Sypris Solutions (SYPR) Reports Q1 Loss of $0.16/Share
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Sypris Reports First Quarter Results
May 16, 2017 7:45 AM EDTOn Target with $18 Million 2017 Cost Reduction Goal
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 2, 2017. Sypris Solutions continued to make progress on several important and strategic initiatives to better align its cost structure, while diversifying the Companys book of business, both in terms of customers and markets. Many of those steps have been completed or are nearing completion. As a result, the Company is positioned to achieve a more stable revenue base, along with higher gross profit and a return to profitable operations.
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