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Synalloy (SYNL)

Synalloy Corporation is a company that engages in a number of diverse business activities including the production of stainless steel and galvanized pipe and tube, the master distribution of seamless carbon pipe and tube, and the production of specialty chemicals.

Company profile

Ticker
SYNL
Exchange
CEO
craig Bram
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Synalloy Metals, Inc. • Bristol Metals, LLC • Manufacturers Soap and Chemicals Company • Manufacturers Chemicals, LLC • Synalloy Fabrication, LLC • Palmer of Texas Tanks, Inc. • CRI Tolling, LLC • Specialty Pipe & Tube, Inc. • American Stainless Tubing, LLC • DanChem Technologies, Inc. ...
IRS number
570426694

SYNL stock data

Calendar

10 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.24M 1.24M 1.24M 1.24M 1.24M 1.24M
Cash burn (monthly) 260K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 746.23K n/a n/a n/a n/a n/a
Cash remaining 494.77K n/a n/a n/a n/a n/a
Runway (months of cash) 1.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jun 22 Aldo John Mazzaferro Jr Common Stock Buy Acquire P No No 15.5723 300 4.67K 6,612
6 Jun 22 Rosenzweig Benjamin L Common Stock Grant Acquire A No No 16.69 15,000 250.35K 66,773
6 Jun 22 Aldo John Mazzaferro Jr Common Stock Grant Acquire A No No 16.69 3,116 52.01K 6,312
6 Jun 22 Schauerman John P. Common Stock Grant Acquire A No No 16.69 4,194 70K 78,742
6 Jun 22 Rosenzweig Benjamin L Common Stock Grant Acquire A No No 16.69 6,111 101.99K 72,884
42.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 44 34 +29.4%
Opened positions 12 10 +20.0%
Closed positions 2 4 -50.0%
Increased positions 13 11 +18.2%
Reduced positions 10 8 +25.0%
13F shares Current Prev Q Change
Total value 69.69M 62.87M +10.8%
Total shares 4.33M 3.86M +12.2%
Total puts 0 0
Total calls 16.1K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
Privet Fund 1.85M $27.7M 0.0%
Dimensional Fund Advisors 463.59K $7.44M +4.9%
Vanguard 449.6K $7.22M +23.4%
WFC Wells Fargo & Co. 170.27K $2.73M -5.5%
Renaissance Technologies 161K $2.58M -3.9%
BLK Blackrock 159.72K $2.56M +0.0%
Bridgeway Capital Management 126.06K $2.02M +25.7%
Hillsdale Investment Management 101.34K $1.63M +1993.0%
HighTower Advisors 93.65K $1.5M 0.0%
EAM Investors 91.73K $1.47M NEW
Largest transactions Shares Bought/sold Change
Hillsdale Investment Management 101.34K +96.5K +1993.0%
EAM Investors 91.73K +91.73K NEW
Vanguard 449.6K +85.29K +23.4%
Boothbay Fund Management 26.65K -39.68K -59.8%
Venator Capital Management 57.53K +38.33K +199.6%
STA Wealth Management 34.91K +34.91K NEW
Bridgeway Capital Management 126.06K +25.8K +25.7%
Ellsworth Advisors 24.1K +24.1K NEW
Dimensional Fund Advisors 463.59K +21.78K +4.9%
O'shaughnessy Asset Management 21.26K +21.26K NEW

Financial report summary

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Risks
  • The demand for our products may be cyclical, creating uncertainty regarding future profitability.
  • Domestic competition and excess manufacturing capacity could force lower product pricing and may have an adverse effect on our revenues and profitability.
  • Overcapacity and overproduction by foreign producers in our industry could result in lower domestic prices, which would adversely affect our sales, margins and profitability.
  • Any interruption in our ability to procure raw materials, or significant volatility in the price of raw materials, could adversely affect our business and results of operations.
  • Our operations present significant risk of injury and other liabilities.
  • We may not be able to make the operational and product changes necessary to continue to be an effective competitor.
  • Our operations expose us to the risk of environmental, health and safety liabilities and obligations, which could have a material adverse effect on our financial condition or results of operations.
  • Federal, state and local legislative and regulatory initiatives relating to hydraulic fracturing, as well as governmental reviews of such activities could result in delays or eliminate new wells from being started, thus reducing the demand for our pressure vessels and heavy walled pipe and tube.
  • Certain of our employees in the Metals Segment are covered by collective bargaining agreements, and the failure to renew these agreements could result in labor disruptions and increased labor costs.
  • Failure to attract and retain key personnel may adversely impact our strategy and execution and financial results.
  • There are risks associated with our outstanding and future indebtedness.
  • We may need new or additional financing in the future to expand our business or refinance existing indebtedness, and our inability to obtain capital on satisfactory terms or at all may have an adverse impact on our operations and our financial results.
  • Our strategy of using acquisitions and dispositions to position our businesses may not always be successful, which may have a material adverse impact on our financial results and profitability.
  • Impairment in the carrying value of our fixed assets, intangible assets, or goodwill could adversely affect our financial condition and consolidated results of operations.
  • Our business, financial condition and results of operations may be adversely affected by global public health epidemics and pandemics, including the COVID-19 outbreak.
  • We encounter significant competition in all areas of our businesses and may be unable to compete effectively, which could result in reduced profitability and loss of market share.
  • We may discover weaknesses in our internal controls over financial reporting, which may adversely affect investor confidence in the accuracy and completeness of our financial reports and consequently the market price of our securities.
  • Cybersecurity risks and cyber incidents could adversely affect our business and disrupt operations.
Management Discussion
  • Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
  • This discussion and analysis summarizes the significant factors affecting our consolidated operating results, liquidity, and capital resources during the three months ended March 31, 2022 and 2021, respectively. This discussion and analysis should be read in conjunction with the consolidated financial statements and notes to the consolidated financial statements that are included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the Annual Report), as well as the condensed consolidated financial statements (unaudited) and notes to the condensed consolidated financial statements (unaudited) contained in this report. Unless otherwise specified, all comparisons made are to the corresponding period of 2021. This discussion and analysis is presented in five sections:

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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