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Sypris Solution - SYPR STOCK NEWS

Welcome to our dedicated page for Sypris Solution news (Ticker: SYPR), a resource for investors and traders seeking the latest updates and insights on Sypris Solution stock.

Sypris Solutions Inc (SYPR) delivers mission-critical components for transportation, energy, and defense sectors through its Sypris Technologies and Sypris Electronics divisions. This news hub provides investors and industry professionals with comprehensive access to corporate announcements, financial updates, and operational developments.

Track official press releases covering quarterly earnings, manufacturing innovations, defense contract awards, and strategic initiatives. Our curated collection includes updates on automotive component production, pipeline infrastructure projects, and aerospace electronics advancements – all essential for understanding SYPR's market position.

Discover timely information on:
New commercial vehicle component contracts
Oil & gas pipeline product developments
Aerospace/defense electronics milestones
Financial performance reports
Strategic partnerships and operational updates

Bookmark this page for direct access to verified SYPR news sources, ensuring informed decision-making without promotional bias. Check regularly for updates reflecting the company's dual expertise in precision manufacturing and high-reliability electronics.

News
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Sypris Solutions, Inc. (SYPR) reported a 16.9% increase in revenue for the quarter and a 23.7% increase for the full year, driven by growth in both segments. Sypris Electronics saw a 25.2% and 42.7% revenue increase for the quarter and full year, respectively, due to demand in Electronic Warfare, Aircraft, and Missile Avionics. Sypris Technologies revenue grew by 10.8% and 12.5% for the quarter and full year, respectively, from customers in Commercial Vehicle, Specialty Automotive, and Energy markets. The company secured multimillion-dollar contracts for electronic warfare and communications avionics systems and received awards for secure communications infrastructure and high-pressure closures for a liquified natural gas project. Despite a net loss of $1.1 million for the quarter and $1.6 million for the full year, the outlook for 2024 remains positive with revenue expected to increase by 10-15% and gross profit to increase by 20-25%, driven by new contract awards and strong backlog.
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Sypris Technologies, Inc. (SYPR) secures an award to supply specialty high-pressure closures for the Gorgon Project, a significant carbon capture and storage initiative in Australia. The project aims to inject and trap five million tonnes of CO2 into a sandstone formation, equivalent to removing 1.6 million cars off the roads for a year. Sypris will provide Tube Turns®-branded closures rated at 710 psi with Inconel Alloy 625 overlay, showcasing its expertise in supporting global energy projects.
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Sypris Solutions, Inc. (SYPR) reports a 33.3% year-over-year revenue increase, driven by strong performance in Sypris Electronics and Sypris Technologies. Gross profit surged by 105%, with significant improvements in both segments. The company's 2024 outlook is positive, with a forecasted 15-20% revenue increase and 25-30% gross profit growth, reflecting a strong backlog and new contract awards. The company's financial results for Q3 2023 showed a net loss of $0.6 million, with revenue reaching $33.6 million.
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Sypris Solutions, Inc. (NASDAQ: SYPR) to Host Conference Call to Discuss Financial Results and Operations on November 15, 2023
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Sypris Solutions, Inc. (Nasdaq/GM: SYPR) has received a follow-on award to manufacture and test embedded circuit card assemblies for the Army Key Management System (AKMS). The award extends the production backlog into 2025, reinforcing the company's position as a long-standing electronics manufacturing services partner in the encrypted communications sector.
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Sypris Electronics, a subsidiary of Sypris Solutions, has received two multimillion-dollar contract awards to manufacture advanced integrated electronic warfare and communications avionics system modules for a U.S. global defense contractor. The production is expected to begin in 2023 and continue until mid-year 2025. The program is for an American family of stealth multirole combat aircraft, with plans to build over 700 of the various versions through 2030 for sale to the U.S. and its allies.
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Sypris Solutions reports Q2 2023 financial results: Revenue up 22.6%, backlog up 25.5%, EPS rises to $0.01 per diluted share. Sypris Electronics receives additional releases under U.S. Navy contract. Sypris Technologies awarded new program for drivetrain components. Full-year outlook maintains 25-30% revenue increase.
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Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc., has received an award to supply specialty high-pressure closures for the Venture Global CP2 LNG Export Terminal and the Venture Global CP Express Natural Gas Pipeline Project. The shipments are expected to be completed by the end of 2023. The CP2 LNG facility will have a nameplate export capacity of 20 million metric tonnes per annum. The CP Express will consist of approximately 85.1 miles of new 48-inch-diameter natural gas pipeline. Sypris will manufacture and supply its Tube Turns®-branded specialty, high-pressure Tool-less® closures for the filtration systems of the project.
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Sypris Solution

Nasdaq:SYPR

SYPR Rankings

SYPR Stock Data

40.75M
12.09M
47.11%
17.47%
2%
Auto Parts
Industrial Instruments for Measurement, Display, and Control
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United States
LOUISVILLE