Sypris Solutions (SYPR) Reports In-Line Q4 EPS

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Go back to Sypris Solutions (SYPR) Reports In-Line Q4 EPS

Sypris Reports 2015 Results

March 30, 2016 7:45 AM EDT

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/NM: SYPR) today reported financial results for its fourth quarter and full year ended December 31, 2015.

HIGHLIGHTS

For the Fourth Quarter:

Consolidated revenue and gross profit for the fourth quarter declined sequentially, primarily reflecting a reduction in the demand for commercial vehicles and the rebalancing of inventory by certain customers. Revenue for Sypris Electronics increased 26% from the prior fourth quarter to $8.9 million, while gross profit increased $1.2 million to $0.3 million.... More