---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001329"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:50:01.665696+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sypris Q2 revenue +23% to $35.6M; EPS $0.01 vs -$0.03; backlog +26%

## Summary
- Revenue $35.6M, net income $0.2M ($0.01 diluted EPS) vs net loss $0.6M (-$0.03) a year ago.
- Sypris Electronics revenue +40% to $15.6M; Sypris Technologies +12% to $20.1M.
- Backlog increased 25.5% YoY; Electronics backlog +25%, Technologies energy products +38%.
- FY 2023 revenue growth 25-30% reaffirmed; gross margin expansion guidance cut to 75-125 bps due to Mexican peso.
- New awards: U.S. Navy power modules, UTV drivetrain components, Atoka pipeline, Venture Global LNG closures.

## SEC filing metadata
- accession: 0001157523-23-001329
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752323001329/0001157523-23-001329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752323001329/a53530154.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001329
- JSON: https://secwatch.observer/filing/0001157523-23-001329.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001329.txt

## Key facts
- Earnings Releases
  SYPRIS SOLUTIONS INC reported second quarter ended July 2, 2023 results: revenue $35.6 million, net income $0.2 million, EPS $0.01 per diluted share. Guidance reaffirmed.
  - Period: second quarter ended July 2, 2023
  - Revenue: $35.6 million
  - Net income: $0.2 million
  - EPS: $0.01 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: The Company reported revenue of $35.6 million for the second quarter of 2023, compared to $29.0 million for the prior-year comparable period. Additionally, the Company reported net income of $0.2 million, or $0.01 per diluted share, compared to a net loss of $0.6 million, or $0.03 per share for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752323001329/0001157523-23-001329-index.htm

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