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Q3 2019 Synalloy Corp Earnings Call Transcript

Nov 12, 2019 / 02:00PM GMT
Release Date Price: $14.18 (-4.45%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Synalloy Third Quarter Earnings Conference Call. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Mr. Craig Bram, President and CEO. Please go ahead, sir.

Craig C. Bram
Synalloy Corporation - President, CEO & Director

Good morning, everyone. Welcome to Synalloy Corporation's Third Quarter 2019 Conference Call. Dennis Loughran, our CFO, will provide a review of the Q3 financials, and then I'll provide some comments on our business segments. We'll then follow that up with 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.

Third quarter GAAP-based income was a net loss of $1

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