Synalloy: Q2 Earnings Snapshot

RICHMOND, Va. (AP) _ Synalloy Corp. (SYNL) on Monday reported second-quarter net income of $2.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Richmond, Virginia-based company said it had net income of 31 cents.

The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $83.1 million in the period.

Synalloy shares have risen 29% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.10, an increase of 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYNL at https://www.zacks.com/ap/SYNL

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