earnings
confidence high
sentiment positive
materiality 0.75
Sypris Q4 EPS up 133% to $0.02, revenue up 25%; backlog up 57%; raises 2022 outlook
SYPRIS SOLUTIONS INC
- Revenue $25.8M (+25.2% YoY); diluted EPS $0.02 vs loss $0.06 prior-year period.
- Full-year 2021 revenue $97.4M (+18.4% YoY); net income $2.9M ($0.13 diluted) vs $1.7M ($0.08).
- Backlog up 56.8% YoY; new contract wins in defense and commercial vehicle markets.
- 2022 guidance: revenue expected up 25-30% (prior 25%); gross margin expansion 200-250 bps.
- Sypris Electronics revenue +30% Q4; Sypris Technologies +21.7%, both improved margins.