Sypris Reports Fourth Quarter Results

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/f2e985829141e0246f2bb3b8e6d6c804"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/W9u_8FwA5JvfJJX_OhoPSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMwNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f2e985829141e0246f2bb3b8e6d6c804","width":801,"height":255},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/6sCLUHvW9clpBvOC6konRw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTE2MDI7aD01MTA7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/f2e985829141e0246f2bb3b8e6d6c804","width":801,"height":255}},"lazy":false},{"type":"text","content":"Gross Profit Up 23%; EPS Continues To Rise; Positive 2025 Outlook","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"LOUISVILLE, Ky., March 27, 2025--(BUSINESS WIRE)--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2024.","length":185,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p","attribs":{}},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:100%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":6},{"type":"list","items":[{"val":[{"type":"text","content":"The Company’s gross profit for the quarter increased 23.1% from the prior-year period, while gross margin expanded 350 basis points.","length":132,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"For the full year, the Company’s gross profit increased 15.3% from the prior year, while gross margin increased 150 basis points.","length":129,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit for Sypris Technologies surged 41.6% for the quarter and 39.3% for the full year, reflecting favorable exchange rates, improved mix and productivity improvements. Orders for energy products were up 8.6% year-to-date.","length":229,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"EPS for the quarter increased $0.06 to $0.01 per diluted share, up from a loss of $0.05 per diluted share for the prior-year period.","length":132,"t...

More updates from Sypris Solutions, Inc.