OverviewSuggest Edit

Sypris Solutions is a diversified provider of technology-based outsourced services and specialty products for corporations and government agencies in the aerospace and defense electronics and truck components markets. The company operates in two business segments, Sypris Technologies and Sypris Electronics. Sypris Technologies offers forged, machined, welded and heat-treated steel components primarily for heavy commercial vehicle and high-pressure energy pipeline applications. Sypris Electronics provides circuit card and box build manufacturing, manufacturing, systems assembly and integration, design for manufacturability and design to specification work to customers in the market for aerospace and defense electronics.
TypePublic
Founded1997
HQLouisville, KY, US
Websitesypris.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2020)664(+6%)
Revenue (FY, 2020)$82.3 M(-6%)
Share Price (Oct 2021)$4(-1%)
Cybersecurity ratingAMore
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Key People/Management at Sypris Solutions

Jeffrey T. Gill

Jeffrey T. Gill

Chairman of the Board, President and CEO
Anthony C. Allen

Anthony C. Allen

Vice President and Chief Financial Officer
Richard L. Davis

Richard L. Davis

Vice President
R. Scott Gill

R. Scott Gill

Director
John F. Brinkley

John F. Brinkley

Director
William G. Ferko

William G. Ferko

Director
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Sypris Solutions Office Locations

Sypris Solutions has offices in Louisville, Tampa and Toluca de Lerdo
Louisville, KY, US (HQ)
101 Bullitt Ln #103
Louisville, KY, US
2612 Howard St
Tampa, FL, US
10421 University Center Dr
Toluca de Lerdo, MX
Calle Industrias Químicas 200, Delegación Sta Ana Tlapaltitlán
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Sypris Solutions Financials and Metrics

Sypris Solutions Revenue

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Sypris Solutions's revenue was reported to be $82.35 m in FY, 2020 which is a 6.3% decrease from the previous period.
USD

Revenue (Q2, 2021)

26.0m

Gross profit (Q2, 2021)

4.3m

Gross profit margin (Q2, 2021), %

16.6%

Net income (Q2, 2021)

3.8m

EBIT (Q2, 2021)

893.0k

Market capitalization (15-Oct-2021)

86.6m

Closing stock price (15-Oct-2021)

4.0

Cash (4-Jul-2021)

18.2m

EV

83.6m
Sypris Solutions's current market capitalization is $86.6 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

88.0m87.9m82.3m

Revenue growth, %

7%0%(6%)

Cost of goods sold

80.4m78.0m70.8m

Gross profit

7.6m9.9m11.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

19.6m24.4m22.3m22.4m17.2m22.2m20.0m26.0m

Cost of goods sold

18.0m20.5m19.9m18.8m15.2m18.7m18.2m21.7m

Gross profit

1.6m4.0m2.3m3.6m2.0m3.4m1.8m4.3m

Gross profit Margin, %

8%16%10%16%12%15%9%17%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

10.7m5.1m11.6m

Accounts Receivable

9.9m7.4m7.2m

Inventories

18.6m20.8m16.2m

Current Assets

45.4m39.8m39.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

5.7m4.5m7.1m5.2m7.8m8.3m9.4m18.2m

Accounts Receivable

9.1m11.1m8.7m8.9m6.4m8.6m8.0m10.5m

Inventories

21.2m19.9m20.6m19.4m18.5m17.8m18.7m23.3m

Current Assets

41.9m42.7m42.2m39.5m38.2m40.6m40.6m57.1m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(3.5m)(3.9m)1.7m

Depreciation and Amortization

2.6m2.7m2.5m

Inventories

(2.9m)(2.8m)4.2m

Accounts Payable

2.9m(4.1m)(2.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(2.3m)(1.5m)(3.1m)(305.0k)(653.0k)2.8m(1.6m)2.2m

Depreciation and Amortization

691.0k1.4m2.1m620.0k1.3m1.9m621.0k1.3m

Inventories

(2.7m)(1.6m)(2.5m)846.0k1.8m2.4m(2.4m)(7.1m)

Accounts Payable

(1.8m)(2.4m)(3.3m)1.5m(2.7m)(1.0m)3.3m7.2m
USDFY, 2018

EV/EBIT

-3.7 x

EV/CFO

8.4 x

EV/FCF

-99.6 x

Revenue/Employee

122.9k

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

4.2 x

P/E Ratio

(4.6)
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Sypris Solutions Operating Metrics

FY, 2018FY, 2019FY, 2020

Facilities

444

Remaining Performance Obligations

$15.87 m$8.77 m$30.32 m

Certifications

121212

Manufacturing Facilities

333
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Sypris Solutions Acquisitions / Subsidiaries

Company NameDateDeal Size
ST Property Holdings, LLC
Sypris Electronics, LLC
Sypris Technologies, Inc.
Sypris Technologies International, Inc.
Sypris Technologies Marion, LLC
Sypris Technologies Mexican Holdings, LLC
Sypris Technologies Mexico, S. de R.L. de C.V.
Sypris Technologies Northern, Inc
Sypris Technologies Southern, Inc.
Sypris Technologies Toluca, S.A. de C.V.

Sypris Solutions Revenue Breakdown

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Sypris Solutions revenue breakdown by business segment: 55.0% from Sypris Technologies and 45.0% from Sypris Electronics

Sypris Solutions Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Sypris Solutions Online and Social Media Presence

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Sypris Solutions News and Updates

Thinking about buying stock in Inovio Pharmaceuticals, Sypris Solutions, Zomedica, Nokia, or AMC Entertainment?

NEW YORK, April 23, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for INO, SYPR, ZOM, NOK, and AMC. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Sypris Solutions stock nearly doubles on heavy volume after follow-on order from DoD contractor

Shares of Sypris Solutions Inc. rocketed 90.6% in very active trading Wednesday, putting them on track for the highest close in nearly seven years, after the truck components and aerospace electronics company said it won a follow-on award from a U.S. Department of Defense contractor. The stock was …

Sypris Solutions Blogs

Sypris Wins Award for Electronic Warfare & Countermeasure Program

Sypris Wins Award for Electronic Warfare & Countermeasure Program Content Import Wed, 09/15/2021 - 08:31 Sypris Wins Award for Electronic Warfare & Countermeasure Program September 15, 2021 at 8:30 AM EDT This release is a backfill from a News Wire …

Sypris Wins Award for Cryptographic Program

Army Key Management System for Secure Communications TAMPA, Fla. --(BUSINESS WIRE)--Jul. 12, 2021-- 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.

Sypris Wins Electronic Warfare Program

Sypris Wins Electronic Warfare Program Content Import Thu, 06/03/2021 - 08:01 Sypris Wins Electronic Warfare Program June 3, 2021 at 8:00 AM EDT This release is a backfill from a News Wire General Completion of Test & Evaluation …

Sypris Wins Awards to Support Subsea Cable Systems

Power Supplies for High-Reliability Communications Networks TAMPA, Fla. --(BUSINESS WIRE)--May 20, 2021-- Sypris Electronics, LLC , a subsidiary of Sypris Solutions, Inc. (Nasdaq/ GM : SYPR), announced today that it has recently received follow-on awards from a global undersea cable provider to

Sypris Solutions, Inc. to Announce Fourth Quarter Financial Results, Host Conference Call and Webcast March 18

Sypris Solutions, Inc. to Announce Fourth Quarter Financial Results, Host Conference Call and Webcast March 18 Content Import Wed, 03/10/2021 - 12:30 Sypris Solutions, Inc. to Announce Fourth Quarter Financial Results, Host Conference Call and Webcast March 18 March 10, 2021…

Sypris Wins Defense Contract Award

Sypris Wins Defense Contract Award Content Import Wed, 02/24/2021 - 08:00 Sypris Wins Defense Contract Award February 24, 2021 at 8:00 AM EST This release is a backfill from a News Wire General Electronic Modules for Precision-Guided…
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Sypris Solutions Frequently Asked Questions

  • When was Sypris Solutions founded?

    Sypris Solutions was founded in 1997.

  • Who are Sypris Solutions key executives?

    Sypris Solutions's key executives are Jeffrey T. Gill, Anthony C. Allen and Richard L. Davis.

  • How many employees does Sypris Solutions have?

    Sypris Solutions has 664 employees.

  • What is Sypris Solutions revenue?

    Latest Sypris Solutions annual revenue is $82.3 m.

  • What is Sypris Solutions revenue per employee?

    Latest Sypris Solutions revenue per employee is $124 k.

  • Who are Sypris Solutions competitors?

    Competitors of Sypris Solutions include Chemring Energetic Devices, Ashot Ashkelon Industries and NOV.

  • Where is Sypris Solutions headquarters?

    Sypris Solutions headquarters is located at 101 Bullitt Ln #103, Louisville.

  • Where are Sypris Solutions offices?

    Sypris Solutions has offices in Louisville, Tampa and Toluca de Lerdo.

  • How many offices does Sypris Solutions have?

    Sypris Solutions has 4 offices.