Financial Data and Key Metrics Changes - Revenue for Q4 2021 increased by 25% year-over-year, reaching $25.8 million, with a 30% increase for Sypris Electronics and a 21.7% increase for Sypris Technologies [5][32] - Gross profit for Q4 rose by 65% year-over-year to $4.4 million, with gross margin expanding by 420 basis points to 17.1% [6][33][56] - Earnings per share for Q4 improved to $0.02 from a loss of $0.06 per share in the prior year, marking a 133% increase [7][38] - For the full year, revenue was $97.4 million, an 18.3% increase, and earnings per share increased by 62.5% to $0.13 [39][49] Business Line Data and Key Metrics Changes - Sypris Electronics experienced a 30% revenue increase, driven by defense program shipments transitioning to full-rate production [32][33] - Sypris Technologies saw a 21.7% revenue growth, primarily from demand for heavy truck components and additional volumes from automotive and off-highway markets [32][40] - Gross margin for Sypris Electronics improved to 18.7%, a 540 basis point increase, while Sypris Technologies' gross margin was 15.8%, up 310 basis points [34][35] Market Data and Key Metrics Changes - The demand for Class 8 heavy vehicles is projected to increase by 11.9% in 2022 and 21.6% in 2023, supported by a strong U.S. economy and increased freight demand [21][57] - Oil prices have risen significantly, with West Texas Intermediate up 60% year-over-year, which is expected to positively impact capital projects in the energy sector [23][24] - The backlog for defense spending is up 62%, indicating a positive outlook for future business in this segment [25][28] Company Strategy and Development Direction - The company aims to diversify its business further and expects continued momentum in new contract wins throughout 2022 [19][26] - The focus will be on execution and managing supply chain challenges while anticipating better results once these issues subside [20][30] - The company is optimistic about future program and revenue growth, particularly in defense-related markets [28][29] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain challenges are ongoing but expressed confidence in achieving better results once these issues are resolved [20][30] - The outlook for 2022 has been raised, with revenue expected to grow by 25% to 30% and gross margin to expand by 200 to 250 basis points [29][58] - Management highlighted the importance of maintaining flexibility and responsiveness to customer needs amid supply chain constraints [20] Other Important Information - The company reported a significant increase in backlog, up 57% year-over-year, with strong orders for Sypris Electronics and continued demand for Sypris Technologies [7][25] - Cash flow from operations for 2021 was $4.2 million, an increase from $3.6 million in 2020, supported by strong earnings growth [50][51] Q&A Session Summary Question: What is the outlook for revenue growth in 2022? - The company expects revenue to increase by 25% to 30% year-over-year, driven by strong demand in defense-related markets and commercial vehicles [29][58] Question: How is the company addressing supply chain challenges? - Management acknowledged the ongoing supply chain issues but emphasized the need for persistence and flexibility in operations to navigate these challenges [20][30] Question: What are the expectations for gross margin improvement? - Gross margin is anticipated to expand by 200 to 250 basis points in 2022, reflecting improved operational efficiency and favorable market conditions [29][58]

2021 Fourth Quarter and Full Year Earnings Conference Call March 17, 2022 Jeffrey T. Gill President & CEO Anthony C. Allen Vice President & CFO Safe Harbor Disclosure Non-GAAP Financial Measures Any non-GAAP measures, and their related reconciliation to GAAP measures, are provided and available on the company's website: www.sypris.com Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currentl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) Commission file number 0-24020 SYPRIS SOLUTIONS, INC. (Exact name of registrant as specified in its charter) | Delaware | 61-1321992 | | --- | --- | | (State or other jurisdiction | (I.R.S. Employer | | of incorporation or organization) | Identification No.) | 101 Bullitt Lane, Suite 450 Louisville, Kentucky 40222 (502) 329-2000 (Address of principal executive (Registrant's telephone number, offices, including zip c ...

2021 Third Quarter Earnings Conference Call November 10, 2021 Jeffrey T. Gill President & CEO Anthony C. Allen Vice President & CFO Safe Harbor Disclosure Non-GAAP Financial Measures Any non-GAAP measures, and their related reconciliation to GAAP measures, are provided and available on the company ' s website: www.sypris.com Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currently believe ...

Sypris Solutions, Inc. (NASDAQ:SYPR) Q3 2021 Earnings Conference Call November 10, 2021 9:00 AM ET Company Participants Jeffrey Gill - President & CEO Tony Allen - VP & CFO Conference Call Participants Operator Good day, and welcome to the Sypris Solutions, Inc. Conference Call. Today's call is being recorded. And at this time, for opening remarks, I would now like to turn the call over to President and Chief Executive Officer, Mr. Jeffrey Gill. Please go ahead, sir. Jeffrey Gill Thank you, Matt, and good m ...

Sypris Solutions, Inc. (NASDAQ:SYPR) Q2 2021 Earnings Conference Call August 12, 2021 9:00 AM ET Company Participants Jeffrey Gill - President & Chief Executive Officer Tony Allen - Vice President & Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Sypris Solutions, Inc. Conference Call. Today's call is being recorded. And at this time, for opening remarks, I would now like to turn the call over to President and Chief Executive Officer, Mr. Jeffrey Gill. Please go ah ...

2021 Second Quarter Earnings Conference Call August 12, 2021 Jeffrey T. Gill President & CEO Anthony C. Allen Vice President & CFO Safe Harbor Disclosure Non-GAAP Financial Measures Any non-GAAP measures, and their related reconciliation to GAAP measures, are provided and available on the company ' s website: www.sypris.com Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currently believe t ...

2021 First Quarter Earnings Conference Call May 18, 2021 Jeffrey T. Gill President & CEO Anthony C. Allen Vice President & CFO Safe Harbor Disclosure Non-GAAP Financial Measures Any non-GAAP measures, and their related reconciliation to GAAP measures, are provided and available on the company ' s website: www.sypris.com Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Such statements may relate to proje ...

Sypris Solutions, Inc. (NASDAQ:SYPR) Q1 2021 Earnings Conference Call May 18, 2021 9:00 AM ET Company Participants Jeffrey Gill - President and CEO Anthony Allen - VP and CFO Conference Call Participants Operator Good day, and welcome to the Sypris Solutions, Incorporated Conference Call. Today's call is being recorded. And at this time, for opening remarks, I would now like to turn the conference over to President and Chief Executive Officer, Mr. Jeffrey Gill. Please go ahead, sir. Jeffrey Gill Thank you, ...

Sypris Solutions, Inc. (NASDAQ:SYPR) Q4 2020 Earnings Conference Call March 18, 2021 9:00 AM ET Company Participants Jeffrey Gill - Chairman, President & CEO Anthony Allen - VP & CFO Conference Call Participants Operator Good day, and welcome to the Sypris Solutions, Inc. Conference Call. Today's call is being recorded. At this time, for opening remarks, I would like to turn the call over to the President and Chief Executive Officer, Mr. Jeffrey Gill. Please go ahead. Jeffrey Gill Thank you, Grant, and good ...