Highest-materiality recent filing
Sypris Q2 net loss widens to $3.1M; orders surge 25% on satellite demand
Revenue $30.3M vs $31.4M YoY; net loss $3.1M ($0.14/sh) vs $2.1M ($0.09/sh) prior year.
All Class III director nominees elected: William G. Ferko (12,560,502 for, 295,453 withheld) and Jeffrey T. Gill (12,805,569 for, 50,386 withheld).
Sypris Q1 revenue $25.8M, net loss $4.1M; orders jump 28% at Electronics
Net loss of $4.1M ($0.18/share) vs. $0.9M loss ($0.04/share) a year ago; includes $2.4M of higher expenses for healthcare, scrap, excess inventory.
Sypris Q4 net loss $3.9M, revenue $30.3M; Electronics orders +58% YTD
Q4 net loss $3.9M ($0.17/sh) vs income $0.1M ($0.01/sh) year ago; revenue $30.3M vs $33.4M.
Sypris Solutions extends $12M promissory note maturity by one year; related-party
Principal due in installments: $2M on Apr 1, 2027; $2M on Apr 1, 2028; $5M on Apr 1, 2029; $3M on Apr 1, 2030.
Sypris Q3 revenue falls 20% YoY to $28.7M; tariffs and inventory drawdown cited
Net income of $0.5M ($0.02 EPS) vs $0.4M ($0.02 EPS) a year ago; nine-month net loss of $2.4M.
Sypris Q2 revenue down 12% to $31.4M; net loss $2.1M; Electronics orders surge 110%
Revenue $31.4M vs $35.5M prior-year; net loss $2.1M ($0.09 per share) vs breakeven.
Elected Gary L. Convis (12,158,191 for, 234,421 against) and Robert Sroka (12,225,849 for, 167,800 against) as Class II directors.
Sypris Q1 revenue down 17% to $29.5M, net loss narrows to $0.9M; withdraws 2025 guidance
Revenue $29.5M vs $35.6M YoY; net loss $0.9M ($0.04/share) vs $2.2M loss ($0.10) prior year.
Sypris Q4 net income $0.1M ($0.01 EPS); 2025 guides revenue $125-135M
Q4 revenue $33.4M vs $34.7M prior; net income $0.1M ($0.01 diluted EPS) vs loss $1.1M (-$0.05).
Sypris Solutions increases insider promissory note by $3M to $12M, extends maturity to 2029
Amended promissory note with GFCM (insider controlled by CEO/director) increases total principal to $12M from $9M.
Sypris Solutions extends $9M promissory note with CEO-related entity to April 2028
Amended and restated $9M promissory note with Gill Family Capital Management (controlled by CEO Jeffrey Gill and director R. Scott Gill) effective Jan 20, 2025.
Sypris Q3 revenue $35.7M (+6.2% YoY); net income $0.4M vs loss a year ago
Gross profit rose 48% YoY; gross margin expanded 480 bps to 16.8%.
Sypris Solutions appoints Eckert as VP/CAO and Davis as SVP/Treasurer effective Nov 1, 2024
Rebecca R. Eckert promoted to VP, Chief Accounting Officer and Controller, effective Nov 1, 2024; will serve as principal financial and accounting officer.
Sypris Q2 revenue flat at $35.5M; gross profit up 21%, backlog tops $115M
Q2 2024 revenue $35.5M flat YoY; gross profit up 20.8% YoY; backlog exceeds $115M.
Sypris Solutions reports annual meeting results; elects two directors, approves say-on-pay
Elected directors R. Scott Gill with 11,354,351 for / 1,018,161 against and William L. Healey with 11,378,769 for / 996,888 against (no broker non-votes).
Sypris Q1 revenue up 10% to $35.6M; net loss widens to $2.2M on program ramp costs
Q1 revenue $35.6M (+10.1% YoY); net loss $2.2M ($0.10/sh) vs $0.2M loss prior year.
Sypris Solutions Q4 revenue up 17% to $34.7M; net loss $1.1M ($0.05 EPS)
Q4 revenue $34.7M (+16.9% YoY); full-year revenue $136.2M (+23.7%).
Sypris director resigns from Class II, reappointed as Class I to fix board imbalance
R. Scott Gill resigned as Class II director effective March 27, 2024 to address class imbalance.
Sypris Solutions closes $9M amended promissory note with insider lender, adds $2.5M
GFCM (entity controlled by CEO Jeffrey Gill and director R. Scott Gill) increased principal to $9M from $6.5M via $2.5M new loan.
Director John F. Brinkley to retire from Sypris board after 19 years, effective Jan 31, 2024
Director John F. Brinkley retired from Sypris board effective Jan 31, 2024.
Sypris Q3 revenue up 33% to $33.6M; net loss narrows; 2024 revenue seen +15-20%
Revenue $33.6M (+33.3% YoY); net loss $0.6M ($0.03/sh) vs $2.2M loss ($0.10/sh) prior.
Sypris Solutions ups loan from CEO-affiliated lender to $6.5M, extends maturities
Additional $2.5M loan from GFCM (controlled by CEO Jeffrey T. Gill and director R. Scott Gill) brings total to $6.5M.
Sypris Solutions amends bylaws: tightens shareholder proposal rules, adds Delaware forum clause
Advance notice for shareholder proposals/nominations: 60-90 days before annual meeting anniversary.
Sypris Q2 revenue +23% to $35.6M; EPS $0.01 vs -$0.03; backlog +26%
Revenue $35.6M, net income $0.2M ($0.01 diluted EPS) vs net loss $0.6M (-$0.03) a year ago.
Sypris Q1 revenue up 23% to $32.3M; net loss $0.2M vs profit year ago
Orders rose 74% YoY; backlog hit $131.6M, up 121% from prior year.
Sypris shareholders re-elect directors and approve advisory compensation vote at 2023 annual meeting
William G. Ferko re-elected with 10.95M for, 1.52M against; Jeffrey T. Gill with 12.33M for, 146k against.
Sypris Q4 revenue up 15% to $29.7M, backlog jumps 117%, raises 2023 outlook
Q4 revenue $29.7M (+15.2% YoY); net income $0.1M ($0.01 diluted EPS) vs $0.4M ($0.02) prior year.
Board approved 2023 Performance Option Awards: Jeff Gill (60k-100k), Richard Davis (40.8k-68k), Anthony Allen (24k-40k) shares.
Sypris Q3 net loss of $2.2M; backlog tops $100M; 2022 revenue view lowered to 15-20% growth
Q3 revenue $25.2M (-2% YoY); net loss $2.2M vs net income $0.3M in Q3 2021.
Sypris Q2 revenue up 12% to $29M; net loss $0.03/sh; backlog up 77%
Revenue $29.0M (+11.8% YoY); net loss $0.6M ($0.03/sh) vs prior-year net income of $3.8M (incl. $3.6M PPP loan forgiveness gain).
Sypris Q1 revenue up 30.9% to $26.2M; net income $0.2M vs loss; reaffirms 2022 outlook
Revenue $26.2M (+30.9% YoY); diluted EPS $0.01 vs ($0.08) loss in prior year period.
Sypris Solutions elects three directors, approves say-on-pay at annual meeting
Gary L. Convis elected with 12,708,914 votes for (110,152 against, 38,462 abstain).
Sypris Q4 EPS up 133% to $0.02, revenue up 25%; backlog up 57%; raises 2022 outlook
Revenue $25.8M (+25.2% YoY); diluted EPS $0.02 vs loss $0.06 prior-year period.
Sypris announces CFO transition: Richard Davis to succeed Anthony Allen effective Oct 12, 2022
Richard L. Davis appointed Vice President and CFO, effective October 12, 2022.
Sypris Solutions amends related-party promissory note, extends maturity on $2.5M by one year
Extended maturity of $2.5M obligation from April 1, 2022 to April 1, 2023.
Sypris Q3 revenue up 15.9% to $25.7M; net income $0.3M; 2021 outlook cut to 20-25% growth
Q3 revenue $25.7M (+15.9% YoY); net income $0.3M ($0.01 diluted) vs $3.5M ($0.17) in prior year with $3.2M tax benefit.
Director Sidney R. Petersen to retire from Sypris Solutions board after 23 years
Sidney R. Petersen to retire effective Oct 19, 2021, following Board meeting.
Sypris Solutions Q2 revenue up 51% to $26M; EPS $0.17 vs -$0.02; raises FY 2021 outlook
Revenue $26M (+51% YoY, +30% sequentially); gross margin 16.6% vs 12.4% prior year.
Sypris Solutions receives full forgiveness of $3.56M PPP loan from SBA
PPP loan of $3,558,000 fully forgiven by SBA; forgiveness payment date June 28, 2021.
On August 15, 2024, Sypris Solutions, Inc. (the “Company”) appointed Rebecca R. Eckert, the Company’s current Controller, to the position of Vice President, Chief Accounting Officer and Controller, effective as of November 1, 2024.
On August 15, 2024, the Company appointed Richard L. Davis, the Company’s current Vice President, Chief Financial Officer and Assistant Secretary, to the position of Senior Vice President, Treasurer and Assistant Secretary, effective as of November 1, 2024.
Mr. Davis will succeed Anthony C. Allen, the Company’s current Vice President and Treasurer, who will serve as Vice President and Assistant Treasurer of the Company, effective as of November 1, 2024.
The Board accepted Mr. Gill’s resignation and immediately appointed him as a Class I director to hold such office until the expiration of the term of Class I directors at the 2024 Annual Meeting of Stockholders.
On January 19, 2024, director John F. Brinkley provided notice of his retirement from the Board of Directors of Sypris Solutions, Inc. (the “Company”), effective as of January 31, 2024.
Mr. Davis will succeed Anthony C. Allen, the Company’s current Vice President, Chief Financial Officer and Treasurer, who will serve as the Vice President and Treasurer of the Company effective as of October 12, 2022.
On March 14, 2022, Sypris Solutions, Inc. (the “Company”) announced the appointment of Richard L. Davis, the Company’s Vice President, to the position of Vice President and Chief Financial Officer effective as of October 12, 2022.
On September 10, 2021, director Sidney R. Petersen provided notice of his retirement from the Board of Directors of Sypris Solutions, Inc. (the “Company”), effective as of October 19, 2021 following the Board of Directors meeting.
Max materiality 0.80 · Median 0.65 · Most common event earnings