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Stock impact report

Sypris Reports Third Quarter Results

Sypris Solutions, Inc. (SYPR) 
US:NASDAQ Investor Relations: sypris.com
Company Research Source: Business Wire
Gross Profit Up 48%; Revenue, EPS And Orders Rise LOUISVILLE, Ky.--(BUSINESS WIRE)--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September 29, 2024.HIGHLIGHTSRevenue 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 $0.03 per diluted share for the prior-year quarter, and up from $0.00 per diluted share sequentially.Revenue for Sypris Electronics increased 13.6%, reflecting the positive impact of recently announced contracts with customers serving the markets for electronic warfare, subsea co Show less Read more
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