Synalloy Corporation (NASDAQ:SYNL)

Synalloy Corporation (NASDAQ:SYNL) ($22.05, $193M market cap), a company engaged in a number of diverse business activities, including the production of stainless steel pipe and tubing, fiberglass and steel storage tanks and specialty chemicals, announced its subsidiary Bristol Metals was awarded an $8 million contract, the single largest contract Bristol has received since being acquired by SYNL.

Synalloy Corporation (NASDAQ:SYNL) ($24.25, $213.4M market cap), a company engaged in a number of diverse business activities including the production of stainless steel pipe and tubing, fiberglass and steel storage tanks and specialty chemicals, announced today that it has filed a prospectus supplement under which it may issue and sell, from time to time, up to an aggregate of $10 million of its common stock under an “at-the-market” equity offering program through BB&T Capital Markets, a division of BB&T Securities, LLC, and Ladenburg Thalmann & Co. Inc.

We will be reviewing the prospectus and future details of this offering going forward.

On August 7th, we reported on the company’s great quarterly results. Prior to that, on May 3, we had highlighted the company’s impressive Q1 and on April 10, 2018 we highlighted the company’s first significant raise in guidance for the full year 2018. You can read all of our coverage on SYNL here.