Business
Sypris Reports First Quarter Results
LOUISVILLE, Ky., May 14, 2025--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 30, 2025.
About this update from Sypris Solutions, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":801,"height":255,"url":"https://media.zenfs.com/en/business-wire.com/7698d4a25d4eb2aa69ca805195df7929"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FIpmrwpW8M_osX.MeTui2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMwNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/7698d4a25d4eb2aa69ca805195df7929","width":801,"height":255},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/ZrGiSIfgw2X0HeL5DFtdXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTE2MDI7aD01MTA7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/7698d4a25d4eb2aa69ca805195df7929","width":801,"height":255}},"lazy":false},{"type":"text","content":"Gross Profit Up 17%; Margins Improve; Operating Income And EPS Rise","length":67,"tagName":"p","attribs":{}},{"type":"text","content":"LOUISVILLE, Ky., May 14, 2025--(BUSINESS WIRE)--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 30, 2025.","length":165,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p","attribs":{}},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;border-bottom:solid black 1.0pt;width:100%;","val":[{"type":"text","content":" ","length":6,"tagName":"p"}]}]}],"length":6},{"type":"list","items":[{"val":[{"type":"text","content":"Customer orders were robust during the period, while revenue was less than the prior-year quarter due to the cyclical decline in the commercial vehicle market, the conversion of certain shipments from our facility in Mexico to a value-add only sub-maquiladora basis and delays in customer delivery schedules for our Sypris Electronics group.","length":341,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit for the Company increased 16.7% from the prior-year period, while gross margin expanded 330 basis points.","length":118,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit for Sypris Electronics improved 51.1% from the prior year, reflecting a more favorable mix of programs as compared to the prior-year period and lower costs on two large programs that ramped during the prior year. Gross margin for Sypris Electronics grew 310 basis points from t...