Sypris Solutions (SYPR) Reports Q1 Loss of $0.08/sh

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Go back to Sypris Solutions (SYPR) Reports Q1 Loss of $0.08/sh

Sypris Reports First Quarter Results

May 18, 2021 7:45 AM EDT

2021 OUTLOOK RAISED; ORDERS UP 70% AT SYPRIS ELECTRONICS

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 4, 2021.

HIGHLIGHTS

Customer orders were robust during the period, while revenue was less than the prior year quarter due to late material receipts and customer releases that have since been resolved and are expected to support future growth. Gross margin decreased from the prior-year period as a... More