Sypris Solutions

Sypris Solutions, Inc. (Sypris) is a provider of outsourced services and specialty products. The Company offers a range of manufacturing, engineering, design and other technical services. It operates through two segments: the Industrial Group and the Electronics Group. The Industrial Group, which consists of Sypris Technologies, Inc. and its subsidiaries, engages in sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets. The Electronics Group, which consists of Sypris Electronics, LLC and its subsidiary, engages in sale of manufacturing services, technical services and products to customers in the market for aerospace and defense electronics. It also offers products, including light weight axle components, digital and analog data systems, and encryption devices used in military applications, cyber security training and identity authentication solutions, among others.
Company Growth (employees)
Type
Public
HQ
Louisville, US
Size (employees)
735 (est)
Website
sypris.com
Sypris Solutions is headquartered in Louisville, US

Sypris Solutions Office Locations

Sypris Solutions has offices in Louisville, Tampa, Columbia, West Lafayette and in 2 other locations
Tampa, US (HQ)
10901 Mc Kinley Dr
Louisville, US (HQ)
450 101 Bullitt Ln
Tlalnepantla De Baz, MX
Toluca
Louisville, US
2612 Howard St
Louisville, US
2820 W Broadway
København, DK
39 Havnegade

Sypris Solutions Data and Metrics

Sypris Solutions Financial Metrics

Sypris Solutions's revenue was reported to be $18.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

18.2 m

Gross profit (Q1, 2017)

(690 k)

Gross profit margin (Q1, 2017), %

(4%)

Net income (Q1, 2017)

(3.3 m)

EBIT (Q1, 2017)

(5.1 m)

Market capitalization (21-Jul-2017)

33.3 m

Cash (02-Apr-2017)

16.7 m
Sypris Solutions's current market capitalization is $33.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

310.7 m354.8 m145.3 m91.8 m

Revenue growth, %

14%(59%)(37%)

Cost of goods sold

280.7 m315.9 m145 m91 m

Gross profit

30.1 m38.8 m318 k749 k

Gross profit Margin, %

10%11%0%1%

R&D expense

330 k

General and administrative expense

22 m

Operating expense total

22.3 m

EBIT

(10.4 m)2.7 m(29.6 m)(22.8 m)

EBIT margin, %

(3%)1%(20%)(25%)

Interest expense

522 k617 k4.2 m4.9 m

Pre tax profit

3.4 m(25.2 m)6.3 m

Income tax expense

(93 k)

Net Income

(9.9 m)(1.2 m)(27.2 m)6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

93.1 m90.2 m37 m40.8 b38.4 b26.9 m23.5 b21.4 b18.2 m

Cost of goods sold

82.3 m82 m40.2 m40.8 b36 b26.2 m22.8 b22.1 b18.9 m

Gross profit

10.8 m8.2 m(3.2 m)(34 m)2.5 b727 k722 m(721 m)(690 k)

Gross profit Margin, %

12%9%(9%)(0%)6%3%3%(3%)(4%)

R&D expense

10 k116 k333 k195 m119 m124 k90 m104 m22 k

General and administrative expense

9.1 m8.3 m9.1 m7.3 b6 b6.5 m5.2 b5.2 b3.4 m

Operating expense total

9.2 m8.4 m9.5 m7.5 b6.1 b6.6 m5.3 b5.3 b3.4 m

EBIT

1.7 m(180 k)(12.9 m)(7.8 b)(4.1 b)(6.4 m)(4.6 b)(6 b)(5.1 m)

EBIT margin, %

2%(0%)(35%)(19%)(11%)(24%)(20%)(28%)(28%)

Interest expense

155 k179 k334 k1.2 b1.8 b876 k964 m2.8 b188 k

Pre tax profit

(13 m)(8.4 b)

Income tax expense

1.1 m1.2 m2.3 b1 m

Net Income

370 k(1.2 m)(13 m)(8.4 b)(274 m)(5.1 m)(5.2 b)21 b(3.3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

18.7 m7 m1.3 m15.3 m

Accounts Receivable

38.5 m47.7 m12.4 m8 m

Inventories

14.6 m

Current Assets

97 m89.4 m41.6 m42.9 m

PP&E

44.7 m37.7 m22.2 m17.9 m

Total Assets

146.3 m129.7 m68.1 m62.6 m

Accounts Payable

36.7 m39 m11.3 m7 m

Total Debt

24 m17 m13.8 m3.2 m

Current Liabilities

60.5 m74.8 m26.8 m17.7 m

Total Liabilities

36.5 m

Common Stock

204 k206 k208 k213 k

Additional Paid-in Capital

150.6 m151.3 m152.1 m153.3 m

Retained Earnings

(76.8 m)(79.6 m)(106.8 m)(100.8 m)

Total Equity

56.3 m46.9 m19.7 m26.1 m

Debt to Equity Ratio

0.4 x0.4 x0.7 x0.1 x

Debt to Assets Ratio

0.2 x0.1 x0.2 x0.1 x

Financial Leverage

2.6 x2.8 x3.5 x2.4 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.6 m1.8 m2.3 m1.8 m21.1 m16.7 m

Accounts Receivable

13.2 m13.6 m13.5 m12.3 m8.8 m9 m

Inventories

24.5 m23.3 m20.8 m20.6 m15.2 m19.5 m

Current Assets

56.1 m43.6 m46 m44.3 m49.7 m50 m

PP&E

27.8 m26.5 m24.2 m22.3 m20.9 m17.4 m

Total Assets

87.9 m72.7 m73.4 m69.8 m72.7 m69.4 m

Accounts Payable

15 m12.8 m10.3 m10.9 m9.5 m12.7 m

Current Liabilities

55.5 m28.7 m29.5 m32.2 m22.5 m26.4 m

Common Stock

214 k

Additional Paid-in Capital

151.7 m152 m152.4 m152.8 m153.1 m153.4 m

Retained Earnings

(101 m)(101.3 m)(111.9 m)(117.1 m)(96.1 m)(104.1 m)

Total Equity

24.8 m23.8 m14.9 m9.4 m30.2 m23.8 m

Financial Leverage

3.5 x3.1 x4.9 x7.4 x2.4 x2.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(9.9 m)(1.2 m)(27.2 m)6 m

Depreciation and Amortization

30 k10.4 m9 m6.3 m

Accounts Receivable

(19 k)(9.1 m)24.7 m4.1 m

Inventories

(1.7 m)4.3 m5.4 m(1.8 m)

Accounts Payable

705 k2.4 m(13.4 m)(4.3 m)

Cash From Operating Activities

(293 k)(11.7 m)(13.4 m)

Capital Expenditures

(5.1 m)(5.3 m)(1.8 m)(1.8 m)

Cash From Investing Activities

(2.8 m)(5.2 m)13.9 m48.3 m

Dividends Paid

(1.2 m)(1.6 m)(410 k)

Cash From Financing Activities

3.1 m(9.5 m)(6.1 m)(15.1 m)

Free Cash Flow

(5.3 m)(16.9 m)(15.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

370 k(1.2 m)(13 m)(8.4 b)(274 m)(5.1 m)(5.2 b)21 b(3.3 m)

Accounts Receivable

9 m

Accounts Payable

12.7 m
Y, 2017

Financial Leverage

2.9 x

Sypris Solutions Operating Metrics

Sypris Solutions's Facilities was reported to be 4 in FY, 2016
FY, 2016

Facilities

4

Sypris Solutions Market Value History

Sypris Solutions Revenue Breakdown

Sypris Solutions Company Life and Culture

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