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Q2 2019 Synalloy Corp Earnings Call Transcript

Aug 13, 2019 / 01:00PM GMT
Release Date Price: $16.12 (+1.38%)
Operator

Good day, ladies and gentlemen, and welcome to the Synalloy's Second Quarter Earnings Conference Call. (Operator Instructions)

I would now like to introduce your host for today's conference, Craig Bram, President and CEO. You may begin.

Craig C. Bram
Synalloy Corporation - President & CEO

Good morning, everyone. Welcome to Synalloy Corporation's Second Quarter 2019 Conference Call. Dennis Loughran, our CFO, will provide a review of the Q2 financials and then I'll provide some comments on our business segments. We'll then open the call to questions. Dennis?

Dennis M. Loughran
Synalloy Corporation - Senior VP & CFO

Hello, everyone. As usual, the financial results will be presented using 3 different methods: first, GAAP-based EPS; second, adjusted net income, a non-GAAP measure as defined in the earnings release; and third, adjusted EBITDA, a non-GAAP measure also defined in the earnings release.

Second quarter GAAP-based income was a net loss of $0.3 million or $0.03 per diluted share as

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