secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001157523-21-001045
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sypris Solutions Q2 revenue up 51% to $26M; EPS $0.17 vs -$0.02; raises FY 2021 outlook
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- Revenue $26M (+51% YoY, +30% sequentially); gross margin 16.6% vs 12.4% prior year.
- Net income $3.8M ($0.17 diluted EPS) vs net loss $0.3M (-$0.02); includes $3.6M PPP loan forgiveness gain.
- Raises FY 2021 revenue growth outlook to 30-35% YoY (prior 25-30%); expects H2 gross margin expansion of 300-400 bps.
- Sypris Technologies revenue $17.1M (+130% YoY); Sypris Electronics $8.8M (-9% YoY) but backlog up 29%.
- Cash flow from operations expected to increase significantly; backlog for Sypris Electronics highest in 11 years, deliveries into 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000115752321001045/0001157523-21-001045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000115752321001045/a52475747.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001045

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