---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-000652"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2022-05-18T23:59:59+00:00"
generated_at: "2026-06-25T10:46:04.114145+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sypris Q1 revenue up 30.9% to $26.2M; net income $0.2M vs loss; reaffirms 2022 outlook

## Summary
- Revenue $26.2M (+30.9% YoY); diluted EPS $0.01 vs ($0.08) loss in prior year period.
- Gross margin expanded 810 bps to 17.2%; Sypris Technologies gross margin 18.3% (+940 bps), Sypris Electronics 15.3% (+580 bps).
- New multi-year contract awards for U.S. Navy and anti-ship missile programs; also long-term extensions for commercial vehicle drivetrain components.
- Reaffirms FY 2022 outlook: revenue growth 25-30% YoY, 200-250 bps gross margin expansion, strong cash flow growth.
- Backlog grew to largest in over a decade with deliveries into 2023.

## SEC filing metadata
- accession: 0001157523-22-000652
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2022-05-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752322000652/0001157523-22-000652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752322000652/a52722845.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-000652
- JSON: https://secwatch.observer/filing/0001157523-22-000652.json
- Plain text: https://secwatch.observer/filing/0001157523-22-000652.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.