Sypris Solutions (SYPR) Announces New $5M Buyback Plan

Sypris Solutions, Inc. (Nasdaq: SYPR) announced today that its Board of Directors approved a new program authorizing the Company to repurchase up to $5 million of its outstanding shares of common stock from time to time over the next twelve months. The share repurchase program does not obligate the Company to repurchase a minimum number of shares, and the program may be suspended or discontinued at any time without prior notice. The share repurchase program will be funded with the Company's cash on hand, and repurchased shares will be retired and returned to unissued status.

“Sypris is positioned for profitable growth in a way that we believe is still unrecognized by the market,” said Jeffrey T. Gill, President and Chief Executive Officer. “We are pleased to launch our share repurchase program with this initial $5 million authorization to take advantage of this situation.”

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