CST
The Eastern Company (NASDAQ-EML) (the "Company"
recently received a letter from Synalloy Corporation (NASDAQ-SYNL) expressing the interest of Synalloy in the possible acquisition of the Company for $6.69 per share in cash and approximately $12.43 in shares of Synalloy common stock.
EML: 20.17 (-0.02), SYNL: 15.78 (+0.51)
Valmont Industries (VMI) Falls: Stock Goes Down 5.4% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 14, 7:57AM CST
Valmont Industries' shares fell over 5% continuing the downtrend as the stock is down 9% since Dec 29.
VMI: 124.24 (+1.02), SYNL: 15.78 (+0.51)
Valmont Cuts FY14 Earnings View on Irrigation Weakness - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 13, 12:50PM CST
Valmont Industries (VMI) has reduced its earnings guidance for 2014 citing decreased demand for irrigation equipment in the fourth quarter.
FSTR: 49.21 (+0.06), VMI: 124.24 (+1.02), SYNL: 15.78 (+0.51), MWA: 9.19 (+0.09)
Shiloh Industries Fiscal 2014 Earnings Increase Y/Y - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 13, 8:00AM CST
Shiloh Industries Inc's (SHLO) earnings for fiscal 2014 (ended Oct 31) came in at $1.30 per share, up compared with $1.27 earned in fiscal 2013. Net revenue increased 25.5% to $878.7 million.
FSTR: 49.21 (+0.06), MTL: 1.48 (+0.14), SHLO: 13.17 (+0.05), SYNL: 15.78 (+0.51)
U.S. Steel (X) Downgraded to Sell on Oil Price Concern - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jan 09, 4:25PM CST
On Jan 8, Zacks Investment Research downgraded U.S. Steel Corp. (X) to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold).
FSTR: 49.21 (+0.06), MTL: 1.48 (+0.14), SYNL: 15.78 (+0.51), X: 26.36 (+1.12)
Synalloy Corporation Delivers Non-Binding Preliminary Indication of Interest to The Eastern Company
GlobeNewswire - Fri Jan 09, 12:35PM CST
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, announced today that it delivered a non-binding preliminary indication of interest (the "Indication of Interest" to The Eastern Company ("Eastern" .
SYNL: 15.78 (+0.51)
Valmont (VMI) Downgraded to Sell on Near-term Headwinds - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 08, 3:10PM CST
Zacks Investment Research has downgraded Valmont Industries (VMI) to a Zacks Rank #4 (Sell).
FSTR: 49.21 (+0.06), VMI: 124.24 (+1.02), SYNL: 15.78 (+0.51), MWA: 9.19 (+0.09)
Mechel (MTL) Poised to Gain From Elga Coal Expansion - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 05, 11:30AM CST
We have issued an updated research report on mining and steel company Mechel OAO (MTL).
CRS: 42.01 (+0.81), MTL: 1.48 (+0.14), SYNL: 15.78 (+0.51), MWA: 9.19 (+0.09)
Synalloy Announces the Acquisition of Specialty Pipe & Tube, Inc.
GlobeNewswire - Mon Nov 24, 6:45AM CST
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, is pleased to announce that it has acquired Specialty Pipe & Tube, Inc. ("Specialty" . Specialty is a master distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products. End markets for its products include oil and gas, heavy equipment and other industrial businesses where high-pressure applications are required. Specialty was established in 1964 and has distribution centers in Mineral Ridge, Ohio and Houston, Texas. The company generates approximately $30 million in annual revenue and has fewer than 30 employees. The transaction will be accretive to Synalloy's earnings in the first year following the closing. BB&T Capital Markets served as the exclusive financial advisor to Specialty.
SYNL: 15.78 (+0.51)
Synalloy Announces Conference Call
GlobeNewswire - Wed Nov 19, 12:01PM CST
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, plans to conduct a conference call and webcast at 10:00AM ET on Monday, November 24, 2014 to discuss several strategic initiatives and provide its 2015 forecast. Interested parties may listen to this discussion by calling 1-(877) 303-6648; Conference ID code 38815884. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab.
SYNL: 15.78 (+0.51)
Synalloy Delivers Revised Indication of Interest to The Eastern Company
GlobeNewswire - Wed Feb 11, 9:56AM CST
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, announced that on February 3, 2015, Synalloy's President and CEO, Craig Bram, delivered an overnight letter to Eastern's Chairman and CEO, Leonard Leganza. In the letter, Bram requested for a second time, the opportunity to meet with Leganza to discuss the possible combination of their respective companies. Synalloy also revised upward its valuation of Eastern from its initial indication of $19.12 per share to $21.00 per share.
SYNL: 15.78 (+0.51)
Synalloy [SYNL] CEO Craig Bram on Q4 2014 Earnings Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Mon Feb 09, 12:18PM CST
SYNL: 15.78 (+0.51)
Synalloy posts 4Q profit
Automated Insights - Mon Feb 09, 7:30AM CST
SPARTANBURG, S.C. (AP) _ Synalloy Corp. (SYNL) on Monday reported fourth-quarter net income of $2 million, after reporting a loss in the same period a year earlier.
SYNL: 15.78 (+0.51)
Synalloy beats by $0.01, misses on revenue
Seeking Alpha - at Seeking Alpha - Mon Feb 09, 7:11AM CST
SYNL: 15.78 (+0.51)
Synalloy Reports Substantial Gains in Profits From Continuing Operations for Both the Fourth Quarter and Year of 2014
GlobeNewswire - Mon Feb 09, 7:06AM CST
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 along with the distribution of seamless carbon pipe, announces that the fourth quarter of 2014 produced net sales from continuing operations of $48,569,000, an increase of $2,167,000 or 5% when compared to net sales from continuing operations for the fourth quarter of 2013 of $46,402,000. Net sales from continuing operations for the entire year of 2014 were $199,505,000 which was $2,754,000 or 1% higher than the same period of the prior year of $196,751,000. For the fourth quarter of 2014 the Company recorded net earnings from continuing operations of $1,409,000, or $0.16 per share compared to a net loss from continuing operations of $1,097,000, or a loss of $0.13 per share for the same quarter in the prior year. Net earnings from continuing operations for 2014 amounted to $12,619,000, or $1.45 per share, which represents an increase of 335% when compared to net earnings from continuing operations of $2,898,000, or $0.42 per share, for 2013. The Company's fiscal year is the 52 or 53 week period ending on the Saturday nearest to December 31. The fourth quarter and fiscal year of 2014 contained 14 weeks and 53 weeks, respectively, compared to the 13 week and 52 week periods for the prior year. As a result of the Company's common stock offering in September 2013, an additional 2,300,000 shares were sold and therefore are included in the weighted average share calculation for the fourth quarter and entire year of 2014. These additional shares have a dilutive effect when comparing all "per share" calculations for the entire year of 2014 with the same period of the prior year.
SYNL: 15.78 (+0.51)
Synalloy Announces Fourth Quarter Earnings Conference Call
GlobeNewswire - Mon Feb 02, 9:06AM CST
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, plans to announce its fourth quarter 2014 earnings results in a press release that will be issued before the market opens on Monday, February 9, 2015. Following the earnings release, Synalloy will conduct a conference call and webcast at 10:00AM ET to discuss the earnings results. Interested parties may listen to this discussion by calling 1-(877) 303-6648; Conference ID code 79599907. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab.
SYNL: 15.78 (+0.51)
Weakness Seen in MRC Global (MRC) Estimates: Should You Stay Away? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Jan 29, 7:48AM CST
It may not be a good decision to keep MRC Global (MRC) in your portfolio anymore, at least if you don’t have a long time horizon to wait
MRC: 13.24 (+0.06), SYNL: 15.78 (+0.51)
Eastern Co. rejects bid from Synalloy
Seeking Alpha - at Seeking Alpha - Thu Jan 15, 8:07AM CST
EML: 20.17 (-0.02), SYNL: 15.78 (+0.51)
Eastern Company's board reveals unsolicited proposal from Synalloy Corpotation
M2 - Thu Jan 15, 6:57AM CST
The Eastern Company (NASDAQ:EML), a manufacturer of industrial hardware, security products and metal castings, disclosed on Thursday that it recently received a letter from Synalloy Corporation (NASDAQ-SYNL) expressing its interest to acquire the company.
EML: 20.17 (-0.02), SYNL: 15.78 (+0.51)
The Board of Directors of The Eastern Company Respond to Unsolicited Proposal
Business Wire - Wed Jan 14, 3:10PM CST
The Eastern Company (NASDAQ-EML) (the "Company"
recently received a letter from Synalloy Corporation (NASDAQ-SYNL) expressing the interest of Synalloy in the possible acquisition of the Company for $6.69 per share in cash and approximately $12.43 in shares of Synalloy common stock. EML: 20.17 (-0.02), SYNL: 15.78 (+0.51)
Valmont Industries (VMI) Falls: Stock Goes Down 5.4% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 14, 7:57AM CST
Valmont Industries' shares fell over 5% continuing the downtrend as the stock is down 9% since Dec 29.
VMI: 124.24 (+1.02), SYNL: 15.78 (+0.51)
Valmont Cuts FY14 Earnings View on Irrigation Weakness - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 13, 12:50PM CST
Valmont Industries (VMI) has reduced its earnings guidance for 2014 citing decreased demand for irrigation equipment in the fourth quarter.
FSTR: 49.21 (+0.06), VMI: 124.24 (+1.02), SYNL: 15.78 (+0.51), MWA: 9.19 (+0.09)
Shiloh Industries Fiscal 2014 Earnings Increase Y/Y - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jan 13, 8:00AM CST
Shiloh Industries Inc's (SHLO) earnings for fiscal 2014 (ended Oct 31) came in at $1.30 per share, up compared with $1.27 earned in fiscal 2013. Net revenue increased 25.5% to $878.7 million.
FSTR: 49.21 (+0.06), MTL: 1.48 (+0.14), SHLO: 13.17 (+0.05), SYNL: 15.78 (+0.51)
U.S. Steel (X) Downgraded to Sell on Oil Price Concern - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jan 09, 4:25PM CST
On Jan 8, Zacks Investment Research downgraded U.S. Steel Corp. (X) to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold).
FSTR: 49.21 (+0.06), MTL: 1.48 (+0.14), SYNL: 15.78 (+0.51), X: 26.36 (+1.12)
Synalloy Corporation Delivers Non-Binding Preliminary Indication of Interest to The Eastern Company
GlobeNewswire - Fri Jan 09, 12:35PM CST
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, announced today that it delivered a non-binding preliminary indication of interest (the "Indication of Interest"
to The Eastern Company ("Eastern" . SYNL: 15.78 (+0.51)
Valmont (VMI) Downgraded to Sell on Near-term Headwinds - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 08, 3:10PM CST
Zacks Investment Research has downgraded Valmont Industries (VMI) to a Zacks Rank #4 (Sell).
FSTR: 49.21 (+0.06), VMI: 124.24 (+1.02), SYNL: 15.78 (+0.51), MWA: 9.19 (+0.09)
Mechel (MTL) Poised to Gain From Elga Coal Expansion - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 05, 11:30AM CST
We have issued an updated research report on mining and steel company Mechel OAO (MTL).
CRS: 42.01 (+0.81), MTL: 1.48 (+0.14), SYNL: 15.78 (+0.51), MWA: 9.19 (+0.09)
Synalloy Announces the Acquisition of Specialty Pipe & Tube, Inc.
GlobeNewswire - Mon Nov 24, 6:45AM CST
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, is pleased to announce that it has acquired Specialty Pipe & Tube, Inc. ("Specialty"
. Specialty is a master distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products. End markets for its products include oil and gas, heavy equipment and other industrial businesses where high-pressure applications are required. Specialty was established in 1964 and has distribution centers in Mineral Ridge, Ohio and Houston, Texas. The company generates approximately $30 million in annual revenue and has fewer than 30 employees. The transaction will be accretive to Synalloy's earnings in the first year following the closing. BB&T Capital Markets served as the exclusive financial advisor to Specialty. SYNL: 15.78 (+0.51)
Synalloy Announces Conference Call
GlobeNewswire - Wed Nov 19, 12:01PM CST
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, plans to conduct a conference call and webcast at 10:00AM ET on Monday, November 24, 2014 to discuss several strategic initiatives and provide its 2015 forecast. Interested parties may listen to this discussion by calling 1-(877) 303-6648; Conference ID code 38815884. The conference call will be webcast live through Synalloy's website at www.synalloy.com under the Investor Relations tab.
SYNL: 15.78 (+0.51)
