Sypris Solutions (SYPR) Posts Q3 Loss of 1c/Share
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Sypris Reports Third Quarter Results
November 17, 2015 7:45 AM ESTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/NM: SYPR) today reported financial results for its third quarter ended October 4, 2015.
HIGHLIGHTS
For the Third Quarter:
The Companys gross margin increased to 6.4% of revenue, up sequentially from losses of 0.1% and 8.5% for the second and first quarters of 2015, respectively. The Company generated $15.7Â million in cash proceeds through transactions involving the sale of its manufacturing assets located in Morganton, North Carolina. The Company reported a... More