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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
SC 13G/A - SYPRIS SOLUTIONS INC (0000864240) (Subject)
SC 13G/A - SYPRIS SOLUTIONS INC (0000864240) (Subject)
SC 13G - SYPRIS SOLUTIONS INC (0000864240) (Subject)
8-K - SYPRIS SOLUTIONS INC (0000864240) (Filer)
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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
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.
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