Sypris Solutions (SYPR) Tops Q2 EPS by 17c

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Go back to Sypris Solutions (SYPR) Tops Q2 EPS by 17c

Sypris Reports Second Quarter Results

August 12, 2021 7:45 AM EDT

REVENUE UP 51%; EPS RISES TO $0.17; 2021 OUTLOOK INCREASED

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

HIGHLIGHTS

Revenue for the second quarter increased 51.4% year-over-year and 30.0% sequentially, driven by the accelerating expansion of shipments at Sypris Technologies. Gross profit increased 103.2% year-over-year and 137.3% sequentially, while gross margin expanded to 16.6%, up 420 basis points over the prior year and up 750... More