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Sypris Solutions Inc (SYPR.OQ)

SYPR.OQ on NASDAQ Stock Exchange Global Market

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12 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Sypris Posts Q4 Loss Per Share $0.06
Tuesday, 20 Mar 2018 07:45am EDT 

March 20 (Reuters) - Sypris Solutions Inc ::SYPRIS REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 LOSS PER SHARE $0.06.Q4 REVENUE $21.5 MILLION VERSUS $20 MILLION.SEES FY 2018 REVENUE $90 MILLION TO $96 MILLION.‍RAISES GUIDANCE FOR 2018​.EXPECT TO RETURN TO PROFITABILITY ON A CONSOLIDATED BASIS FOR 2018.  Full Article

Sypris Wins Additional Contracts With Harris Corp
Monday, 26 Feb 2018 12:10pm EST 

Feb 26 (Reuters) - Sypris Electronics::SYPRIS WINS ADDITIONAL CONTRACTS WITH HARRIS CORPORATION.SYPRIS ELECTRONICS SAYS TERMS OF AGREEMENTS WERE NOT DISCLOSED.SYPRIS ELECTRONICS SAYS AWARDS FROM HARRIS INCLUDE PRODUCTION OF VARIETY OF ELECTRONIC ASSEMBLIES FOR MULTIPLE MUNITION DISPENSING SYSTEMS.  Full Article

Sypris posts Q3 loss per share $0.15
Tuesday, 14 Nov 2017 07:45am EST 

Nov 14 (Reuters) - Sypris Solutions Inc :Sypris reports third quarter results.Q3 loss per share $0.15.Q3 revenue $21.4 million versus $21.4 million.Sees Q4 revenue $20 million to $22 million.Sees FY 2018 revenue $86 million to $92 million.Sypris Solutions Inc sees ‍2018 gross margin of 15 pct to 17 pct​.Sypris Solutions - ‍production issues and delayed shipments at Sypris Technologies contributed to $2.2 million miss to forecasted gross profit for quarter​.Sypris - ‍Q4, 2018 expected to benefit from lower fixed overhead, production costs at Sypris Technologies, elimination of severance, other expenses​.Sypris Solutions Inc - ‍expect progress made last year and during nine months of 2017 will enable co's operations to return to profitability by end of H1 2018​.Sypris Solutions -‍ production issues faced in Q3 have been "substantially" resolved.  Full Article

Sypris reports Q2 loss per share $0.15
Tuesday, 15 Aug 2017 07:15am EDT 

Aug 15 (Reuters) - Sypris Solutions Inc :Sypris reports second quarter results.Q2 revenue $21.2 million versus $23.5 million.Q2 loss per share $0.15.Sypris Solutions Inc - Raises second half revenue guidance; confirms 15%-17% margin outlook​.Sypris Solutions Inc - Company expects to benefit from $20.7 million of new sales in 2018 and $24.8 million of new sales in 2019​.Sypris Solutions Inc - Expect gross margin to increase to 15.0%-17.0% of revenue for second half of year​.‍Raising expected revenue outlook for second half of 2017, which is now expected to range from $42.0-$44.0 million​.Sypris Solutions Inc - ‍EBITDA is expected to be 7.0%-9.0% of revenue for second half of 2017​.  Full Article

Sypris awarded several new contracts with Harris Corporation
Monday, 24 Jul 2017 11:53am EDT 

July 24 (Reuters) - Sypris Solutions Inc ::Sypris awarded several new contracts with Harris Corporation.Terms of agreements were not disclosed.  Full Article

Sypris reports Q1 loss per share of $0.16
Tuesday, 16 May 2017 07:45am EDT 

May 16 (Reuters) - Sypris Solutions Inc :Sypris reports first quarter results.Q1 loss per share $0.16.Q1 revenue $18.2 million versus $26.9 million.Sypris Solutions Inc says company affirmed key financial guidance with gross margin forecasted to be 5-7% of revenue for first half of 2017.Sypris Solutions Inc - Broadway transition plan is now expected to be completed by end of May 2017.Sypris Solutions Inc - Company remains on track through Q1 of 2017 with all cost reduction goals..Sypris Solutions Inc says outlook improves to 15 percent-17 percent of revenue for second half of year.Sypris Solutions Inc - expects margins to reach 15-17% of revenue for second half of 2017.Sypris Solutions Inc - expect revenue from new programs of $12.5 million for 2018 and $12.9 million for 2019.Sypris Solutions - have implemented a two-year plan to achieve $26.3 million in total annual cost eliminations which is expected to be realized in 2017.Sypris Solutions Inc says on target with $18 million 2017 cost reduction goal.Sypris Solutions Inc sees revenue for first six months of 2017 to be $38-$40 million, revenue for second half of 2017 expected to range from $40-$42 million.  Full Article

Sypris Solutions Q3 earnings per share $1.02
Wednesday, 16 Nov 2016 07:45am EST 

Sypris Solutions Inc : Sypris solutions inc - backlog for retained sypris electronics business was $30.3 million as of end of q3 of 2016 versus $12.0 million as of end of q3 of 2015 . Sypris solutions- sypris electronics began move to new manufacturing facility during q3,expected to reduce annual operating facility costs by about $2 million from 2017 . Q3 earnings per share $1.02 . Sypris reports third quarter results .Q3 revenue $21.4 million versus $38.4 million.  Full Article

BRIEF-Sypris Solutions Reports Q1 Loss Per Share Of $0.09

* EXPECT TO RETURN TO PROFITABILITY ON A CONSOLIDATED BASIS FOR 2018