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Last $1.52 USD
Change Today -0.07 / -4.40%
Volume 73.2K
SYPR On Other Exchanges
As of 8:10 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

sypris solutions inc (SYPR) Snapshot

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12/24/14 - $2.94
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10/30/15 - $0.64
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sypris solutions inc (SYPR) Details

Sypris Solutions, Inc. offers outsourced services and specialty products in the United States, Mexico, Denmark, and the United Kingdom. It provides manufacturing, engineering, design, and other technical services under contracts with corporations and government agencies in the industrial manufacturing, and aerospace and defense electronics markets. The company’s Industrial Group segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, and energy markets. This segment produces drive train components, such as axle shafts, gear sets, differential cases, steer axle forgings, and other components for truck manufacturers; axle shafts and drive train components for medium and heavy-duty trucks; axle beams for trailers; transmission shafts for heavy-duty trucks; and specialty closures for oil and gas pipelines. It’s Electronics Group segment offers secure communications, electronic key management, Sypris Data Systems branded products, and product design and development to the U.S. Government, defense and civilian agencies, international government agencies, and aerospace and defense prime contractors; and designs and builds information assurance products include link encryptors, data recording products, and electronic key fill devices. This segment is also involved in the circuit card and full box build manufacturing, dedicated space and high reliability manufacturing, integrated design and engineering services, systems assembly and integration, design for manufacturability, and design to specification work to aerospace and defense companies. The company’s specialized products comprise light weight axle components, digital and analog data systems, and encryption devices used in military applications, cyber security training and identity authentication solutions, specialty closures, and joints used in pipeline and chemical systems. Sypris Solutions, Inc. was founded in 1954 and is headquartered in Louisville, Kentucky.

1,332 Employees
Last Reported Date: 03/31/15
Founded in 1954

sypris solutions inc (SYPR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $672.5K
Vice President and President of Sypris Electr...
Total Annual Compensation: $357.7K
Vice President, General Counsel and Secretary
Total Annual Compensation: $374.4K
Vice President of Sales and Strategic Initiat...
Total Annual Compensation: $414.6K
Compensation as of Fiscal Year 2014.

sypris solutions inc (SYPR) Key Developments

Sypris Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Sypris Solutions Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total net revenue of $38,437,000 against $90,204,000 a year ago. Operating loss was $4,077,000 against $180,000 a year ago. Income before taxes was $1,981,000 against $341,197,000 a year ago. Net loss was $274,000 against $1,159,000 a year ago. Basic and diluted loss per share was $0.01 against $0.06 a year ago. For the nine months, the company reported total net revenue of $116,202,000 against $267,561,000 a year ago. Operating loss was $24,807,000 against operating income of $3,917,000 a year ago. Loss before taxes was $19,483,000 against income before taxes of $4,301,000 a year ago. Net loss was $21,723,000 against net income of $863,000 a year ago. Basic and diluted loss per share was $1.10 against basic and diluted income per share of $0.04 a year ago. Net cash used in operating activities was $11,715,000 against net cash provided by operating activities of $6,039,000 a year ago. Capital expenditures were $1,155,000 against $4,462,000 a year ago.

Sypris Solutions Gets Contract from Volvo North America and Mack Trucks for Axle Shafts

Sypris Solutions (SYPR) announced that it was awarded a long-term contract with Volvo Group North America and Mack Trucks to supply of axle shafts for Volvo's Mack branded axle through 2018.

Sypris Solutions Inc. Wins Long-Term Deal with Detroit Diesel Corporation

Sypris Solutions Inc. won a long-term contract with Detroit Diesel Corporation, a subsidiary of Daimler Trucks North America, to supply the Sypris Ultra series lightweight axle shaft for use in Detroit Axles.


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