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.
Sypris Solutions, Inc. (SYPR) reported strong financial performance for Q3 2021, with a 15.9% revenue increase year-over-year, totaling $25.7 million. Gross profit rose 12.4% despite supply chain issues. Sypris Electronics backlog grew 24% year-over-year, highlighting demand in defense and automotive sectors. The company revised its 2021 revenue outlook to increase by 20-25%. For 2022, a 25% revenue growth is anticipated alongside a 200 basis point increase in gross margin. Third-quarter net income was $0.3 million, down from $3.5 million last year.
Sypris Solutions, Inc. (NASDAQ/GM: SYPR) will host a quarterly conference call on November 10, 2021, at 9:00 a.m. ET to discuss its financial results and operations. Participants can join by dialing (833) 316-0560 or listen online at www.sypris.com. An online replay will be available post-call for 30 days. Sypris is a diversified provider of truck components, oil and gas pipeline components, and aerospace and defense electronics, often engaged in multi-year, sole-source contracts.
Sypris Solutions (SYPR) announced a strong second quarter for 2021, with revenue increasing by 51.4% year-over-year to $26.0 million. The net income rose to $3.8 million or $0.17 per diluted share, boosted by the forgiveness of a $3.6 million PPP loan. Gross profit saw a significant increase of 103.2% year-over-year, leading to a gross margin of 16.6%. Backlog in both electronics and technology segments rose significantly, indicating strong future growth. The company also revised its revenue outlook for 2021 to 30-35% growth.
Sypris Solutions, Inc. (NASDAQ/GM: SYPR) will host a real-time online webcast for its Q2 2021 financial results on August 12, 2021, starting at 9:00 a.m. Eastern Time. The live broadcast will be accessible at www.sypris.com, with a replay available for 30 days post-event. This will include necessary financial statistics and related presentation materials, located under the “Investor Information” section. Sypris Solutions specializes in truck components, oil and gas pipeline components, and aerospace and defense electronics, often securing multi-year contracts.
Sypris Electronics, a unit of Sypris Solutions (SYPR), has secured a full-rate production contract from a U.S. DOD prime contractor to produce electronic power supply modules for a critical U.S. Navy electronic warfare program. This system will enhance the Navy's ability to counteract missile threats through advanced electronic countermeasures. Production will commence in the latter half of 2021. The project aims to improve mission capability and reduce costs, while the company expresses enthusiasm about deepening its partnership with a key military customer.
Sypris Solutions (Nasdaq: SYPR) reported Q1 2021 revenue of $20 million, down from $22.4 million year-over-year. Despite a decrease in revenue due to late material receipts, customer orders were strong, with Sypris Electronics seeing a 70% increase in orders. Backlog surged by 36.3%, and the company raised its full-year revenue outlook to a 25-30% increase. Contracts for electronic assemblies and long-term contracts in commercial vehicles and energy projects support anticipated growth, while challenges in the oil and gas sector are expected to improve.
