The Urgent Need for Change and The Superior Path Forward
A BUSINESS AND FINANCIAL OVERVIEW OF
SYNALLOY CORPORATION (NASDAQ: SYNL)
Metals Segment
American
Stainless Tubing
Synalloy has very attractive assets in the metals and chemicals segments, leading us
to believe the right leadership can unlock tremendous value for stockholders
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BRISMET
American Stainless Tubing ("ASTI") is a leading manufacturer of
high-end ornamental stainless steel tubing
Bristol Metals ("BRISMET") is the largest domestic manufacturer of
welded pipe from stainless steel and other nickel alloys
Specialty Pipe and Tube ("Specialty") is a leading distributor of
large diameter, heavy wall seamless pipe and tubing
Chemicals Segment
Palmer
of Texas
Palmer of Texas ("Palmer") manufactures fiberglass and steel
liquid storage tanks and separation equipment
Manufacturers
SPECIALTY
Pipe & Tube
PRIVET
FUND
CRItolling
Manufacturers Chemicals ("MC") manufactures lubricants,
surfactants, defoamers, reaction intermediaries and sulfated fats
and oils for direct sales and is a low-cost regional contract
manufacturer
Chemicals
CRI Tolling ("CRI") is a high-quality toll manufacturer that provides
outsourced manufacturing resources to large global chemical
companies and medium size chemical companies within focused
market segments
UPG
STRONGER TOGETHER
1. For the period ended 12/31/19
Company Snapshot ¹
Headquarters
Employees
Financial Snapshot
Share Price (per share)
Shares Outstanding
Market Capitalization
Add: Debt
Less: Cash & Cash Eq.
Enterprise Value
$20.00
$18.00
$16.00
$14.00
$12.00
$10.00
LTM Revenue
LTM Adj. EBITDA
One-Year Share Price Performance
12/31/2018
изими
01. 02. 03. 04. 05.
Executive Summary
3/31/2019
6/30/2019
Share price declined 21.8% in 2019
doming
Richmond, VA
-600
9/30/2019
($ in millions)
12.91
9.0
116.7
75.6
(0.6)
191.7
305.2
13.5
$12.91
12/31/2019
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