Sypris Solutions (SYPR) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 Revenue Mid_point Guidance Above Consensus

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Go back to Sypris Solutions (SYPR) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 Revenue Mid_point Guidance Above Consensus

Sypris Reports Fourth Quarter and Full-Year 2018 Results

March 28, 2019 7:45 AM EDT

Double-Digit Revenue and Margin Growth Forecast for 2019

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full year ended December31,2018. Net revenue for the full year 2018 increased 6.9% over 2017 and gross margin improved 460 basis points. 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.

HIGHLIGHTS

The Companys fourth quarter revenue increased 11.5% over the... More