SYPR - Sypris Solutions GAAP EPS of $0.01 revenue of $35.62M
2023-08-15 07:47:37 ET
- Sypris Solutions press release ( NASDAQ: SYPR ): Q2 GAAP EPS of $0.01.
- Revenue of $35.62M (+22.6% Y/Y).
- Revenue for the quarter increased 22.6% year-over-year, driven by a 40.2% increase for Sypris Electronics and a 11.7% increase for Sypris Technologies.
- Backlog increased 25.5%, reflecting a 25.0% year-over-year increase at Sypris Electronics and 38.0% growth for the energy products of Sypris Technologies.
- The Company updated its full-year outlook for 2023, maintaining the expected increase in revenue at 25-30% year-over-year while adjusting the guidance for gross margin expansion to 75 to 125 basis points due to the continuing unfavorable impact of the Mexican peso relative to the U.S. dollar.
For further details see:
Sypris Solutions GAAP EPS of $0.01, revenue of $35.62M