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Stock impact report

Synalloy announces Asti closing projections for 2018 and 2019 [Reuters]

Synalloy Corporation (SYNL) 
US:NASDAQ Investor Relations: investor.synalloy.com/investor-relations
Company Research Source: Reuters
Synalloy Corp (SYNL.OQ) Key Developments | Reuters.com Jan 3 (Reuters) - Synalloy Corp ::SYNALLOY ANNOUNCES ASTI CLOSING; PROJECTIONS FOR 2018 AND 2019.SEES FY 2018 REVENUE ABOUT $280 MILLION.SEES 2018 ADJUSTED EBITDA TOTALING $34 MILLION.SHIPMENTS IN Q4 WERE BELOW PLAN.SYNALLOY'S ANNUAL FORECAST FOR 2019, INCLUDING ADDITION OF ASTI'S OPERATIONS, CALLS FOR REVENUE OF $340 MILLION.EXPECT TO REDUCE NET DEBT BY A MINIMUM OF $25 MILLION DURING COURSE OF 2019, EXCLUDING IMPACT OF ANY ADDITIONAL ACQUISITIONS.SEES 2019 ADJUSTED EBITDA IS PROJECTED TO TOTAL $34 MILLION. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products Show less Read more
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