Sypris Solutions (SYPR) Posts Q3 EPS of $1.02

Sypris Solutions (NASDAQ: SYPR) reported Q3 EPS of $1.02, which may not compare with the analyst estimate of ($0.25). Revenue for the quarter came in at $21.4 million versus the consensus estimate of $21.85 million.

The results for the three and nine months ended October 2, 2016 include a gain of $31.2 million from the CSS sale and a gain of $2.4 million from a sale-leaseback transaction, which occurred during the first quarter of 2016. The results for the three and nine months ended October 4, 2015 include a gain of $7.7 million from the sale of the Company’s manufacturing facility in Morganton, North Carolina partially offset by a non-cash charge of $2.4 million to reserve the net deferred tax asset in Mexico.

For earnings history and earnings-related data on Sypris Solutions (SYPR) click here.

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