secwatch.observer — SEC 8-K summary
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Issuer:     SYPRIS SOLUTIONS INC (SYPR)
CIK:        0000864240
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001437749-24-034322
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864240/000143774924034322/0001437749-24-034322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864240/000143774924034322/sypr20241111_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034322

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