Synalloy Corporation (SYNL) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET

Company Participants

Cody Cree - Director of Gateway IR

Ben Rosenzweig - Executive Chairman of the Board

Chris Hutter - President & CEO

Aaron Tam - CFO

Conference Call Participants

Operator

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Synalloy's Financial Results for the Second Quarter ended June 30, 2022.

Joining us today are Synalloy's Executive Chairman of the Board, Ben Rosenzweig; President and CEO, Chris Hutter; CFO, Aaron Tam; and the company's outside Investor Relations adviser, Cody Cree. Following their remarks, we'll open the call for your questions. [Operator Instructions]

Before we go further, I would like to turn the call over to Cody Cree as he reads the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.

Cody Cree

Thanks, Daniel. Before we continue, I'd like to remind all participants that the discussion today may contain certain forward-looking statements pursuant to the safe harbor provisions of the federal securities laws. These statements are based on information currently available to us and are subject to various risks and uncertainties that could cause actual results to differ materially. Synalloy advises all those listening to this call to review the latest 10-Q and 10-K posted on its website for a summary of these risks and uncertainties. Synalloy does not undertake the responsibility to update any forward-looking statements.

Further, the discussion today may include non-GAAP measures. In accordance with Regulation G, the company has reconciled these amounts back to the closest GAAP-based measurement. The reconciliations can be found in the earnings press release issued today and posted on the Investors section of the company's website at synalloy.com. Please note that this call is available for a replay via a webcast link that is also posted on the Investors section of the company's website.

With that, I would like to turn the call over to Synalloy's Executive Chairman of the Board, Ben Rosenzweig. Ben, over to you.

Ben Rosenzweig

Thank you, Cody, and good afternoon, everyone. Coming off a record start to the year, we're reporting another strong quarter, our fifth consecutive one of year-over-year growth in net sales, net income and adjusted EBITDA as well as a third consecutive quarter of record net income. I want to thank our dedicated employees whose hard work has continued to transform this company into a leading provider of tubular products and specialty chemicals.