Synalloy Corp. (SYNL) - Its Metal Segment Remains Strong for Q4 2011

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CRWENewswire, Stocks to Watch. On its fourth quarter fiscal 2011, Synalloy Corp - SYNL - posted sales of $40,241,000, a 7% increase year over year, while its Net earnings for 2011 increased 44% to $5,797,000 or $0.91 per share compared to 2010. On its Metals Segment, Sales increased 9% to $29,974,000 while operating income increased 35% to $1,948,000 in the fourth quarter of 2011 from the same period a year earlier. Synalloy Corporation is structured as a holding company, currently comprised of two major groups: Metals and Chemicals.

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