Sypris Reports Fourth Quarter and Full-Year 2018 Results
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Sypris Solutions (SYPR) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 Revenue Mid_point Guidance Above Consensus
March 28, 2019 7:48 AM EDTSypris Solutions (NASDAQ: SYPR) reported Q4 EPS of ($0.01), $0.01 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $24 million versus the consensus estimate of $23.5 million.
We were pleased with the year-over-year revenue growth and margin expansion at Sypris Technologies, commented Jeffrey T. Gill, president and chief executive officer. Shipment volumes remained strong in the quarter to support demand coming from the automotive and commercial vehicle markets, which experienced a 17% increase in shipments on a year-over-year basis.
We also experienced strengthening demand for our energy-related products, which resulted in a 22% increase... More
