Sypris Company profile
About Sypris Solutions, Inc.
Sypris Solutions, Inc. (Sypris) is a provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a range of manufactured products sole-source contracts. The Company operates through two segments: Sypris Technologies and Sypris Electronics. Through Sypris Technologies segment, it supplies forged and machined components, servers the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial and energy markets in North America. It produces drive train components including axle shafts, transmission shafts, gear sets, steer axle knuckles, and other components for use by the automotive, truck and recreational vehicle manufacturers. Through Sypris Electronics segment, it provides its customers various value-added solutions, from low-volume prototype assembly to high-volume turnkey manufacturing. Its manufacturing contracts for the aerospace and defense electronics market are sole-source by part number.
Financial summary
BRIEF: For the nine months ended 03 October 2021, Sypris Solutions, Inc. revenues increased 16% to $71.6M. Net income decreased 12% to $2.5M. Revenues reflect Sypris Technologies segment increase of 41% to $47M. Net income was offset by Sypris Electronics segment income decrease of 27% to $1.6M, General, Corporate and Other segment loss increase of 1% to $3.2M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.13 to $0.12.
Equity composition
Common Stock $.01 Par, 04/11, 30M auth., 19,964,348 issd. less 301,119 shs. in Treas. @ $3K. Insiders stakeholders own 45.58%. IPO: 5/94, 2M shares @ $10.00 by Lehman Bros. PO 3/04, 3M issd. @ $17 By Needham & Company. PO 3/02, 3.6M shs. @ $14.50 by Needham & Company, Inc.
Latest shares articles
![](https://img.capital.com/imgs/articles/384x2000x0/1350x880_-HP-_Newsquawk-light_1.png)
![Lloyds share price forecast: An attractive dividend stock?](https://img.capital.com/imgs/articles/384x2000x0/Hero-image-bank_1.png)
![Exterior of Infosys headquarters](https://img.capital.com/imgs/articles/384x2000x0/shutterstock_2035197281_0_0.jpg)
![Tesla logo atop of a Tesla Dealership illuminated at night.](https://img.capital.com/imgs/articles/384x2000x0/shutterstock_1494516293_0.jpg)