Synalloy Corp metal segment remains strong for Q4 2011
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Monday, 06 Feb 2012
Synalloy Corporation announced that the Comparative Analysis table has been adjusted to reflect proper alignment of the line items for Metals and Specialty Chemicals Segments sales.
Synalloy Corporation comparative analysis
| Net sales | Q4 '11 | Q4 '10 | FY '11 | FY '10 |
| Metals Segment | 29,974,000 | 27,573,000 | 127,727,000 | 108,544,000 |
| Specialty Chemicals Segment | 10,267,000 | 10,066,000 | 42,848,000 | 42,577,000 |
| 40,241,000 | 37,639,000 | 170,575,000 | 151,121,000 | |
| Operating income | | |||
| Metals Segment | 1,948,000 | 1,441,000 | 9,338,000 | 3,774,000 |
| Specialty Chemicals Segment | -97,000 | 777,000 | 2,221,000 | 3,960,000 |
| 1,851,000 | 2,218,000 | 11,559,000 | 7,734,000 | |
| Unallocated expenses | | |||
| Corporate | 521,000 | 94,000 | 2,668,000 | 1,541,000 |
| Interest and debt expense | 48,000 | 18,000 | 141,000 | 54,000 |
| Other expense (income) | -11,000 | |||
| Income before income taxes | 1,282,000 | 2,106,000 | 8,750,000 | 6,150,000 |
| Provision for income taxes | 265,000 | 644,000 | 2,953,000 | 2,116,000 |
| Net income | 1,017,000 | 1,462,000 | 5,797,000 | 4,034,000 |
| Basic net income per share | 0.16 | 0.23 | 0.92 | 0.64 |
| Diluted net income per share | 0.16 | 0.23 | 0.91 | 0.64 |
| Average shares outstanding: | | |||
| Basic | 6,325,000 | 6,289,000 | 6,313,000 | 6,282,000 |
| Diluted | 6,369,000 | 6,321,000 | 6,362,000 | 6,309,000 |
