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. (NASDAQ/GM: SYPR) announced it will host an online conference call on May 18, 2021, at 9:00 a.m. (ET) to discuss its first-quarter 2021 financial results. The live broadcast can be accessed on their official website, with a replay available for 30 days post-event. The press release will include necessary financial and statistical details related to the earnings period. Sypris Solutions specializes in manufacturing truck components, oil and gas pipeline components, and aerospace defense electronics.
Sypris Electronics, a subsidiary of Sypris Solutions (SYPR), has secured a follow-on contract from a U.S. DoD prime contractor to produce and test electronic assemblies for a spacecraft program, with production set to begin in 2021. The spacecraft will support crewed missions to destinations like the Moon and Mars, featuring advanced technologies.
Jim Long, VP of Sypris Electronics, expressed enthusiasm about continuing their role in this crucial program, which highlights Sypris's longstanding experience in manufacturing space electronic hardware.
Sypris Solutions reported its fourth quarter and full-year results for 2020, demonstrating resilience amid the COVID-19 pandemic. Despite a 6.3% revenue decline, consolidated gross margin improved to 14.0%, and operating income surged by 102.1% compared to 2019. Sypris Electronics saw a 41.3% revenue increase, reflecting strong backlog and electronic component availability. The company anticipates a 20% revenue growth in 2021, supported by new contract awards in defense, communications, and energy sectors, alongside positive market recovery.
Sypris Solutions, Inc. (SYPR) will host a live webcast of its fourth quarter 2020 financial results on March 18, 2021, at 9:00 a.m. ET. The event will be accessible on the company's website, with a replay available after 11:00 a.m. ET for 30 days. Related presentation materials will be posted beforehand in the 'Investor Information' section of Sypris’ site. The company is recognized for its diversified manufacturing of truck components, oil and gas pipeline components, and aerospace and defense electronics.
Sypris Technologies, a subsidiary of Sypris Solutions (Nasdaq/GM: SYPR), has secured a contract extension with a leading commercial vehicle manufacturer. This agreement not only maintains existing product lines but also introduces two new axle shaft model lines starting in 2021. The patented Sypris Ultra® series axle shaft reduces drive axle assembly weight by approximately 16 pounds, enhancing braking distances and fuel efficiency. This strategic partnership aims to enhance vehicle performance and competitive advantages in the marketplace.
Sypris Solutions (SYPR) reported Q3 2020 revenue of $22.2 million, nearly flat year-over-year but up 29.2% sequentially. Gross profit surged 47.1% quarter-over-quarter, with EPS rising to $0.17, a turnaround from a loss a year prior. Key drivers included a strong backlog for Sypris Electronics, which saw a 52.6% revenue increase year-over-year. Sypris Technologies, however, faced challenges with a 22.9% decline in revenue year-over-year. The release of a tax valuation allowance contributed significantly to net income. Management remains optimistic about future growth.
Sypris Solutions, Inc. (NASDAQ: SYPR) will host a live webcast of its third quarter 2020 financial results on November 12, 2020, at 9:00 a.m. ET. The online replay will be accessible later that day at 11:00 a.m. ET for 30 days. Interested parties can find related presentation materials on the Company's website. Sypris Solutions specializes in truck components, oil and gas pipeline components, and aerospace and defense electronics, often operating under multi-year contracts.
Sypris Solutions, Inc. (NASDAQ: SYPR) will host an online webcast of its Q2 2020 financial results on August 13, 2020, starting at 9:00 a.m. ET. The live broadcast can be accessed at www.sypris.com. A replay will be available from 11:00 a.m. ET that day for 30 days. The company, which specializes in truck components, oil and gas pipeline components, and defense electronics, will provide related presentation materials in the 'Investor Information' section of its website. Details about its earnings announcement will also be shared there.
