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Sypris Appoints Michael D. Sedgwick as Vice President and General Manager of Sypris Electronics, LLC
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Michael D. Sedgwick to the position of Vice President and General Manager of Sypris Electronics, LLC, effective June 3, 2024. Mr. Sedgwick will operate from the Company's headquarters located in Tampa, Florida and will report to Jeffrey T. Gill, Chairman, President and Chief Executive Officer of Sypris Solutions, Inc. Mr. Sedgwick will be joining Sypris following a successful career wit.
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 31, 2024. HIGHLIGHTS ───────────────────── The Company's first quarter 2024 consolidated revenue increased 10.1% to $35.6 million compared with the prior year quarter, representing the 11th quarter of double-digit year-over-year growth during the past 12 quarterly periods. Revenue for Sypris Electronics increased 34.5% year-over-year and 9.5% sequentially.
TAMPA, Fla.--(BUSINESS WIRE)--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received additional releases under a multi-year production contract that was first announced in 2022. The order, which provides for Sypris to begin deliveries in 2024, calls for the manufacture and test of electronic assemblies for an additional four systems to be supplied to a U.S. DOD contractor. Terms of the award were not disclosed. The module.
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received an award to supply specialty high-pressure closures for use in the Gorgon Project to support the optimization of the existing carbon capture and storage facilities. Shipments under this award are anticipated to be completed by year-end 2024. Terms of the order were not disclosed. The Gorgon Project is one of the world's largest natu.
Sypris Solutions, Inc. (NASDAQ:SYPR ) Q3 2023 Earnings Conference Call November 15, 2023 9:00 AM ET Company Participants Jeffrey Gill - President & Chief Executive Officer Rich Davis - Vice President & Chief Financial Officer Conference Call Participants Operator Good day and welcome to Sypris Solutions Incorporated Conference Call. Today's call is being recorded.
LOUISVILLE, Ky.--(BUSINESS WIRE)---- $SYPR--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its third quarter ended October 1, 2023. HIGHLIGHTS ───────────────────── Revenue for the quarter increased 33.3% year-over-year, driven by a 73.5% increase for Sypris Electronics and a 13.8% increase for Sypris Technologies. Gross profit increased 105.0% year-over-year, with an improvement of 186.8% for Sypris Electronics and 36.2% for Sypris Technologies. Gross margin for the quarte.
LOUISVILLE, Ky., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Sypris Solutions, Inc. (NASDAQ/GM: SYPR) (“Sypris” or the “Company”) today announced that it will host a conference call on Wednesday, November 15, 2023, at 9:00 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (833) 316-0560 approximately 10 minutes prior to the start of the call (ask to be joined into the Sypris Solutions, Inc. call).
TAMPA, Fla.--(BUSINESS WIRE)--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a follow-on award from a U.S. global defense contractor to manufacture and test embedded circuit card assemblies that will perform certain of the cryptographic functions for the Army Key Management System (AKMS). Production is expected to begin in 2024. Terms of the agreement were not disclosed. The AKMS is a fielded system that consists.
TAMPA, Fla.--(BUSINESS WIRE)--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received two full rate production follow-on multimillion-dollar contract awards from a U.S. global defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for one of the largest Government DoD programs. Production is expected to begin in 2023 and will continue into mid-year 2025. Terms of.
Sypris Solutions, Inc. (NASDAQ:SYPR ) Q2 2023 Results Conference Call August 15, 2023 9:00 AM ET Company Participants Jeffrey Gill - President & CEO Rich Davis - VP & CFO Operator Good day, and welcome to Sypris Solutions, Inc. conference call. Today's call is being recorded.