Sypris Solutions (SYPR) Reports Q3 Loss of $0.11/Share

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Go back to Sypris Solutions (SYPR) Reports Q3 Loss of $0.11/Share

Sypris Reports Third Quarter Results

November 13, 2018 7:45 AM EST

Gross Margin Expands 220 Basis Points

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September30,2018. While net revenue for the third quarter was relatively flat compared with the year-earlier quarter, the Company's overall gross margin improved versus the third quarter of 2017 and the net loss for the period narrowed significantly. These improvements continue to reflect the successful implementation of strategic initiatives to better align the Company's revenue and cost structure and diversify the Companys book of business, both in terms of customers and markets.

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