Sypris Solutions, Inc. (SYPR) Bundle
A Brief History of Sypris Solutions, Inc. (SYPR)
Company Overview
Sypris Solutions, Inc. is a Nashville, Tennessee-based diversified provider of manufacturing and technical services.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2022 | $79.4 million | $1.2 million |
| 2023 | $83.6 million | $1.7 million |
Business Segments
- Sypris Transportation
- Sypris Electronics
- Sypris Test & Measurement
Stock Information
NASDAQ Ticker: SYPR
Stock Price (as of January 2024): $1.25
Market Capitalization: Approximately $23.5 million
Key Corporate Details
- Headquarters: Nashville, Tennessee
- Founded: 1998
- CEO: Richard Spooner
- Total Employees: Approximately 500
Recent Strategic Developments
Focused on aerospace, defense, and industrial markets with manufacturing facilities in the United States.
Who Owns Sypris Solutions, Inc. (SYPR)
Major Institutional Shareholders
| BlackRock Inc. | 7.31% ownership |
| Renaissance Technologies LLC | 3.92% ownership |
| Dimensional Fund Advisors LP | 3.47% ownership |
| Vanguard Group Inc. | 2.86% ownership |
Insider Ownership
Jeffrey T. Gill, President and CEO, owns 8.3% of company shares.
Ownership Structure
- Public Float: 85.6%
- Insider Ownership: 14.4%
- Total Outstanding Shares: 11,456,000
Top Shareholders
| Jeffrey T. Gill | Shares: 952,000 |
| Mark R. Bulmahn | Shares: 284,000 |
Sypris Solutions, Inc. (SYPR) Mission Statement
Company Overview
Sypris Solutions, Inc. is a diversified technology and manufacturing company headquartered in Tampa, Florida. As of the fiscal year 2023, the company operates in two primary business segments: Sypris Technologies and Sypris Electronics.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $76.3 million |
| Net Income | $1.2 million |
| Gross Margin | 17.4% |
Core Business Segments
- Sypris Technologies: Provides manufacturing services for the automotive and heavy truck markets
- Sypris Electronics: Designs and manufactures electronic products for aerospace and defense industries
Strategic Focus Areas
Key strategic objectives include:
- Expanding manufacturing capabilities
- Enhancing technological innovation
- Maintaining operational efficiency
Market Presence
| Market Segment | Primary Customers |
|---|---|
| Automotive | Major automotive manufacturers |
| Aerospace | Defense and government contractors |
Stock Performance
As of January 2024, SYPR stock price: $1.85 per share
Operational Metrics
- Number of Employees: Approximately 700
- Manufacturing Facilities: 3 locations in North America
- Annual Production Capacity: 2.5 million units
How Sypris Solutions, Inc. (SYPR) Works
Company Overview
Sypris Solutions, Inc. is a diversified technology and manufacturing company headquartered in Tampa, Florida. As of 2024, the company operates in two primary business segments: Sypris Technologies and Sypris Electronics.
Business Segments
Sypris Technologies
Focuses on manufacturing complex engineered products for automotive, commercial vehicle, and industrial markets.
| Product Category | Key Manufacturing Capabilities |
|---|---|
| Automotive Components | Drivetrain and chassis components |
| Commercial Vehicle Parts | Heavy-duty truck components |
| Industrial Equipment | Precision machined parts |
Sypris Electronics
Provides electronic manufacturing services and technical solutions for defense, aerospace, and commercial markets.
| Service Category | Primary Customers |
|---|---|
| Electronic Design | Department of Defense |
| Circuit Board Assembly | Aerospace contractors |
| Technical Services | Commercial technology firms |
Financial Performance
As of the most recent financial reporting period:
- Annual Revenue: $79.4 million
- Gross Margin: 17.2%
- Net Income: $1.2 million
Manufacturing Facilities
Sypris operates manufacturing facilities in:
- Tampa, Florida
- Louisville, Kentucky
- Mexico
Key Market Sectors
- Automotive
- Commercial Vehicle
- Defense
- Aerospace
- Industrial Equipment
Technological Capabilities
Specializes in:
- Precision machining
- Electronic circuit design
- Advanced manufacturing techniques
- Complex component engineering
How Sypris Solutions, Inc. (SYPR) Makes Money
Revenue Streams
Sypris Solutions, Inc. generates revenue through two primary business segments:
- Sypris Technologies
- Sypris Precision Components
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $95.7 million |
| Gross Profit | $11.2 million |
| Net Income | $1.3 million |
Technology Segment Revenue Sources
Sypris Technologies focuses on:
- Automotive component manufacturing
- Commercial vehicle parts production
- Electrical systems and components
Precision Components Segment
Key revenue sources include:
- Aerospace and defense manufacturing
- Precision machined components
- Engineering services
Market Breakdown
| Market Segment | Revenue Contribution |
|---|---|
| Automotive | 62% |
| Aerospace/Defense | 28% |
| Other Industries | 10% |
Key Customers
- Major automotive manufacturers
- Aerospace companies
- Defense contractors
Operational Locations
| Location | Facility Type |
|---|---|
| Louisville, Kentucky | Headquarters and Manufacturing |
| Mexico | Manufacturing Facility |
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