SYNL, DVN, SAI, WRC Stock Market Update from Stock.PR.com

Synalloy Corporation (NASDAQ: SYNL) recorded sales of $40,241,000 for the fourth quarter of 2011, up 7% from 2010. Net earnings for the quarter were $1,017,000, or $0.16 per share, down 30% from the prior year. This compares to sales of $37,639,000 and net earnings of $1,462,000, or $0.23 per share, in the fourth quarter of 2010. For the year 2011, sales were $170,575,000, up 13% from sales of $151,121,000 in 2010. Net earnings for 2011 increased 44% to $5,797,000 or $0.91 per share compared to $4,034,000 or $0.64 per share for 2010.

On its Metals Segment, Sales increased 9% to $29,974,000 while operating income increased 35% to $1,948,000 in the fourth quarter of 2011 from the same period a year earlier.

The Specialty Chemicals Segment’s revenues increased for the fourth quarter of 2011 by 2% compared to the fourth quarter of 2010.

SYNL, together with its subsidiaries, manufactures and sells pipes and piping systems in the United States and internationally. It operates in two segments, Metals and Specialty Chemicals.

For more information about SYNL please visit http://www.synalloy.com

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Devon Energy Corporation (NYSE:DVN) recently announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission. The new registration statement is effective for three years and provides for the issuance of debt and equity securities.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit www.devonenergy.com.

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Science Applications International Corporation (NYSE:SAI) recently announced it has been awarded a contract to support the U.S. Army Program Executive Office for Simulation, Training, & Instrumentation (PEO STRI) by providing the Synthetic Core (SE) Environment, a set of virtual components that will develop and sustain the Army’s Common Virtual Environment (CVE) for simulation and training programs. The single-award, indefinite-delivery/indefinite-quantity (ID/IQ) contract has a one-year base period of performance four one-year options, for a total potential value of up to $222 million if all options are exercised. Work will be performed primarily in Orlando, Fla.

SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy & environment, health, and cybersecurity.

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The Warnaco Group, Inc. (NYSE:WRC), recently announced that its Board of Directors has elected Helen McCluskey President, Chief Executive Officer, and a member of its Board of Directors, effective February 1, 2012. Ms. McCluskey will succeed Joe Gromek, age 65, Warnaco’s President and Chief Executive Officer, who announced that he will retire from the Company and the Board of Directors. Ms. McCluskey, age 56, currently serves as Chief Operating Officer of Warnaco.

The Warnaco Group, Inc., headquartered in New York, is a leading global apparel company engaged in the business of designing, sourcing, marketing and selling men’s, women’s and children’s sportswear and accessories, intimate apparel, and swimwear under such owned and licensed brands as Calvin Klein®, Speedo®, Chaps®, and Warner’s® and Olga®.