---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016793"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:55:49.592176+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sypris Q1 revenue up 10% to $35.6M; net loss widens to $2.2M on program ramp costs

## Summary
- Q1 revenue $35.6M (+10.1% YoY); net loss $2.2M ($0.10/sh) vs $0.2M loss prior year.
- Sypris Electronics revenue +34.5% YoY to $17.2M; margin fell to 4.8% from 11.9% on ramp costs.
- Sypris Technologies revenue -5.9% to $18.4M; gross margin 11.2% vs 13.5% on lower volume and FX.
- Backlog exceeds $110M; full-year revenue growth reaffirmed at 10-15%, gross margin guidance adjusted to +100-125 bps.
- New awards: specialty closures for LNG carbon capture project; additional U.S. Navy electronic warfare modules.

## SEC filing metadata
- accession: 0001437749-24-016793
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/864240/000143774924016793/0001437749-24-016793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000143774924016793/sypr20240513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016793
- JSON: https://secwatch.observer/filing/0001437749-24-016793.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016793.txt

## Key facts
- Earnings Releases
  SYPRIS SOLUTIONS INC reported the first quarter ended March 31, 2024 results: revenue $35.6 million, net income a net loss of $2.2 million, or $0.10 per share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $35.6 million
  - Net income: a net loss of $2.2 million, or $0.10 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: The Company reported revenue of $35.6 million for the first quarter of 2024, compared to $32.3 million for the prior-year comparable period. Additionally, the Company reported a net loss of $2.2 million, or $0.10 per share, as compared to a net loss of $0.2 million, or $0.01 per share, for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/864240/000143774924016793/0001437749-24-016793-index.htm

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