Sypris Solutions (SYPR) Reports In-Line Q2 EPS; Sells CSS Business to Analog Devices
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Sypris Reports Second Quarter Results
August 17, 2016 11:30 AM EDTAnnounces Sale of Cyber Security Solutions Business for $42 Million
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended July 3, 2016.
HIGHLIGHTS
For the Second Quarter:
Revenue for the Company was $23.5Â million, reflecting a reduction in demand for commercial vehicles and the rebalancing of inventory by certain customers. Gross profit increased $0.8Â million, reflecting an improvement in product mix within Sypris Electronics. Revenue for Sypris Electronics remained flat... More