---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000446"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:23:42.125012+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sypris Q4 revenue up 15% to $29.7M, backlog jumps 117%, raises 2023 outlook

## Summary
- Q4 revenue $29.7M (+15.2% YoY); net income $0.1M ($0.01 diluted EPS) vs $0.4M ($0.02) prior year.
- Full-year revenue $110.1M; net loss $2.5M ($0.11 loss per share) vs net income $2.9M ($0.13) in 2021 (incl. $3.6M PPP gain).
- Record backlog $118.5M, up 117% YoY; orders +102.7% YoY; Sypris Electronics backlog +119.5% to $118.5M.
- 2023 outlook raised: revenue expected to increase 25-30% YoY, margin expansion 175-225 bps, positive cash flow.
- New awards: $77M Navy program amendment, DOD missile system award, Detroit Diesel driveline components.

## SEC filing metadata
- accession: 0001157523-23-000446
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752323000446/0001157523-23-000446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752323000446/a53361970.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000446
- JSON: https://secwatch.observer/filing/0001157523-23-000446.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000446.txt

## Key facts
- Earnings Releases
  SYPRIS SOLUTIONS INC reported the fourth quarter and full-year ended December 31, 2022 results: revenue $29.7 million, net income $0.1 million, EPS $0.01 per diluted share. Guidance raised.
  - Period: the fourth quarter and full-year ended December 31, 2022
  - Revenue: $29.7 million
  - Net income: $0.1 million
  - EPS: $0.01 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: The Company reported revenue of $29.7 million for the fourth quarter ended December 31, 2022, compared to $25.8 million for the prior-year period. Net income was $0.1 million, or $0.01 per diluted share, compared to $0.4 million, or $0.02 per diluted share, for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752323000446/0001157523-23-000446-index.htm

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