Sypris Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2023
August 15, 2023 at 07:45 am EDT
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Sypris Solutions, Inc. reported earnings results for the second quarter and six months ended July 02, 2023. For the second quarter, the company reported sales was USD 35.62 million compared to USD 29.04 million a year ago. Revenue was USD 35.62 million compared to USD 29.04 million a year ago. Net income was USD 0.213 million compared to net loss of USD 0.629 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.
For the six months, sales was USD 67.91 million compared to USD 55.21 million a year ago. Revenue was USD 67.91 million compared to USD 55.21 million a year ago. Net income was USD 0.038 million compared to net loss of USD 0.392 million a year ago.
Sypris Solutions, Inc. is a diversified manufacturing and engineering services company serving the defense, transportation, communications, and energy industries. The Company is a provider of truck components, oil and gas pipeline components and aerospace and defense electronics. Its segments include Sypris Technologies, Inc. (Sypris Technologies) and Sypris Electronics, LLC (Sypris Electronics). Sypris Technologies is a supplier of forged and machined components, serving the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial and energy markets in North America. Sypris Technologies manufactures energy-related products, such as pressurized closures, insulated joints, and other specialty products, primarily for oil and gas pipelines. Sypris Electronics segment is engaged in circuit card and full box build manufacturing and design for manufacturability and design to specification, for customers in the aerospace and defense electronics markets.
SYPRIS SOLUTIONS, INC. 
