Sypris Reports First Quarter Results

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Go back to Sypris Reports First Quarter Results

Sypris Solutions (SYPR) Misses Q1 EPS by 2c, Miss on Revenues

May 15, 2018 7:47 AM EDT

Sypris Solutions (NASDAQ: SYPR) reported Q1 EPS of ($0.09), $0.02 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $19.94 million versus the consensus estimate of $20.35 million.

Outlook

Commenting on the future, Mr. Gill added, Our markets are poised to provide Sypris with the opportunity for healthy, double-digit revenue growth during 2018. New contract awards and market expansion are expected to occur in each of our targeted markets for energy, automotive, commercial vehicle and aerospace and defense products.

Third-party forecasts for the Class 8 commercial vehicle market indicate... More