Sypris Solutions (SYPR) Tops Q1 EPS by 1c

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Go back to Sypris Solutions (SYPR) Tops Q1 EPS by 1c

Sypris Reports First Quarter Results

May 18, 2022 7:45 AM EDT

Revenue Up 31%; Margins Expand; 2022 Outlook Confirmed

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 3, 2022.

HIGHLIGHTS

Revenue for the first quarter increased 30.9% year-over-year, driven by a 32.7% increase for Sypris Electronics and a 30.1% increase for Sypris Technologies. Gross profit increased 148.3% year-over-year, with an improvement of 113.5% for Sypris Electronics and 167.5% for Sypris... More