Sypris Solutions, Inc. provides truck components, oil and gas pipeline components, and aerospace and defense electronics primarily in North America and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged, machined, welded, and heat-treated steel components for the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial, light truck, and energy markets. This segment also offers drive train components, including axle shafts, transmission shafts, gear sets, steer axle knuckles, and other components for automotive and truck manufacturers. In addition, it provides value added operations for drive train assemblies; and manufactures pressure closures and other fabricated products for oil and gas pipelines. The Sypris Electronics segment offers electronic manufacturing services, such as circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability, and design for specification work for aerospace and defense electronics market. This segment also provides circuit card assembly services for electronic sensors and systems, including radar and targeting systems, tactical ground stations, navigation systems, weapons systems, and targeting and warning systems; and value added solutions, such as low-volume prototype assembly and high-volume turnkey manufacturing. The company also offers engineering design and repair or inspection services. In addition, it sells its engineered product under the Tube Turns brand. The company was incorporated in 1997 and is headquartered in Louisville, Kentucky.
IPO Year:
Exchange: NASDAQ
Website: sypris.com
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Orders Rise 65% YTD For Sypris Electronics Strong Demand From Electronic Warfare And Communications Markets Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September 28, 2025. HIGHLIGHTS The Company's third quarter revenue decreased compared to the prior-year quarter primarily due to the near-term impact of tariffs, which reduced demand from certain transportation-related customers and necessitated the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora. Year-to-date orders for Sypris Electronics increased 65% as compared to the prior year comparable period, driving backl
Follow-On Award Expands Production Requirements Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has received a follow-on contract award to manufacture and test advanced electronic power supply modules for integration into the avionics suite of a classified, mission-critical missile program. Production is scheduled to begin in 2026. Terms of the agreement were not disclosed. "This program win underscores our growing presence and commitment to the advanced missile avionics market," said Mike Sedgwick, Vice President & General Manager of Sypris Electronics. "Our customer's unwavering focus on ‘mission success' aligns seamlessly wit
Orders Up 110% To $47 Million For Sypris Electronics Strong Demand From Electronic Warfare And Communications Markets Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended June 29, 2025. HIGHLIGHTS ────────────────────────────────── The Company's second quarter revenue decreased compared to the prior-year quarter primarily due to the near-term impact of tariffs, which reduced demand from certain transportation-related customers and necessitated the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora. The Company's gross profit decreased compared to the prior-year period due to the volume
Power Supplies for High-Reliability Communications Networks Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced it has secured follow-on contract awards from a leading global provider of subsea cable systems. Under the terms of the agreement, Sypris will manufacture and test electronic power supply modules, optical processing units, and branching units to support multiple high-reliability subsea communication networks. Production is currently underway and is expected to continue through 2026. Specific terms of the agreement were not disclosed. The awarded contracts involve the production of advanced electronic assemblies designed for use in scala
To Supply Drivetrain Components for Electric Vehicle Applications Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a long-term agreement to supply certain drivetrain components for a leading global truck OEM's new electrified heavy-duty vehicle. The parties expect initial deliveries to begin in 2026. Commenting on the announcement, Federico Aviles, Vice President and General Manager of Sypris Technologies Mexico, S. de R.L. de C. V., stated, "We were pleased to be selected by our customer to develop certain drivetrain components for its new, revolutionary electric drive system, and to serve as the sole North Am
Follow-On Program for Secure Communications Infrastructure Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today it has received a follow-on award from a leading U.S. defense contractor to manufacture and test embedded circuit card assemblies that will support cryptographic functions for the U.S. Army's Key Management System (AKMS). Production is scheduled to begin in 2026. Terms of the agreement were not disclosed. The AKMS, a core component of the National Security Agency's Electronic Key Management System, provides tactical units and base commands with organic key generation and secure, electronic key distribution capabilities. The system
System to Add Electronic Attack Capability to Defend Navy Ships Deliveries Scheduled to Begin in 2026 Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), today announced it has received a follow-on award to support continued production of critical electronic assemblies first announced in 2022. Under the new order, Sypris will manufacture and test electronic assemblies for an additional four systems to be delivered to a U.S. Department of Defense contractor, with deliveries scheduled to begin in 2026. Terms of the award were not disclosed. The modules to be produced by Sypris will be integrated into an electronic warfare improvement program for the U.S.
Gross Profit Up 17%; Margins Improve; Operating Income And EPS Rise Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 30, 2025. HIGHLIGHTS Customer orders were robust during the period, while revenue was less than the prior-year quarter due to the cyclical decline in the commercial vehicle market, the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora basis and delays in customer delivery schedules for our Sypris Electronics group. Gross profit for the Company increased 16.7% from the prior-year period, while gross margin expanded 330 basis points. Gross profit for Sypris E
Gross Profit Up 23%; EPS Continues To Rise; Positive 2025 Outlook Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2024. HIGHLIGHTS The Company's gross profit for the quarter increased 23.1% from the prior-year period, while gross margin expanded 350 basis points. For the full year, the Company's gross profit increased 15.3% from the prior year, while gross margin increased 150 basis points. Gross profit for Sypris Technologies surged 41.6% for the quarter and 39.3% for the full year, reflecting favorable exchange rates, improved mix and productivity improvements. Orders for energy products were
Gross Profit Up 48%; Revenue, EPS And Orders Rise Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September 29, 2024. HIGHLIGHTS Revenue for the quarter increased 6.2% year-over-year, driven by a 13.6% increase for Sypris Electronics and a 0.7% increase for Sypris Technologies. Orders were up 6.5% for the quarter and 13.4% year-to-date, reflecting positive growth for both businesses. Gross profit for the Company increased 48.0% from the prior-year period and increased 6.0% sequentially, while gross margin expanded 480 basis points and 90 basis points, respectively. EPS increased to $0.02 per diluted share, up from a loss of
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Live Leadership Updates
Richard L. Davis Named Senior Vice President, Treasurer and Assistant Secretary Sypris Solutions, Inc. (Nasdaq/GM: SYPR) (the "Company") announced today the appointment of Rebecca R. Eckert, the Company's current Controller, to the position of Vice President, Chief Accounting Officer and Controller, effective as of November 1, 2024. Mrs. Eckert will serve as the Company's principal financial officer and principal accounting officer. Mrs. Eckert will remain located at the Company's headquarters in Louisville, Kentucky and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Mrs. Eckert has served as the Company's Controller and princip
Sypris Solutions, Inc. (Nasdaq/GM: SYPR) (the "Company") announced today the appointment of Curtis S. Petrie, a corporate director of the Company, to the position of Vice President of Administration, effective September 1, 2024. Mr. Petrie will remain located at the Company's headquarters in Louisville, Kentucky and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Mr. Petrie has served as Corporate Director of Information Technology, Human Resources and Internal Audit since October 2022 and as Corporate Director of Information Technology and Human Resources from August 2019 to September 2022. Prior to 2019, Mr. Petrie served as the
Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Rachel Ainsworth Brady, Esq. to the position of Senior Corporate Counsel and Secretary, effective July 8, 2024. Ms. Brady will be located at the Company's headquarters in Louisville, Kentucky and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Prior to joining Sypris, Ms. Brady most recently served as Corporate Counsel with American Commercial Barge Line, a marine transportation company, since 2019. Ms. Brady began her career with American Commercial Barge Line in 2016 as its Associate Corporate Counsel. In addition to American Commercial Barge Line, Ms.
Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Michael D. Sedgwick to the position of Vice President and General Manager of Sypris Electronics, LLC, effective June 3, 2024. Mr. Sedgwick will operate from the Company's headquarters located in Tampa, Florida and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Mr. Sedgwick will be joining Sypris following a successful career with SCI Technology, Inc., a division of Sanmina Corporation, where he most recently served as the Vice President of Defense and Aerospace Products and was responsible for the company's product portfolio and electronics manufacturing s
Richard L. Davis to Succeed Anthony C. Allen Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Richard L. Davis, the Company's Vice President, to the position of Vice President & Chief Financial Officer effective October 12, 2022. Mr. Davis will remain located in Louisville, Kentucky and will report to Jeffrey T. Gill, the Company's Chairman, President & Chief Executive Officer. Mr. Davis has served as Vice President of Sypris since January 2018 and as Vice President Audit and Compliance from August 2015 to December 2017. Prior to 2017, Mr. Davis served in a number of increasingly responsible executive roles since joining the Company in 1985. Mr. Davis holds a BS
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Orders Rise 65% YTD For Sypris Electronics Strong Demand From Electronic Warfare And Communications Markets Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September 28, 2025. HIGHLIGHTS The Company's third quarter revenue decreased compared to the prior-year quarter primarily due to the near-term impact of tariffs, which reduced demand from certain transportation-related customers and necessitated the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora. Year-to-date orders for Sypris Electronics increased 65% as compared to the prior year comparable period, driving backl
Orders Up 110% To $47 Million For Sypris Electronics Strong Demand From Electronic Warfare And Communications Markets Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended June 29, 2025. HIGHLIGHTS ────────────────────────────────── The Company's second quarter revenue decreased compared to the prior-year quarter primarily due to the near-term impact of tariffs, which reduced demand from certain transportation-related customers and necessitated the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora. The Company's gross profit decreased compared to the prior-year period due to the volume
Gross Profit Up 17%; Margins Improve; Operating Income And EPS Rise Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 30, 2025. HIGHLIGHTS Customer orders were robust during the period, while revenue was less than the prior-year quarter due to the cyclical decline in the commercial vehicle market, the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora basis and delays in customer delivery schedules for our Sypris Electronics group. Gross profit for the Company increased 16.7% from the prior-year period, while gross margin expanded 330 basis points. Gross profit for Sypris E
Gross Profit Up 23%; EPS Continues To Rise; Positive 2025 Outlook Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2024. HIGHLIGHTS The Company's gross profit for the quarter increased 23.1% from the prior-year period, while gross margin expanded 350 basis points. For the full year, the Company's gross profit increased 15.3% from the prior year, while gross margin increased 150 basis points. Gross profit for Sypris Technologies surged 41.6% for the quarter and 39.3% for the full year, reflecting favorable exchange rates, improved mix and productivity improvements. Orders for energy products were
Gross Profit Up 48%; Revenue, EPS And Orders Rise Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September 29, 2024. HIGHLIGHTS Revenue for the quarter increased 6.2% year-over-year, driven by a 13.6% increase for Sypris Electronics and a 0.7% increase for Sypris Technologies. Orders were up 6.5% for the quarter and 13.4% year-to-date, reflecting positive growth for both businesses. Gross profit for the Company increased 48.0% from the prior-year period and increased 6.0% sequentially, while gross margin expanded 480 basis points and 90 basis points, respectively. EPS increased to $0.02 per diluted share, up from a loss of
Gross Profit up 21%; Backlog Exceeds $115 Million Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended June 30, 2024. HIGHLIGHTS ───────────────────── The Company's second quarter 2024 consolidated revenue was even with the prior year at $35.5 million, reflecting a rotation in mix driven by continued growth at Sypris Electronics and reduced shipments for Sypris Technologies. Orders are up 15.8% year-to-date, reflecting positive growth for both businesses. Gross profit for the Company increased 20.8% from the prior-year period and increased 95.6% sequentially, while gross margin expanded 280 basis points and 780 basis points, respec
Revenue Up 17%; Backlog Exceeds $115 Million Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2023. HIGHLIGHTS ───────────────────── Consolidated revenue for the quarter increased 16.9% and 23.7% for the full year driven by double digit expansion of shipments across both segments. Revenue for Sypris Electronics increased 25.2% and 42.7% for the quarter and full year, respectively, reflecting the continued growth in demand from customers serving the markets for Electronic Warfare, Aircraft and Missile Avionics, and Subsea Communications. Revenue for Sypris Technologies increased 10.8% and 12.5% fo
Revenue up 33%; Margins Expand; Positive 2024 Outlook Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended October 1, 2023. HIGHLIGHTS ───────────────────── Revenue for the quarter increased 33.3% year-over-year, driven by a 73.5% increase for Sypris Electronics and a 13.8% increase for Sypris Technologies. Gross profit increased 105.0% year-over-year, with an improvement of 186.8% for Sypris Electronics and 36.2% for Sypris Technologies. Gross margin for the quarter increased 420 basis points to 12.0% with an increase of 710 basis points to 18.1% for Sypris Electronics and 120 basis points to 7.5% for Sypris Technologies. B
LOUISVILLE, Ky., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Sypris Solutions, Inc. (NASDAQ/GM: SYPR) ("Sypris" or the "Company") today announced that it will host a conference call on Wednesday, November 15, 2023, at 9:00 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (833) 316-0560 approximately 10 minutes prior to the start of the call (ask to be joined into the Sypris Solutions, Inc. call). The live broadcast of Sypris' quarterly conference call will also be available online at www.sypris.com on November 15, 2023, beginning at 9:00 a.m. (Eastern Time). The online replay will be available at approximately 11:00 a.m. (E
Revenue up 23%; Backlog up 26%; EPS Rises Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended July 2, 2023. HIGHLIGHTS ───────────────────── Revenue for the quarter increased 22.6% year-over-year, driven by a 40.2% increase for Sypris Electronics and a 11.7% increase for Sypris Technologies. Backlog increased 25.5%, reflecting a 25.0% year-over-year increase at Sypris Electronics and 38.0% growth for the energy products of Sypris Technologies. EPS increased $0.04 per share during the period, rising to $0.01 per diluted share from a loss of $0.03 per diluted share for the prior year quarter. During the quarter, Sypris Elect
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