SYPRIS SOLUTIONS INC
Business
Sypris Solutions Inc. manufactures forged, machined, welded and heat-treated steel components for commercial vehicles and energy pipelines, and provides circuit card assembly and box-build manufacturing services for aerospace and defense electronics. The company operates through two reportable segments: Sypris Technologies, which supplies drivetrain and specialty closure products to truck and energy markets, and Sypris Electronics, which serves aerospace and defense customers with circuit card assemblies and systems integration. Products are sold globally to original equipment manufacturers and prime contractors, primarily under multi-year sole-source supply agreements in North America.
Summary from 10-K filed 2026-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenue | 120 | 140 | 136 | 110 | 97 | |
| Cost of sales | 110 | 120 | 119 | 95 | 83 | |
| Gross profit | 9 | 20 | 17 | 15 | 15 | |
| Selling, general and administrative | 16 | 17 | 16 | 14 | 13 | |
| Operating (loss) income | −7 | 3 | 969,000 | 364,000 | 2 | |
| Interest expense, net | 2 | 2 | 777,000 | — | — | |
| Other (income) expense, net | −2 | 1 | 1 | 800,000 | 645,000 | |
| (Loss) income before income taxes | −6 | 26,000 | −933,000 | −2 | 4 | |
| Income tax expense | 61,000 | 2 | 663,000 | 948,000 | 1 | |
| Net loss | −6 | −2 | −2 | −2 | 3 | |
| Basic (in dollars per share) | −0.28 | −0.08 | −0.07 | −0.11 | 0.14 | |
| Diluted (in dollars per share) | −0.28 | −0.08 | −0.07 | −0.11 | 0.13 | |
| Cash dividends per common share (in dollars per share) | 0 | 0 | 0 | 0 | 0 | |
| Basic (in shares) | 22 | 22 | 22 | 22 | 22 | |
| Diluted (in shares) | 22 | 22 | 22 | 22 | 23 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 10 | 8 | 22 | 12 | |
| Accounts receivable, net | 10 | 11 | 9 | 8 | 8 | |
| Inventory, net | 52 | 67 | 77 | 42 | 30 | |
| Other current assets | 11 | 11 | 10 | 8 | 6 | |
| Total current assets | 80 | 98 | 104 | 80 | 56 | |
| Property, plant and equipment, net | 16 | 13 | 17 | — | — | |
| Operating lease right-of-use assets | 7 | 4 | 3 | 4 | 5 | |
| Other assets | 5 | 4 | 5 | 4 | 4 | |
| Total assets | 108 | 119 | 129 | 104 | 80 | |
| Accounts payable | 10 | 18 | 27 | 18 | 12 | |
| Accrued liabilities | 49 | 58 | 56 | 33 | 20 | |
| Operating lease liabilities, current portion | 1 | 906,000 | 1 | 1 | 1 | |
| Finance lease obligations, current portion | 622,000 | 2 | 1 | 1 | 983,000 | |
| Equipment financing obligations, current portion | 526,000 | 481,000 | 618,000 | 398,000 | 336,000 | |
| Working capital line of credit | 500,000 | 500,000 | 500,000 | 0 | — | |
| Total current liabilities | 62 | 79 | 86 | 56 | 34 | |
| Operating lease liabilities, net of current portion | 7 | 3 | 3 | 4 | 5 | |
| Finance lease obligations, net of current portion | 4 | 735,000 | 2 | 3 | 3 | |
| Equipment financing obligations, net of current portion | 846,000 | 852,000 | 1 | 738,000 | 868,000 | |
| Note payable related party | 12 | 9 | 6 | 4 | 0 | |
| Other liabilities | 4 | 7 | 8 | 17 | 11 | |
| Total liabilities | 90 | 100 | 107 | 85 | 60 | |
| Preferred stock | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 158 | 157 | 156 | 156 | 155 | |
| Accumulated deficit | −125 | −119 | −117 | −115 | −113 | |
| Accumulated other comprehensive loss | −15 | −19 | −17 | −21 | −23 | |
| Treasury stock, 21,513 shares in 2025 and 2024 | 0 | 0 | 0 | 0 | — | |
| Total stockholders equity | 18 | 20 | 22 | 20 | 19 | |
| Total liabilities and stockholders equity | 108 | 119 | 129 | 104 | 80 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 3 | 3 | 3 | 3 | |
| Deferred income taxes | 105,000 | 232,000 | 54,000 | 329,000 | 1 | |
| Non-cash compensation | 1 | 868,000 | 813,000 | 683,000 | 491,000 | |
| Deferred loan costs recognized | 7,000 | 8,000 | 3,000 | 6,000 | 7,000 | |
| Provision for excess and obsolete inventory | 1 | 593,000 | −167,000 | 65,000 | 162,000 | |
| Non-cash lease expense | 1 | 1 | 942,000 | 890,000 | 963,000 | |
| Net gain on sale leaseback transaction | 2 | 0 | — | — | — | |
| Other noncash items | 451,000 | 414,000 | −56,000 | −148,000 | 150,000 | |
| Contributions to pension plans | −335,000 | −712,000 | −16,000 | −60,000 | −297,000 | |
| Accounts receivable | 692,000 | −2 | −1 | 345,000 | −1 | |
| Inventory | 13 | 9 | −35 | −12 | −14 | |
| Prepaid expenses and other assets | 626,000 | −2 | −1 | −3 | −1 | |
| Accounts payable | −8 | −8 | 9 | 6 | 5 | |
| Accrued and other liabilities | −10 | 734,000 | 14 | 20 | 11 | |
| Net cash used in operating activities | −6 | 2 | −11 | 14 | 4 | |
| Capital expenditures | −756,000 | −1 | −2 | −3 | −3 | |
| Proceeds from sale leaseback transaction | 3 | 24,000 | 0 | 10,000 | 10,000 | |
| Net cash provided by (used in) investing activities | 2 | −1 | −2 | −3 | −3 | |
| Proceeds from equipment financing obligations | 0 | 430,000 | 710,000 | 0 | — | |
| Proceeds from Note payable related party | 3 | 3 | 3 | 0 | 0 | |
| Principal payments on finance lease obligations | −2 | −1 | −1 | −982,000 | −499,000 | |
| Principal payments on equipment financing obligations | −505,000 | −618,000 | −551,000 | −352,000 | −176,000 | |
| Indirect repurchase of shares for minimum statutory tax withholdings | −102,000 | −126,000 | −105,000 | −49,000 | −607,000 | |
| Net cash provided by financing activities | 837,000 | 820,000 | −614,000 | −1 | −1 | |
| Effect of exchange rate changes on cash balances | −179,000 | 29,000 | 75,000 | 649,000 | −128,000 | |
| Net (decrease) increase in cash and cash equivalents | −3 | 2 | −14 | 10 | 14,000 | |
| Capital expenditures purchased through equipment financing obligations | 317,000 | 0 | 1 | 452,000 | 4 | |
| Right-of-use asset arising from operating lease liabilities | 5 | 2 | — | — | — | |
| Assets arising from finance lease liabilities | 4 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SYPRIS SOLUTIONS INC's CIK number?
SYPRIS SOLUTIONS INC's SEC CIK number is 0000864240 (864240). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SYPRIS SOLUTIONS INC's SEC filings?
All of SYPRIS SOLUTIONS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SYPRIS SOLUTIONS INC last report earnings?
SYPRIS SOLUTIONS INC (SYPR) most recently filed an earnings 8-K with the SEC on May 19, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-017690). This is SYPRIS SOLUTIONS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is SYPRIS SOLUTIONS INC's most recent earnings 8-K?
SYPRIS SOLUTIONS INC's latest earnings 8-K (Item 2.02) was filed May 19, 2026 under accession 0001437749-26-017690. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SYPRIS SOLUTIONS INC's latest earnings 8-K →
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