secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001157523-23-001736
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/0001157523-23-001736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000115752323001736/a53835651.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001736

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer