Sypris Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2023
November 15, 2023 at 07:51 am EST
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Sypris Solutions, Inc. reported earnings results for the third quarter and nine months ended October 01, 2023. For the third quarter, the company reported sales was USD 33.58 million compared to USD 25.2 million a year ago. Revenue was USD 33.58 million compared to USD 25.2 million a year ago. Net loss was USD 0.555 million compared to USD 2.24 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.1 a year ago.
For the nine months, sales was USD 101.49 million compared to USD 80.41 million a year ago. Revenue was USD 101.49 million compared to USD 80.41 million a year ago. Net loss was USD 0.517 million compared to USD 2.63 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.12 a year ago.
Sypris Solutions, Inc. is a diversified manufacturing and engineering services company serving the defense, transportation, communications, and energy industries. The Company is a provider of truck components, oil and gas pipeline components and aerospace and defense electronics. Its segments include Sypris Technologies, Inc. (Sypris Technologies) and Sypris Electronics, LLC (Sypris Electronics). Sypris Technologies is a supplier of forged and machined components, serving the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial and energy markets in North America. Sypris Technologies manufactures energy-related products, such as pressurized closures, insulated joints, and other specialty products, primarily for oil and gas pipelines. Sypris Electronics segment is engaged in circuit card and full box build manufacturing and design for manufacturability and design to specification, for customers in the aerospace and defense electronics markets.
SYPRIS SOLUTIONS, INC. 
