secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001157523-23-001329
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000115752323001329/0001157523-23-001329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000115752323001329/a53530154.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001329

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