Sypris SolutionsSYPR
SYPR
About: Sypris Solutions Inc is a USA-based company engaged in providing truck components, oil and gas pipeline components, and aerospace and defense electronics. The company offers a range of manufacturing, engineering, design, and other technical services. The business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of machined, welded, and heat-treated steel components for heavy commercial vehicle and high-pressure energy pipeline applications whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives the revenue from the Technologies segment.
Employees: 752
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 19 [Q2] → 19 (+0) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
7.79% less ownership
Funds ownership: 25.92% [Q2] → 18.13% (-7.79%) [Q3]
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
41% less capital invested
Capital invested by funds: $11.3M [Q2] → $6.66M (-$4.66M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SYPR.
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Sypris Q3 Earnings Rise Y/Y on Defense Demand, 2024 View Updated
SYPR reports Q3 earnings growth on a year-over-year basis, driven by defense demand and a strong backlog. It is updating its 2024 revenue outlook amid steady demand across sectors.
Neutral
Business Wire
1 month ago
Sypris Reports Third Quarter Results
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended September 29, 2024. HIGHLIGHTS Revenue for the quarter increased 6.2% year-over-year, driven by a 13.6% increase for Sypris Electronics and a 0.7% increase for Sypris Technologies. Orders were up 6.5% for the quarter and 13.4% year-to-date, reflecting positive growth for both businesses. Gross profit for the Company increased 48.0% from the prior-year period an.
Neutral
Business Wire
4 months ago
Sypris Appoints Rebecca R. Eckert as Vice President, Chief Accounting Officer and Controller
LOUISVILLE, Ky.--(BUSINESS WIRE)--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) (the “Company”) announced today the appointment of Rebecca R. Eckert, the Company's current Controller, to the position of Vice President, Chief Accounting Officer and Controller, effective as of November 1, 2024. Mrs. Eckert will serve as the Company's principal financial officer and principal accounting officer. Mrs. Eckert will remain located at the Company's headquarters in Louisville, Kentucky and will report to Jef.
Neutral
Zacks Investment Research
4 months ago
Sypris (SYPR) Q2 Earnings Break Even With Mixed Segment Results
Sypris (SYPR) reports breakeven EPS for second-quarter 2024, with stable revenue at $35.5 million. Growth in Sypris Electronics and higher gross profit were offset by rising costs and challenges in Sypris Technologies.
Neutral
Business Wire
4 months ago
Sypris Reports Second Quarter Results
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended June 30, 2024. HIGHLIGHTS ───────────────────── The Company's second quarter 2024 consolidated revenue was even with the prior year at $35.5 million, reflecting a rotation in mix driven by continued growth at Sypris Electronics and reduced shipments for Sypris Technologies. Orders are up 15.8% year-to-date, reflecting positive growth for both businesses. Gross.
Neutral
Zacks Investment Research
4 months ago
Zacks Initiates Coverage of Sypris Solutions With Neutral Recommendation
Discover why Zacks rates Sypris Solutions as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore insights on its key contract extensions, expansion in electronic warfare and strong cash position while considering its high debt levels and competitive risks.
Neutral
Business Wire
4 months ago
Sypris Appoints Curtis S. Petrie as Vice President of Administration
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) (the “Company”) announced today the appointment of Curtis S. Petrie, a corporate director of the Company, to the position of Vice President of Administration, effective September 1, 2024. Mr. Petrie will remain located at the Company's headquarters in Louisville, Kentucky and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Mr. Petrie has served as Corporate Direct.
Positive
Zacks Investment Research
4 months ago
5 Microcaps with Exposure to Defense Spending
Global defense spending is perking up and these 5 microcaps may benefit.
Neutral
Business Wire
5 months ago
Sypris Awarded Long-Term Contract Extension With Global Truck OEM
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a long-term, sole-source extension to its current supply agreement with one of the world's largest commercial vehicle manufacturers. The agreement provides for a continuation of Sypris' Ultra® Axle Shafts for use in the assemblies of the customer's branded drive axles for medium and heavy-duty trucks. The components produced by Sypris ar.
Neutral
Business Wire
5 months ago
Sypris Appoints Rachel Ainsworth Brady, Esq. as Senior Corporate Counsel and Secretary
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Rachel Ainsworth Brady, Esq. to the position of Senior Corporate Counsel and Secretary, effective July 8, 2024. Ms. Brady will be located at the Company's headquarters in Louisville, Kentucky and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Prior to joining Sypris, Ms. Brady most recently served as Corporate Counsel with Ameri.
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