SYPRIS SOLUTIONS INC
For the period ended May 14, 2025. Filed May 14, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 14, 2025 · Filed May 14, 2025
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EX-99 · Sypris Electronics
Sypris Electronics
Revenue for Sypris Electronics was $15.9 million in the first quarter of 2025 compared to $17.2 million for the prior-year period as a result of changes in customer delivery schedules for the current year. Gross profit for the first quarter of 2025 was $1.3 million, or 7.9% of revenue, compared to $0.8 million, or 4.8% of revenue, for the same period in 2024. The results for the first quarter of 2025 included the impact from a $0.6 million request for equitable adjustment to offset certain additional costs for scope modifications in 2024 on a new contract that was approved and recognized during the first quarter of 2025.
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