Cost cutting boosts Synalloy’s results

Jul 22, 2014 | 02:09 PM | Thorsten Schier

Tags  Synalloy, earnings report, Bristol Fabrication, Thorsten Schier

NEW YORK — Synalloy Corp. continues to grapple with the closure of its loss-making Bristol Fabrication unit, the company said in its quarterly earnings report.

The unit, which lost $2.26 million in the first six months of the year, was closed July 27, the Spartanburg, S.C.-based company said July 22. "Management continues to address staffing levels, customer requirements and outsourcing opportunities as we work to complete the backlog, profitably and on schedule."....

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