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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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
Louisville, Ky. , Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sypris Solutions, Inc. (NASDAQ/GM: SYPR) ("Sypris" or the "Company") today announced that it will host a conference call on Tuesday, August 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 August 15, 2023, beginning at 9:00 a.m. (Eastern Time). The online replay will be available at approximately 11:00 a.m. (Eastern Tim
Revenue Up 23%; Orders Rise 74%; Backlog Up 121% Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 2, 2023. HIGHLIGHTS ───────────────────── Revenue for the first quarter increased 23.4% year-over-year, driven by double digit expansion of shipments at both segments. Orders for the period rose 73.6% from the prior-year period, while backlog increased 121.0%, reflecting positive demand from customers across both segments of the business. Revenue for Sypris Electronics expanded 42.0% year-over-year, driven by increased sales to customers serving the communications markets and improved material availability compared to the
Louisville, Ky., May 11, 2023 (GLOBE NEWSWIRE) -- Sypris Solutions, Inc. (NASDAQ/GM: SYPR) ("Sypris" or the "Company") today announced that it will host a conference call on Tuesday, May 16, 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 May 16, 2023, beginning at 9:00 a.m. (Eastern Time). The online replay will be available at approximately 11:00 a.m. (Eastern Time)
Backlog Up 117%; 2023 Outlook Raised Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2022. HIGHLIGHTS ───────────────────── Consolidated revenue for the quarter increased 15.2% year-over-year and 17.9% sequentially driven by continued expansion across the business. Gross profit rose 4.3% from the prior-year period and 133.0% sequentially. Earnings for the period of $0.01 per diluted share represented an $0.11 per share increase sequentially from the third quarter of 2022. Orders increased 102.7% year-over-year and 71.3% sequentially, while backlog jumped 117.3% and 16.9%, respectively. Quarterly r
Louisville, Ky. , March 13, 2023 (GLOBE NEWSWIRE) -- Sypris Solutions, Inc. (NASDAQ/GM: SYPR) ("Sypris" or the "Company") today announced that it will host a conference call on Thursday, March 16, 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 March 16, 2023, beginning at 9:00 a.m. (Eastern Time). The online replay will be available at approximately 11:00 a.m. (Eastern Ti
The Dow Jones index closed lower by around 0.2% on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Harvard Bioscience The Trade: Harvard Bioscience, Inc. (NASDAQ:HBIO) CEO James W Green bought a total of 10,000 shares at an average price of $2.91. To acquire these shares, it cost around $29,100. What's Happening: On May 7, Harvard Bioscience poste
The Dow Jones index closed higher by around 0.2% on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. PodcastOne The Trade: PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought a total of 18,000 shares at an average price of $1.86. To acquire these shares, it cost around $33,500. What's Happening: On June 6, Litchfield Hills analyst Ba
Gainers Genius Gr (AMEX:GNS) stock increased by 19.9% to $0.33 during Thursday's after-market session. The company's market cap stands at $65.1 million. Sypris Solutions (NASDAQ:SYPR) stock rose 7.87% to $1.78. The market value of their outstanding shares is at $40.5 million. Nerdy (NYSE:NRDY) shares moved upwards by 5.19% to $1.62. The company's market cap stands at $176.5 million. Kaixin Hldgs (NASDAQ:KXIN) stock rose 3.86% to $0.16. The company's market cap stands at $9.2 million. Purple Innovation (NASDAQ:PRPL) stock moved upwards by 3.41% to $1.21. The company's market cap stands at $130.0 million. Revolve Gr (NYSE:RVLV) stock increased by 3.12% to $18.5. The market value of their
The Dow Jones index closed higher by 0.25% on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. PodcastOne The Trade: PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought a total of 48,839 shares at an average price of $1.93. To acquire these shares, it cost around $93,641. What's Happening: On May 30, PodcastOne raised its FY25 rev
Sypris Solutions (NASDAQ:SYPR) reported quarterly losses of $(0.10) per share. This is a 900 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $35.55 million in sales this quarter. This is a 10.10 percent increase over sales of $32.29 million the same period last year.
The outlook for 2024 remains positive, with revenue now expected to increase 10-15% year-over-year, reflecting the continued momentum of new contract awards and strong backlog across many of the Company's markets. We expect gross profit to increase 20-25% for 2024, while gross margin is forecast to expand 150-175 basis points on a year-over-year basis. ... The outlook for 2024 remains quite positive, reflecting a strong backlog and the continued momentum of new contract awards across many of the Company's markets. Revenue for 2024 is forecast to increase 15-20%. Gross profit is expected to increase 25-30%, while gross margins are expected to expand 150-200 basis points year-over-yea
Sypris Solutions (NASDAQ:SYPR) reported quarterly losses of $(0.05) per share. This is a 600 percent decrease over earnings of $0.01 per share from the same period last year. The company reported $34.73 million in sales this quarter. This is a 16.91 percent increase over sales of $29.71 million the same period last year.
Gainers Interactive Strength (NASDAQ:TRNR) shares rose 79.7% to $1.15 during Monday's pre-market session. The company's market cap stands at $16.4 million. Arcimoto (NASDAQ:FUV) stock increased by 8.88% to $0.57. The market value of their outstanding shares is at $5.4 million. Emerson Radio (AMEX:MSN) stock increased by 6.69% to $0.55. The company's market cap stands at $11.5 million. As per the news, the Q3 earnings report came out 4 days ago. Sonder Holdings (NASDAQ:SOND) stock increased by 6.6% to $5.0. The market value of their outstanding shares is at $55.3 million. JOANN (NASDAQ:JOAN) stock increased by 6.36% to $0.5. The market value of their outstanding shares is at $20.9 millio
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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
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
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
To Supply Drivetrain Components for Heavy-Duty Commercial Vehicles Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a long-term, sole-source extension to its current supply agreement with one of the world's largest commercial vehicle manufacturers. The agreement provides for a continuation of Sypris' Ultra® Axle Shafts for use in the assemblies of the customer's branded drive axles for medium and heavy-duty trucks. The components produced by Sypris are essential to the performance of the drive axles of heavy-duty vehicles. The new agreement is effective immediately and once completed represents over 25 years of
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
System to Add Electronic Attack Capability to Defend Navy Ships ───────────────────── Deliveries Scheduled to Begin in 2024 Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received additional releases under a multi-year production contract that was first announced in 2022. The order, which provides for Sypris to begin deliveries in 2024, calls for the manufacture and test of electronic assemblies for an additional four systems to be supplied to a U.S. DOD contractor. 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
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
Specialty Closures for Use in Carbon Capture and Storage Systems Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received an award to supply specialty high-pressure closures for use in the Gorgon Project to support the optimization of the existing carbon capture and storage facilities. Shipments under this award are anticipated to be completed by year-end 2024. Terms of the order were not disclosed. The Gorgon Project is one of the world's largest natural gas projects. The project is located on Barrow Island, Australia and is comprised of three trains with a combined capacity of 15.6 million tonnes of gas per annu
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
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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