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Sypris Solutions Inc - SYPR STOCK NEWS

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

Sypris Solutions Inc. (symbol: SYPR) is a leading provider of truck components, oil and gas pipeline components, and aerospace and defense electronics primarily serving markets in North America and Mexico. The company operates through two main segments: Sypris Technologies and Sypris Electronics.

The Sypris Technologies segment specializes in the supply of forged, machined, welded, and heat-treated steel components. Their products cater to the commercial vehicle, off-highway vehicle, light truck, automotive, and energy markets. Key offerings include drive train components such as axle shafts, transmission shafts, gear sets, and steer axle knuckles. Additionally, they provide value-added operations for drive train assemblies and manufacture pressure closures and other fabricated products for oil and gas pipelines.

The Sypris Electronics segment focuses on providing electronic manufacturing services. This includes circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, and design for manufacturability services. Their products are highly regarded in the aerospace and defense electronics markets.

Sypris Solutions Inc. is noted for its robust engineering and technical services, which support its diverse product range. The company emphasizes innovation, quality, and reliability, ensuring its components and services meet rigorous industry standards.

Recent achievements include strategic partnerships and the successful completion of several high-profile projects. Financially, Sypris has maintained a stable condition with consistent revenue primarily derived from the Sypris Technologies segment.

News

Sypris Wins Award for the Gorgon Project in Western Australia

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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 Reports Third Quarter Results

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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. to Announce Third Quarter Financial Results, Host Conference Call and Webcast November 15

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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 Wins Award for Cryptographic Program

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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 Wins Two Follow-On Contract Awards for Electronic Warfare Communications and Navigation Program

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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 Reports Second Quarter Results

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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 Solutions, Inc. to Announce Second Quarter Financial Results, Host Conference Call and Webcast on August 15

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Sypris Wins Award for Venture Global CP2 LNG Export Terminal and Venture Global CP Express Natural Gas Pipeline Project

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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 Receives Order for Atoka Water Project for Oklahoma City

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Sypris Reports First Quarter Results

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FAQ

What is the current stock price of Sypris Solutions (SYPR)?

The current stock price of Sypris Solutions (SYPR) is $2.1378 as of January 31, 2025.

What is the market cap of Sypris Solutions (SYPR)?

The market cap of Sypris Solutions (SYPR) is approximately 50.4M.

What does Sypris Solutions Inc. do?

Sypris Solutions Inc. provides truck components, oil and gas pipeline components, and aerospace and defense electronics.

What are the two main segments of Sypris Solutions?

The company operates through Sypris Technologies and Sypris Electronics segments.

What markets does Sypris Technologies serve?

Sypris Technologies serves the commercial vehicle, off-highway vehicle, light truck, automotive, and energy markets.

What services does Sypris Electronics offer?

Sypris Electronics provides electronic manufacturing services, including circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, and design for manufacturability services.

Where does Sypris Solutions primarily operate?

Sypris Solutions primarily operates in North America and Mexico.

What industries benefit from Sypris Technologies' products?

Industries including automotive, heavy commercial vehicle, and energy sectors benefit from Sypris Technologies' products.

How does Sypris Solutions ensure product quality?

Sypris Solutions emphasizes innovation, quality, and reliability, ensuring its components and services meet rigorous industry standards.

What are some key products of Sypris Technologies?

Key products include axle shafts, transmission shafts, gear sets, steer axle knuckles, and pressure closures for oil and gas pipelines.

What recent achievements has Sypris Solutions accomplished?

Recent achievements include strategic partnerships and the successful completion of several high-profile projects.

What is the primary revenue source for Sypris Solutions?

The primary revenue source for Sypris Solutions is the Sypris Technologies segment.
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Sypris Solutions Inc

Nasdaq:SYPR

SYPR Rankings

#4900 Ranked by Market Cap
N/A Ranked by Dividends

SYPR Stock Data

50.42M
12.09M
47.21%
17.17%
2.65%
Auto Parts
Industrial Instruments for Measurement, Display, and Control
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United States of America
LOUISVILLE