Synalloy Corp. (SYNL) announced that net earnings for the second quarter of 2012 were $1.09 million or $0.17 per share, down from $1.71 million or $0.27 per share for 2011's second quarter.
Inventory losses in Metals Segment had a negative impact on the Company's reported earnings in this year's second quarter, while inventory profits increased the Company's reported earnings in the second quarter.
The approximate effect of inventory losses on this year's second quarter was a reduction of reported earnings by $0.14 per share, while the inventory profits increased reported earnings per share for the same periods of the prior year by $0.03 per share.
Net sales were $46.88 million, up 13% compared to net sales of $41.40 million for the second quarter of 2011.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.