Sypris Solutions (SYPR) Reports Q2 Loss of $0.02/sh

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Go back to Sypris Solutions (SYPR) Reports Q2 Loss of $0.02/sh

Sypris Reports Second Quarter Results

August 13, 2020 7:45 AM EDT

Sypris Electronics Sales up 28%; Gross Profit Up 73%

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended July 5, 2020. Having completed a series of strategic initiatives over the past several years, Sypris Solutions is now better positioned to achieve long-term growth and a return to profitable operations. These steps have included reducing and realigning the Companys cost structure while diversifying its book of business in terms of both customers and markets.

Results for the second quarter of 2020 fundamentally reflected these... More