Sypris Solutions (SYPR) Reports In-Line Q4 EPS
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Sypris Reports 2015 Results
March 30, 2016 7:45 AM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Sypris Solutions, Inc. (Nasdaq/NM: SYPR) today reported financial results for its fourth quarter and full year ended December 31, 2015.
HIGHLIGHTS
For the Fourth Quarter:
Consolidated revenue and gross profit for the fourth quarter declined sequentially, primarily reflecting a reduction in the demand for commercial vehicles and the rebalancing of inventory by certain customers. Revenue for Sypris Electronics increased 26% from the prior fourth quarter to $8.9Â million, while gross profit increased $1.2Â million to $0.3Â million.... More