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August 01, 2015 10:24 PM ET

Metals and Mining

Company Overview of Sypris Technologies, Inc.

Company Overview

Sypris Technologies, Inc. engages in forging, extruding, and machining parts for commercial vehicles, off highway and farm equipment, heavy trucks, automotive, energy and transmission, mining, and energy industries. It offers axle shafts, trailer beams, I-beams, knuckles, carriers, differential cases, hubs, flanges and king pins, and full float tubes. The company also provides forgings, such as side gears, pinion gears, helical gears, and transmission shafts. Sypris Technologies, Inc. was formerly known as Tube Turns Technologies, Inc. and changed its name to Sypris Technologies, Inc. in 2002. The company was founded in 1927 and is based in Louisville, Kentucky. It has manufacturing faciliti...

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: 60
Chief Executive Officer of Sypris Solutions and President of Sypris Solutions
Age: 59
Assistant Secretary
Age: 56
Compensation as of Fiscal Year 2015.

Sypris Technologies, Inc. Key Developments

Talbros Engineering Enters into Joint Venture Agreement with Us-Based Sypris Technologies

Talbros Engineering has entered into a Joint Venture Agreement (JVA) with Sypris Technologies Inc., USA for manufacturing of rear axle shafts by using the extrusion technology equipment to be supplied by Sypris Technologies Inc. for automotive applications on all types of light, medium and commercial vehicles of highway and agricultural vehicles including tractors and harvestor companies of the Republic of India.

Sypris Technologies, Inc. Reports Earnings Results for the First Quarter of 2015

Sypris Technologies, Inc. reported earnings results for the first quarter of 2015. For the quarter, the company revenue’s decreased 63.0% to $28.1 million in the first quarter compared to $75.8 million for the prior year period, primarily as a result of the cessation of the Dana business, which represented approximately 59% of business in the prior year. Gross profit for the quarter was a loss of $4.1 million, compared to profit of $11.2 million for the same period in 2014. Negative EBITDA was $7.3 million.

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