Core Insights - Sypris Solutions, Inc. reported a net loss of 4 cents per share for Q1 2025, an improvement from a loss of 10 cents per share a year earlier, despite a revenue decline of 17% year-over-year to $29.5 million [2][3] - The company’s stock has underperformed, declining 0.6% since the earnings report, compared to a 1.4% increase in the S&P 500 and a 15.4% rise in the broader market over the past month [1] Financial Performance - Revenue for Sypris Technologies fell to $13.6 million from $18.4 million, while Sypris Electronics saw a decline to $15.9 million from $17.2 million, attributed to cyclical and operational factors [5] - Gross profit increased by 16.7% year-over-year to $3.4 million, with a consolidated gross margin improvement of 330 basis points [3] - The Electronics segment experienced a significant gross profit increase of 51.1% to $1.3 million, driven by a favorable program mix and cost efficiencies [3] Management Strategy - CEO Jeffrey T. Gill highlighted a backlog exceeding $80 million in Sypris Electronics, which is more than a year’s worth of sales, allowing for proactive inventory management [4] - The company has withdrawn its full-year 2025 guidance due to macroeconomic uncertainties, particularly regarding new tariffs, and will suspend future guidance until more visibility is achieved [6]
SYPR's Q1 Loss Narrows Y/Y on Margin Gains, Electronics Backlog Growth