11
May
16:35
Synalloy records first-quarter profit
Specialty chemical and piping producer Synalloy effectively reversed its year-ago losses in the first quarter and returned to profitability, Kallanish learns from the company’s Q1 earnings review.
Synalloy earned $1.1 million on sales of $69.8m in Q1, up from a loss of $1.2m on sales of $74.7m in Q1 2020.
“Despite lingering macroeconomic headwinds resulting from Covid-19 within our end markets in the early part of the quarter, we achieved …
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Very good overview of the weekly steel market.
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