Sypris Solutions (SYPR) Reports Q3 EPS of $0.17

Sypris Solutions (NASDAQ: SYPR) reported Q3 EPS of $0.17, versus ($0.07) reported last year. Revenue for the quarter came in at $22.15 million, versus $22.26 million reported last year.

Outlook:

Commenting on the future, Mr. Gill added, “First and foremost, we remain focused on the health and safety of our employees, their families and our customers. While the future potential impact of a second wave of the pandemic remains unknown, demand has strengthened significantly from customers serving the automotive, commercial vehicle and sport utility markets. Similarly, demand from customers in the defense and communications sector remains robust. While the energy market continues to be volatile, we continue to see wins on important large projects around the world.

“As we close out this year and prepare for 2021, we remain focused on meeting the important needs of our customers who serve defense, communications, energy, transportation, and other critical infrastructure industries. With a strong backlog and recovering markets, we believe that the outlook for the coming year has the potential to be one of positive top line growth and further margin expansion for Sypris. We are increasingly optimistic about the coming year.”

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

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