Synalloy Corporation (SYNL) Q3 2020 Earnings Conference Call November 9, 2020 9:00 AM ET Company Participants Craig C. Bram - President and CEO Sally M. Cunningham - SVP and CFO Christopher Hutter - Board Member Conference Call Participants Unidentified Analyst - Private Investor Operator Ladies and gentlemen, thank you for standing by and welcome to the Synalloy's Third Quarter 2020 Earnings Conference Call. At this time, all participant lines are in a listen-only mode. After the speakers' presentation, th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _____ to _____ COMMISSION FILE NUMBER 0-19687 https://files.reportify.cc/media/production/A Synalloy Corporation (Exact name of registrant as specified in its charter) (S ...

Synalloy Corporation (SYNL) Q2 2020 Results Conference Call September 3, 2020 9:00 AM ET Company Participants Craig Bram - President and CEO Sally Cunningham - CFO Conference Call Participants Charles Gold - Truist Financial Operator Ladies and gentlemen, thank you for standing by, and welcome to the Synalloy's Second Quarter 2020 Earnings Conference Call. At this time, all participant lines are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator I ...

Financial Data and Key Metrics Changes - First quarter GAAP-based income was a net loss of $1.2 million or $0.13 diluted loss per share, compared to a net loss of $0.9 million or $0.10 diluted loss per share in Q1 2019 [6] - First quarter non-GAAP adjusted net loss was $0.7 million or $0.08 adjusted diluted loss per share, compared to adjusted net income of $0.6 million or $0.07 adjusted diluted earnings per share in Q1 2019 [6] - First quarter non-GAAP adjusted EBITDA totaled $2.6 million or 3.5% of sales, down from $4.8 million or 5.6% of sales in the prior year's first quarter [6][8] Business Line Data and Key Metrics Changes - In the welded pipe and tube business, pounds shipped were up almost 6% year-over-year, but pricing was down 10% [11] - Material margin for the welded pipe and tube segment fell by $0.14 per pound and was down $2.9 million in absolute dollar terms [11] - The Chemicals segment saw pounds shipped decline by 7% year-over-year, while prices increased by 10.2% [15] Market Data and Key Metrics Changes - The company gained 3.4 points of North American market share in the welded stainless steel pipe category [11] - Order activity softened in April, indicating a potential decline in demand moving forward [13] Company Strategy and Development Direction - The company is focused on improving liquidity and reducing debt, with plans for inventory reductions of approximately $7 million and responsible constraints on capital spending [9] - Cost-cutting initiatives have resulted in a reduction of costs by $1.54 million year-over-year, with expectations for further savings in the coming quarters [10] Management Comments on Operating Environment and Future Outlook - Management noted weaker year-over-year demand, particularly in the metals segment, and pricing pressure negatively impacted material margins [10] - The company expects to extract several million dollars of capital from the Palmer facility as accounts receivables are collected and remaining inventory is sold [14] - The CARES Act is expected to generate an estimated $2 million in tax refunds over the next two quarters [16] Other Important Information - The company is pursuing a cash settlement in excess of $1 million related to a property and business interruption claim [16] - A lawsuit has been filed against a supplier for overcharging approximately $1 million over the last three years [17] Q&A Session Summary Question: Inquiry about Bristol Metals segment profit for Q1 and Q2 - Management did not disclose specific profit numbers for competitive reasons [18] Question: Follow-up on the previous inquiry - The analyst acknowledged the response and thanked management [19]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _____ to _____ COMMISSION FILE NUMBER 0-19687 https://files.reportify.cc/media/productio Synalloy Corporation (Exact name of registrant as specified in its charter) Delaw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 0-19687 https://files.reportify.cc/media/production/ SYNALLOY CORPORATION (Exact name of registrant as specified in its charter) Delaware 57-0426694 ...

Synalloy Corp (SYNL) Q4 2019 Earnings Conference Call March 6, 2020 9:00 AM ET Company Participants Craig Bram - President and Chief Executive Officer Dennis Loughran - Chief Financial Officer Conference Call Participants Charles Gold - BB&T Scott & String Operator Ladies and gentlemen, thank you for standing by and welcome to the Synalloy Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer ses ...

Synalloy Corp (SYNL) Q3 2019 Earnings Conference Call November 12, 2019 9:00 AM ET Company Participants Craig Bram - President, CEO & Director Dennis Loughran - SVP & CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to the Synalloy Third Quarter Earnings Conference Call. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Mr. Craig Bram, President and CEO. Please go ahead, sir. Craig Bram Good morning, everyone. W ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _____ to _____ COMMISSION FILE NUMBER 0-19687 https://files.reportify.cc/media/production/ Synalloy Corporation (Exact name of registrant as specified in its charter) ...

Financial Data and Key Metrics Changes - In Q2 2019, the company reported a GAAP-based net loss of $0.3 million or $0.03 per diluted share, compared to a profit of $3.7 million or $0.41 per share in Q2 2018 [5] - The non-GAAP adjusted net loss was $0.3 million or $0.04 per diluted share, down from adjusted net income of $6.3 million or $0.71 per diluted share in the same quarter last year [5] - Non-GAAP adjusted EBITDA totaled $3.4 million or 4.3% of sales, a decline from $10.3 million or 14.4% of sales in Q2 2018 [5][6] Business Line Data and Key Metrics Changes - The welded stainless steel pipe business faced temporary headwinds, leading to a downward revision in the annual forecast [8] - The addition of ASTI and its ornamental tubing products contributed positively, with sales and profit margins meeting or exceeding original forecasts [8] - The Storage Tank business in West Texas showed improved results in Q2, but new order activity slowed in July [9] Market Data and Key Metrics Changes - Oil production growth in the Permian Basin has slowed, with projections indicating a growth of only 34,000 barrels per day in August [9] - North American shipments of welded stainless steel pipe were down 24% year-over-year for the first six months of 2019 [14] - The company’s market share in the welded stainless steel pipe business increased by 200 basis points despite a 12% decline in pound shipments [16] Company Strategy and Development Direction - The company is focused on cash flow and reducing debt, targeting net debt to be less than $65 million by year-end [19] - There is an ongoing evaluation of potential acquisitions in the metals and chemical sectors, although no transactions are imminent [19] - The company implemented a new ERP system for the ASTI unit, which has transitioned smoothly [8] Management Comments on Operating Environment and Future Outlook - Management believes the challenges in the welded stainless steel pipe business are temporary and expects inventory profits to return in Q4 if nickel prices hold [16] - The company anticipates that new orders will be released later in Q3, with expectations of benefiting from recent mergers in the Permian Basin [10] - Management noted that many chemical customers are reporting flat to marginal year-over-year growth, impacting the intermediate products manufactured [12] Other Important Information - The company experienced a significant inventory price change loss of $1.8 million in Q2 2019, compared to a gain of $1.1 million in Q2 2018 [6] - The company has reached an agreement with Bristol Union for a new five-year contract [18] - The company opened a data room for Privet to provide additional information, with no further comments or offers received as of the call date [20] Q&A Session Summary Question: Tax rate in Q2 and first six months - The CFO explained that low income figures resulted in discrete items having a significant impact on the overall effective tax rate [22][23] Question: Impact of new tariffs on Chinese imports - Management clarified that the upcoming tariff increase would not affect any steel products [25][26] Question: EBITDA forecast for the second half - Management confirmed a forecast of approximately $14 million of EBITDA for the second half of the year [27][28]