SYPR
Sypris Solutions, Inc.2.1800
-0.0600-2.68%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
50.21MP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0%Recent Filings
8-K
Extends $12M note one year
Sypris Solutions amended its $12M promissory note with Gill Family Capital—controlled by CEO Jeffrey T. Gill—on January 12, 2026, extending all principal and interest payments by one year. Installments now fall due April 1, 2027 ($2M), 2028 ($2M), 2029 ($5M), and 2030 (balance). Interest defers fully to 2027. Related-party debt rolls forward.
8-K
Q3 revenue drops; Electronics booms
Sypris Solutions reported Q3 revenue down to $28.7M from $35.7M, hit by tariffs curbing transportation demand and a Mexico sub-maquiladora shift. Yet Electronics orders surged 65% YTD, backlog up 14%; energy backlog climbed 59%. Sale-leaseback yielded $2.9M proceeds, $2.5M gain. Tariffs persist as headwind.
10-Q
Q3 FY2025 results
Sypris swung to Q3 net income of $0.5M ($0.02 diluted EPS) from $0.4M last year, yet revenue fell 19.6% y/y to $28.7M (derived) as Technologies dropped 40.8% y/y to $11.5M on commercial vehicle weakness while Electronics edged up 5.9% y/y; gross margin shrank to 7.2% from 16.8%. YTD revenue declined 16.0% y/y to $89.6M with $2.4M net loss (-$0.11 diluted EPS, anti-dilutive shares excluded). Sale-leaseback delivered $2.9M cash and $2.5M gain; cash holds at $8.4M despite $4.6M operating outflow, backed by $12M related-party note at 9.25%. Inventory down to $57.3M. Electronics backlog stabilizes 2025-2026. Government shutdowns threaten funding.
10-Q
Q2 FY2025 results
Sypris Solutions posted Q2 revenue of $31.4M, down 11.5% y/y but up from Q1's $29.5M (derived), as Technologies fell 21% on commercial vehicle softness while Electronics held steady at $17.3M via steady defense contracts. Gross profit slid to $2.6M (8.2% margin) from $5.6M (15.9%), hit by volume drops and Electronics' mix issues, yielding an operating loss of $1.4M versus $1.3M income; net loss widened to $2.1M or $(0.09) per share, matching basic shares of 22.3M with anti-dilution. Cash dipped to $6.4M amid $4.4M operating outflow, offset by $3.0M related-party note proceeds at 9.25%, leaving $12.0M total debt with $500K revolver drawn. Inventory freed $8.2M y/y, but Electronics delays linger. Post-quarter, a $3.2M property sale-leaseback bolsters liquidity. Supply chain snags pose ongoing risks.
8-K
Q2 revenue dips, electronics orders soar
Sypris Solutions reported Q2 2025 revenue of $31.4 million, down from $35.5 million last year, with a net loss of $2.1 million versus breakeven, hit by tariffs curbing transportation demand and material shortages at Sypris Electronics. Yet orders for Sypris Electronics surged 110% to $47 million, boosting backlog 26% from year-end 2024 amid strong electronic warfare and communications demand. New contracts for secure communications and electronic warfare programs signal growth, with deliveries starting in 2026. Backlog strength offsets cyclical risks in commercial vehicles.
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