SYPRIS SOLUTIONS INC

Sypris Technologies

Revenue for Sypris Technologies was $11.5 million in the third quarter of 2025 compared to $19.5 million for the prior-year period. This decline reflects the anticipated cyclical downturn in the commercial vehicle market, the impact of customers adjusting inventory to align with OEM build schedules, and volume reductions related to tariff uncertainty. Furthermore, during 2025, Sypris Technologies began operating under a sub-maquiladora services agreement with one of its customers in Mexico under which the material is consigned to us by the customer instead of being included in the price. This resulted in a revenue decrease of $1.0 million as compared to the prior-year comparable period. Gross profit for the third quarter of 2025 was $0.9 million, or 7.5% of revenue, compared to $3.7 million, or 18.8% of revenue, for the same period in 2024. Gross profit for the third quarter of 2025 was negatively impacted by the decrease in volumes, in addition to an unfavorable mix as compared to the prior-year period.