secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2022-03-17T23:59:59+00:00
Accession:  0001157523-22-000343
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sypris Q4 EPS up 133% to $0.02, revenue up 25%; backlog up 57%; raises 2022 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000115752322000343/0001157523-22-000343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000115752322000343/a52601286.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000343

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