Sypris Q3 revenue $35.7M (+6.2% YoY); net income $0.4M vs loss a year ago

SYPRIS SOLUTIONS INC

2024-Q3 EPS reported -$0.08 revenue$106,731,000

Gross profit rose 48% YoY; gross margin expanded 480 bps to 16.8%.
Diluted EPS $0.02 vs ($0.03) in prior-year quarter.
Sypris Electronics revenue +13.6% YoY; backlog exceeds $100M.
Sypris Technologies gross profit surged 150.9% YoY; orders for energy products up 11.8% YTD.
2024 outlook: revenue growth ~10% (lower end of prior guidance); gross margin expected to expand 100-125 bps.

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