Brief: Synalloy Reports Q4 Loss Per Share Of $0.10
06/03/2020 12:22
March 6 (Reuters) - Synalloy Corp SYNL.O :
* SYNALLOY REPORTS FOURTH QUARTER 2019 RESULTS
* Q4 ADJUSTED LOSS PER SHARE $0.09
* Q4 LOSS PER SHARE $0.10
* Q4 SALES $67.9 MILLION
* SYNALLOY - SEES 2020 SALES OF $295.0 MILLION TO $310.0
MILLION
* "TRADE WITH CHINA REMAINS AN ISSUE AS DOES OUTCOME OF
PRESIDENTIAL ELECTION"
* SYNALLOY - SEES 2020 OPERATING INCOME OF $5.2 MILLION TO
$8.0
MILLION
* SYNALLOY -"WE DO NOT EXPECT A RECESSION IN 2020, BUT WE DO
ANTICIPATE A PERIOD OF FLAT TO SOFTENING DEMAND ACROSS OUR MORE
INDUSTRIAL FOCUSED MARKETS"
Source text for Eikon: ID:nBw2BCh79a
Further company coverage: SYNL.O
((Reuters.Briefs@thomsonreuters.com;))