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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.
Insight by ProPricer: During this webinar James Woolsey, the president of the Defense Acquisition University, Frank Kelley, the vice president of the Defense Acquisition University and Michelle Currier, the professor of contract management at the Defense Acquisition University, will discuss the future of DoD contracting, pricing and acquisition. In addition, Michael Weaver, the professor of contract management at ProPricer will provide an industry perspective.
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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