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Synalloy Updates Fourth Quarter Outlook (Synalloy Corporation)

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(Source: Synalloy Corporation) December 17, 2013 Synalloy Updates Fourth Quarter Outlook SPARTANBURG, S.C., Dec. 17, 2013 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a holding Company owning subsidiaries that engage in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon steel piping systems, announces that the Company is now projecting a loss on an adjusted net earnings basis for the fourth quarter of this year. During October and November, the Company's BristolFab unit experienced a pre-tax loss of $1.4 million. The loss occurred as we...

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