SPARTANBURG, S.C., July 26, 2010 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a producer of stainless steel pipe, fabricator of stainless and carbon steel piping systems, and producer of specialty chemicals, announces that the second quarter of 2010 produced net earnings of $1,078,000, or $0.17 per share, on a 68% sales increase to $36,349,000. This compares to a net loss from continuing operations of $259,000, or $0.04 loss per share, on sales from continuing operations of $21,692,000, in 2009's second quarter. For the six months ended July 3, 2010, sales were $71,549,000, up 37% from sales of $52,085,000 from continuing operations for the same period of 2009. Net earnings for the first six months of 2010 were $1,160,000 or $0.18 per share. Net earnings from continuing operations for the first six months of 2009 were $81,000 or $0.01 per share.
Synalloy Corporation Announces Second Quarter Results
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