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Sypris Solutions Inc (SYPR.OQ)

SYPR.OQ on NASDAQ Stock Exchange Global Market

1.42USD
15 Dec 2017
Change (% chg)

$-0.07 (-4.70%)
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Latest Key Developments (Source: Significant Developments)

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

Sypris Solutions Q2 loss per share $0.26
Wednesday, 17 Aug 2016 11:30am EDT 

Sypris Solutions Inc : Q2 loss per share $0.26 . Sypris reports second quarter results .Q2 revenue $23.5 million versus $40.8 million.  Full Article

Sypris Solutions reports Q1 loss per share $0.26
Wednesday, 18 May 2016 07:00am EDT 

Sypris Solutions Inc : Sypris reports first quarter results . Q1 loss per share $0.26 .Q1 revenue $26.9 million versus $37 million.  Full Article

BRIEF-Sypris posts Q3 loss per share $0.15

* Sypris Solutions Inc sees ‍2018 gross margin of 15 pct to 17 pct​