---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001736"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:57:51.457062+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sypris Q3 revenue up 33% to $33.6M; net loss narrows; 2024 revenue seen +15-20%

## Summary
- Revenue $33.6M (+33.3% YoY); net loss $0.6M ($0.03/sh) vs $2.2M loss ($0.10/sh) prior.
- Sypris Electronics rev +73.5%, margin +710bps to 18.1%; Technologies rev +13.8%, margin +120bps to 7.5%.
- Backlog +8.4% YoY; new orders: Atoka pipeline, Venture Global LNG, follow-on stealth aircraft modules.
- FY2023 guide: revenue +25% (low end); FY2024 guide: rev +15-20%, gross profit +25-30%, margins +150-200bps.
- Mexican peso strength negatively impacted Q3 gross profit by $0.8M YoY.

## SEC filing metadata
- accession: 0001157523-23-001736
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/0001157523-23-001736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/a53835651.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001736
- JSON: https://secwatch.observer/filing/0001157523-23-001736.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001736.txt

## Key facts
- Earnings Releases
  SYPRIS SOLUTIONS INC reported third quarter ended October 1, 2023 results: revenue $33.6 million, net income net loss of $0.6 million, EPS $0.03 per share.
  - Period: third quarter ended October 1, 2023
  - Revenue: $33.6 million
  - Net income: net loss of $0.6 million
  - EPS: $0.03 per share
  - Result: reported results
  source text: The Company reported revenue of $33.6 million for the third quarter of 2023, compared to $25.2 million for the prior-year comparable period. Additionally, the Company reported a net loss of $0.6 million, or $0.03 per share, compared to a net loss of $2.2 million, or $0.10 per share for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/0001157523-23-001736-index.htm
- Earnings Releases
  SYPRIS SOLUTIONS INC reported 2024 results: revenue 15-20%. Guidance initiated.
  - Period: 2024
  - Revenue: 15-20%
  - Guidance: initiated
  - Result: guidance update
  source text: Revenue for 2024 is forecast to increase 15-20%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/0001157523-23-001736-index.htm
- Earnings Releases
  SYPRIS SOLUTIONS INC reported full-year 2023 results: revenue 25% year-over-year. Guidance lowered.
  - Period: full-year 2023
  - Revenue: 25% year-over-year
  - Guidance: lowered
  - Result: guidance update
  source text: The Company updated its full-year outlook for 2023, with revenue now expected to increase 25% year-over-year, at the lower end of our prior guidance due to customer design changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/0001157523-23-001736-index.htm

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