Triple Threat: Synalloy Is Well Positioned in both the Metals and Chemicals Sectors and looks to be a likely addition to this year’s Russell 2000
Synalloy Corporation (SYNL)
US:NASDAQ Investor Relations:
investor.synalloy.com/investor-relations
Company Research
Source: GlobeNewswire
The Wall Street Analyzer CEO Interview Series NEW YORK, May 09, 2018 (GLOBE NEWSWIRE) -- The Wall Street Analyzer recently conducted an interview with Synalloy’s (NASDAQ:SYNL) CEO Craig Bram and CFO Dennis Loughran. During their conversation Synalloy’s management went over recent trends in their metals and chemicals divisions, the company’s growth strategy, and upcoming milestones for the year. In terms of future growth, Bram stated that investors can expect to see a complimentary acquisition over the next 6 months. Regarding their acquisition from last year in the metals sector, Bram said, “Going back to the acquisition of Marcegaglia last year the timing of that really couldn’t have been any better for us. Bristol Metals now has about 40% market share among domestic producers and we started the year anticipating about 56 million pounds of welded stainless steel pipe and tube shipments for this year. That would have been up from about 49 million pounds last year. And with our re
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