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Sypris Solutions, Inc. - SYPR STOCK NEWS

Welcome to our dedicated news page for Sypris Solutions (Ticker: SYPR), a resource for investors and traders seeking the latest updates and insights on Sypris Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sypris Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sypris Solutions's position in the market.

News
Sypris Reports Fourth Quarter Results
Rhea-AI Summary
Sypris Solutions, Inc. (SYPR) reported a 16.9% increase in revenue for the quarter and a 23.7% increase for the full year, driven by growth in both segments. Sypris Electronics saw a 25.2% and 42.7% revenue increase for the quarter and full year, respectively, due to demand in Electronic Warfare, Aircraft, and Missile Avionics. Sypris Technologies revenue grew by 10.8% and 12.5% for the quarter and full year, respectively, from customers in Commercial Vehicle, Specialty Automotive, and Energy markets. The company secured multimillion-dollar contracts for electronic warfare and communications avionics systems and received awards for secure communications infrastructure and high-pressure closures for a liquified natural gas project. Despite a net loss of $1.1 million for the quarter and $1.6 million for the full year, the outlook for 2024 remains positive with revenue expected to increase by 10-15% and gross profit to increase by 20-25%, driven by new contract awards and strong backlog.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
earnings
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News
Sypris Wins Award for the Gorgon Project in Western Australia
Rhea-AI Summary
Sypris Technologies, Inc. (SYPR) secures an award to supply specialty high-pressure closures for the Gorgon Project, a significant carbon capture and storage initiative in Australia. The project aims to inject and trap five million tonnes of CO2 into a sandstone formation, equivalent to removing 1.6 million cars off the roads for a year. Sypris will provide Tube Turns®-branded closures rated at 710 psi with Inconel Alloy 625 overlay, showcasing its expertise in supporting global energy projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
none
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News
Sypris Reports Third Quarter Results
Rhea-AI Summary
Sypris Solutions, Inc. (SYPR) reports a 33.3% year-over-year revenue increase, driven by strong performance in Sypris Electronics and Sypris Technologies. Gross profit surged by 105%, with significant improvements in both segments. The company's 2024 outlook is positive, with a forecasted 15-20% revenue increase and 25-30% gross profit growth, reflecting a strong backlog and new contract awards. The company's financial results for Q3 2023 showed a net loss of $0.6 million, with revenue reaching $33.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
earnings
News
Sypris Solutions, Inc. to Announce Third Quarter Financial Results, Host Conference Call and Webcast November 15
Rhea-AI Summary
Sypris Solutions, Inc. (NASDAQ: SYPR) to Host Conference Call to Discuss Financial Results and Operations on November 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
Tags
earnings
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News
Sypris Wins Award for Cryptographic Program
Rhea-AI Summary
Sypris Solutions, Inc. (Nasdaq/GM: SYPR) has received a follow-on award to manufacture and test embedded circuit card assemblies for the Army Key Management System (AKMS). The award extends the production backlog into 2025, reinforcing the company's position as a long-standing electronics manufacturing services partner in the encrypted communications sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
Tags
none
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News
Sypris Wins Two Follow-On Contract Awards for Electronic Warfare Communications and Navigation Program
Rhea-AI Summary
Sypris Electronics, a subsidiary of Sypris Solutions, has received two multimillion-dollar contract awards to manufacture advanced integrated electronic warfare and communications avionics system modules for a U.S. global defense contractor. The production is expected to begin in 2023 and continue until mid-year 2025. The program is for an American family of stealth multirole combat aircraft, with plans to build over 700 of the various versions through 2030 for sale to the U.S. and its allies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
none
News
Sypris Reports Second Quarter Results
Rhea-AI Summary
Sypris Solutions reports Q2 2023 financial results: Revenue up 22.6%, backlog up 25.5%, EPS rises to $0.01 per diluted share. Sypris Electronics receives additional releases under U.S. Navy contract. Sypris Technologies awarded new program for drivetrain components. Full-year outlook maintains 25-30% revenue increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
earnings
-
News
Sypris Solutions, Inc. to Announce Second Quarter Financial Results, Host Conference Call and Webcast on August 15
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
earnings
-
News
Sypris Wins Award for Venture Global CP2 LNG Export Terminal and Venture Global CP Express Natural Gas Pipeline Project
Rhea-AI Summary
Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc., has received an award to supply specialty high-pressure closures for the Venture Global CP2 LNG Export Terminal and the Venture Global CP Express Natural Gas Pipeline Project. The shipments are expected to be completed by the end of 2023. The CP2 LNG facility will have a nameplate export capacity of 20 million metric tonnes per annum. The CP Express will consist of approximately 85.1 miles of new 48-inch-diameter natural gas pipeline. Sypris will manufacture and supply its Tube Turns®-branded specialty, high-pressure Tool-less® closures for the filtration systems of the project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
none
News
Sypris Receives Order for Atoka Water Project for Oklahoma City
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
none
Stock SYPR logo
Sypris Solutions, Inc.

Nasdaq:SYPR

SYPR Rankings

#6000 Ranked by Market Cap
#2499 Ranked by Stock Gains
N/A Ranked by Dividends

SYPR Stock Data

37.86M
9.09M
66.27%
26.74%
2.6%
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Manufacturing
Link
United States
Louisville

About SYPR

sypris solutions, inc. provides truck components, oil and gas pipeline components, and aerospace and defense electronics primarily in north america and mexico. it operates through two segments, sypris technologies and sypris electronics. the sypris technologies segment supplies forged, machined, welded, and heat-treated steel components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets. this segment also offers drive train components, including axle shafts, transmission shafts, gear sets, steer axle knuckles, and other components for automotive and truck manufacturers. in addition, it provides value added operations for drive train assemblies; and manufactures pressure closures and other fabricated products for oil and gas pipelines. the sypris electronics segment offers electronic manufacturing services, such as circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, design for manufact