See more : DIVE INC (151A.T) Income Statement Analysis – Financial Results
Complete financial analysis of Sypris Solutions, Inc. (SYPR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sypris Solutions, Inc., a leading company in the Auto – Parts industry within the Consumer Cyclical sector.
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Sypris Solutions, Inc. (SYPR)
About Sypris Solutions, Inc.
Sypris Solutions, Inc. provides truck components, oil and gas pipeline components, and aerospace and defense electronics primarily in North America and Mexico. It operates in two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged, machined, welded, and heat-treated steel components for the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial, light truck, and energy markets. This segment also offers drive train components, including axle shafts, transmission shafts, gear sets, steer axle knuckles, and other components for automotive, truck, and recreational vehicle manufacturers. In addition, it provides value added operations for drive train assemblies; and manufactures pressure closures and other fabricated products for oil and gas pipelines. The Sypris Electronics segment offers electronic manufacturing services, such as circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufacturability, and design for specification work for aerospace and defense electronics markets. This segment also provides circuit card assembly services for electronic sensors and systems, including radar systems, tactical ground stations, navigation systems, weapons systems, and targeting and warning systems; and value-added solutions, such as low-volume prototype assembly and high-volume turnkey manufacturing. The company also offers engineering design and repair or inspection services. In addition, it sells its engineered product under the Tube Turns brand. The company was incorporated in 1997 and is headquartered in Louisville, Kentucky.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 136.22M | 110.12M | 97.43M | 82.35M | 87.89M | 87.97M | 82.29M | 91.80M | 145.32M | 354.78M | 310.71M | 341.60M | 335.63M | 266.65M | 265.90M | 411.32M | 435.92M | 497.66M | 522.77M | 425.40M | 276.61M | 273.48M | 254.64M | 216.57M | 202.13M | 211.60M | 113.40M | 224.70M | 273.60M | 274.10M |
| Cost of Revenue | 118.98M | 95.27M | 82.93M | 70.78M | 78.01M | 80.40M | 79.31M | 91.05M | 145.01M | 315.95M | 280.66M | 297.86M | 300.40M | 240.79M | 249.88M | 379.15M | 396.12M | 456.57M | 471.43M | 373.25M | 230.59M | 223.96M | 211.09M | 168.34M | 150.59M | 157.80M | 108.40M | 212.70M | 263.60M | 232.50M |
| Gross Profit | 17.25M | 14.85M | 14.51M | 11.57M | 9.88M | 7.57M | 2.98M | 749.00K | 318.00K | 38.83M | 30.05M | 43.75M | 35.23M | 25.87M | 16.02M | 32.17M | 39.80M | 41.09M | 51.34M | 52.16M | 46.01M | 49.52M | 43.55M | 48.23M | 51.55M | 53.80M | 5.00M | 12.00M | 10.00M | 41.60M |
| Gross Profit Ratio | 12.66% | 13.49% | 14.89% | 14.04% | 11.24% | 8.61% | 3.62% | 0.82% | 0.22% | 10.94% | 9.67% | 12.81% | 10.50% | 9.70% | 6.02% | 7.82% | 9.13% | 8.26% | 9.82% | 12.26% | 16.63% | 18.11% | 17.10% | 22.27% | 25.50% | 25.43% | 4.41% | 5.34% | 3.65% | 15.18% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.00K | 330.00K | 779.00K | 579.00K | 3.05M | 3.82M | 3.40M | 3.15M | 2.80M | 4.20M | 2.82M | 1.99M | 2.83M | 3.70M | 4.17M | 3.35M | 3.05M | 3.57M | 6.41M | 5.90M | 100.00K | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 12.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.28M | 14.49M | 12.60M | 11.35M | 13.68M | 10.47M | 13.13M | 22.01M | 27.85M | 35.53M | 30.46M | 30.80M | 28.32M | 27.72M | 28.19M | 41.45M | 40.52M | 38.59M | 35.67M | 35.25M | 26.71M | 27.11M | 26.13M | 26.88M | 23.39M | 28.20M | 6.50M | 11.80M | 22.70M | 25.80M |
| Other Expenses | 0.00 | -800.00K | -645.00K | -544.00K | 1.26M | 1.44M | 1.91M | 35.51M | 8.64M | 1.28M | 930.00K | 2.06M | -2.90M | 113.00K | 114.00K | 213.00K | -2.72M | 645.00K | 664.00K | 596.00K | 194.00K | 97.00K | 1.33M | 9.35M | 7.58M | 6.90M | 3.80M | 5.20M | 5.60M | 5.40M |
| Operating Expenses | 16.28M | 14.49M | 12.60M | 11.35M | 13.68M | 10.47M | 13.17M | 22.34M | 28.62M | 36.11M | 33.54M | 34.70M | 28.81M | 30.98M | 31.11M | 45.86M | 40.62M | 41.23M | 39.17M | 39.54M | 31.07M | 30.57M | 30.52M | 39.81M | 37.38M | 41.00M | 10.40M | 17.00M | 28.30M | 31.20M |
| Cost & Expenses | 135.25M | 109.76M | 95.52M | 82.13M | 91.69M | 90.87M | 92.48M | 113.39M | 173.63M | 352.06M | 314.20M | 332.56M | 329.21M | 271.77M | 280.99M | 425.01M | 436.74M | 497.80M | 510.59M | 412.79M | 261.66M | 254.52M | 241.61M | 208.15M | 187.96M | 198.80M | 118.80M | 229.70M | 291.90M | 263.70M |
| Interest Income | 0.00 | 1.11M | 868.00K | 838.00K | 903.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 777.00K | 1.11M | 868.00K | 838.00K | 903.00K | 850.00K | 809.00K | 4.88M | 4.22M | 617.00K | 522.00K | 437.00K | 1.73M | 2.38M | 4.29M | 4.24M | 3.69M | 3.71M | 5.98M | 2.10M | 1.69M | 2.74M | 4.11M | 4.04M | 0.00 | 1.30M | 0.00 | 2.90M | 2.90M | 2.00M |
| Depreciation & Amortization | 3.26M | 3.98M | 3.61M | 3.41M | 2.67M | 2.65M | 3.88M | 6.29M | 9.04M | 10.41M | 12.40M | 12.25M | 14.22M | 14.72M | 15.19M | 25.38M | 29.39M | 28.78M | 25.91M | 19.07M | 12.83M | 11.39M | 9.86M | 9.35M | 7.58M | 6.90M | 3.80M | 5.20M | 5.60M | 5.40M |
| EBITDA | 3.10M | 3.54M | 8.47M | 2.96M | -379.00K | -212.00K | -6.75M | 17.51M | -11.97M | 14.41M | 2.94M | 25.20M | 27.00M | 8.40M | 13.52M | -106.16M | 28.56M | 28.65M | 39.76M | 32.96M | 27.71M | 30.34M | 22.89M | 14.83M | 21.75M | 19.70M | 9.20M | 10.40M | -12.70M | 15.80M |
| EBITDA Ratio | 2.28% | 2.41% | 4.01% | 2.64% | 0.15% | 1.34% | -5.33% | 22.01% | -7.31% | 4.06% | 3.17% | 6.84% | 6.15% | 3.60% | 6.90% | 2.84% | 5.81% | 5.68% | 7.03% | 7.41% | 10.12% | 11.04% | 8.85% | 9.41% | 10.65% | 9.22% | -4.50% | 0.04% | -4.46% | 5.95% |
| Operating Income | 969.00K | -436.00K | 1.27M | -330.00K | -2.54M | -4.30M | -12.54M | -22.76M | -29.64M | 2.72M | -10.39M | 9.05M | 6.18M | -7.41M | -22.79M | -59.22M | -823.00K | -135.00K | 12.22M | 12.61M | 14.94M | 18.96M | 13.03M | 8.42M | 14.17M | 12.80M | -5.40M | -5.00M | -18.30M | 10.40M |
| Operating Income Ratio | 0.71% | -0.40% | 1.30% | -0.40% | -2.89% | -4.88% | -15.24% | -24.79% | -20.40% | 0.77% | -3.34% | 2.65% | 1.84% | -2.78% | -8.57% | -14.40% | -0.19% | -0.03% | 2.34% | 2.97% | 5.40% | 6.93% | 5.12% | 3.89% | 7.01% | 6.05% | -4.76% | -2.23% | -6.69% | 3.79% |
| Total Other Income/Expenses | -1.90M | -1.91M | 2.09M | -1.38M | -156.00K | 586.00K | -1.26M | 29.10M | 4.42M | 665.00K | 408.00K | 3.47M | 4.87M | 1.00M | -3.16M | -72.52M | -3.72M | -3.32M | -4.65M | -1.96M | -1.86M | -2.58M | -3.75M | -3.69M | -1.51M | -1.10M | 8.00M | -1.40M | -3.30M | -2.40M |
| Income Before Tax | -933.00K | -1.55M | 4.00M | -1.29M | -3.95M | -3.71M | -11.44M | 6.34M | -25.22M | 3.39M | -9.98M | 12.52M | 11.06M | -8.70M | -8.47M | -132.04M | -4.54M | -3.46M | 7.57M | 10.65M | 13.02M | 16.37M | 9.28M | 1.79M | 12.66M | 11.70M | -3.00M | -7.80M | -21.60M | 8.00M |
| Income Before Tax Ratio | -0.68% | -1.40% | 4.10% | -1.57% | -4.50% | -4.22% | -13.90% | 6.91% | -17.36% | 0.95% | -3.21% | 3.66% | 3.29% | -3.26% | -3.18% | -32.10% | -1.04% | -0.69% | 1.45% | 2.50% | 4.71% | 5.99% | 3.64% | 0.82% | 6.26% | 5.53% | -2.65% | -3.47% | -7.89% | 2.92% |
| Income Tax Expense | 663.00K | 948.00K | 1.07M | -2.96M | -4.00K | -205.00K | -618.00K | 301.00K | 1.99M | 4.57M | -93.00K | 2.25M | 2.62M | 1.00M | -3.16M | -1.49M | -2.40M | -2.09M | 2.25M | 3.25M | 4.88M | 4.93M | 2.91M | -1.40M | 3.10M | 4.30M | 200.00K | 800.00K | -3.90M | 3.30M |
| Net Income | -1.60M | -2.49M | 2.92M | 1.67M | -3.95M | -3.51M | -10.82M | 6.04M | -27.22M | -1.18M | -9.89M | 3.05M | 7.91M | -10.20M | 2.69M | -130.56M | -2.14M | -1.36M | 5.32M | 7.41M | 8.14M | 11.44M | 6.37M | 3.18M | 9.56M | 7.40M | -3.20M | -8.60M | -17.70M | 4.70M |
| Net Income Ratio | -1.17% | -2.26% | 3.00% | 2.03% | -4.49% | -3.98% | -13.15% | 6.58% | -18.73% | -0.33% | -3.18% | 0.89% | 2.36% | -3.83% | 1.01% | -31.74% | -0.49% | -0.27% | 1.02% | 1.74% | 2.94% | 4.18% | 2.50% | 1.47% | 4.73% | 3.50% | -2.82% | -3.83% | -6.47% | 1.71% |
| EPS | -0.07 | -0.11 | 0.13 | 0.08 | -0.19 | -0.17 | -0.53 | 0.30 | -1.38 | -0.06 | -0.51 | 0.13 | 0.40 | -0.55 | 0.14 | -7.11 | -0.12 | -0.08 | 0.30 | 0.48 | 0.57 | 0.87 | 0.64 | 0.33 | 1.00 | 0.79 | -0.78 | -2.09 | -4.52 | 1.24 |
| EPS Diluted | -0.07 | -0.11 | 0.13 | 0.08 | -0.19 | -0.17 | -0.53 | 0.30 | -1.38 | -0.06 | -0.51 | 0.13 | 0.40 | -0.55 | 0.14 | -7.11 | -0.12 | -0.08 | 0.29 | 0.47 | 0.56 | 0.84 | 0.63 | 0.32 | 0.97 | 0.76 | -0.78 | -2.09 | -4.52 | 1.20 |
| Weighted Avg Shares Out | 21.88M | 21.73M | 21.59M | 21.08M | 20.87M | 20.51M | 20.33M | 19.86M | 19.69M | 19.59M | 19.35M | 19.05M | 18.82M | 18.61M | 18.47M | 18.37M | 18.23M | 18.08M | 18.02M | 17.12M | 14.24M | 13.12M | 9.83M | 9.67M | 9.52M | 9.44M | 4.09M | 4.12M | 3.92M | 3.79M |
| Weighted Avg Shares Out (Dil) | 21.88M | 21.73M | 23.00M | 21.09M | 20.87M | 20.51M | 20.33M | 19.86M | 19.69M | 19.59M | 19.35M | 19.42M | 19.01M | 18.61M | 18.51M | 18.37M | 18.23M | 18.08M | 18.32M | 17.75M | 14.65M | 13.66M | 10.03M | 9.96M | 9.86M | 9.79M | 4.09M | 4.12M | 3.92M | 3.92M |
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.
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...
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...
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.
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...
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...
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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...
Sypris Appoints Michael D. Sedgwick as Vice President and General Manager of Sypris Electronics, LLC
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Michael D. Sedgwick to the position of Vice President and General Manager of Sypris Electronics, LLC, effective June 3, 2024. Mr. Sedgwick will operate from the Company's...
Sypris Reports First Quarter Results
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 31, 2024. HIGHLIGHTS ───────────────────── The Company's first quarter 2024 consolidated revenue increased 10.1% to $35.6 million compared with the prior year quarter,...
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