October 22, 2017 5:15 PM ET

Machinery

Company Overview of Sypris Technologies, Inc.

Company Overview

Sypris Technologies, Inc. manufactures and supplies forging, extruding, machining, and assembling equipment. Its forging products include up setters, presses, hammers, and forming products. The company also provides machining cells and related equipment, such as CNC turning, CNC drilling, spline hobbling, grinding and hard turning, roller burnishing, broaching, and gear blanking products. In addition, it offers heat treating products, including normalizing, quench and temper, induction hardening, and controlled cooling products; assembling products, such as friction welding, butt welding, and automated bracket welding products; and axle shafts, trailer beams, knuckles, I-beams, carriers, dif...

101 Bullitt Lane

Suite 205

Louisville, KY 40222

United States

Founded in 1927

Phone:

502-420-1222

Fax:

502-420-1232

Key Executives for Sypris Technologies, Inc.

President
Age: 61
Vice President of Operations
Age: 60
Assistant Secretary
Age: 58
Vice President of Sales and Strategic Initiatives and Director
Age: 62
Compensation as of Fiscal Year 2017.

Sypris Technologies, Inc. Key Developments

Sypris Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 2, 2017

Sypris Solutions, Inc. reported earnings results for the second quarter and six months ended July 2, 2017. For the quarter, the company reported revenue of $14.1 million in the second quarter compared to $14.8 million for the prior-year period, primarily reflecting the conclusion of a customer contract partially offset by increased sales of oil and gas products. Gross profit for the quarter was $0.3 million, or 2.1% of revenue, compared to a loss of $0.3 million, or 1.8% of revenue, for the same period in 2016. On a sequential basis, gross margin increased to 2.1% from a loss of 6.2% in the first quarter of 2017. For the six months, the company reported revenue of $26.8 million compared to $32.6 million and gross loss of $0.5 million compared to $0.9 million for the first half of 2016.

Sypris Technologies Announces Revenue Results for the First Quarter Ended April 2, 2017

Sypris Technologies announced revenue results for the first quarter ended April 2, 2017. For the quarter, the company reported revenue of $12.8 million compared to $17.8 million for the prior year period, primarily reflecting the conclusion of a customer contract.

Sypris Technologies, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended July 3, 2016

Sypris Technologies, Inc. reported unaudited earnings results for the second quarter and six months ended July 3, 2016. For the quarter, net revenue was $14,769,000 compared to $32,010,000 a year ago. The decrease in revenue was primarily as a result of softness in the commercial vehicle industry and the divestiture of the Morganton, North Carolina facility in July 2015. Gross loss was $260,000 compared to gross profit of $581,000 a year ago. For the six months, net revenue was $32,596,000 compared to $60,080,000 a year ago. Gross loss was $916,000 compared to $3,523,000 a year ago.

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Recent Private Companies Transactions

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