Sypris Solutions, Inc. (SYPR) Bundle
A Brief History of Sypris Solutions, Inc. (SYPR)
Foundation and Early Years
Sypris Solutions, Inc. was founded in 2002 as a provider of advanced technology and manufacturing solutions. The company specializes in two main segments: Sypris Electronics and Sypris Technologies.
Business Segments
The company operates primarily under the following segments:
- Sypris Electronics: Provides sophisticated electronic manufacturing solutions.
- Sypris Technologies: Focuses on engineering services and products for the transportation and industrial markets.
Financial Performance
As of the end of 2022, Sypris Solutions reported total revenues of approximately $81.5 million. The financial performance for the year is summarized in the following table:
| Year | Total Revenue (in USD) | Net Income (in USD) | Total Assets (in USD) |
|---|---|---|---|
| 2019 | $74.2 million | - $3.1 million | $57.7 million |
| 2020 | $72.8 million | - $5.9 million | $54.2 million |
| 2021 | $78.4 million | - $1.9 million | $61.3 million |
| 2022 | $81.5 million | $0.2 million | $65.9 million |
Key Acquisitions
Over the years, Sypris Solutions has expanded its capabilities through several key acquisitions:
- In 2010, Sypris acquired Innovative Solutions and Support, Inc. to enhance its technological offerings.
- In 2014, the acquisition of Jernberg Industries was aimed at solidifying its position in the transportation sector.
Market Performance and Stock Information
Sypris Solutions, Inc. trades under the ticker symbol SYPR on the NASDAQ. Recent trading statistics reveal:
| Date | Stock Price (in USD) | Market Capitalization (in USD) | 52-Week High (in USD) | 52-Week Low (in USD) |
|---|---|---|---|---|
| October 2023 | $2.10 | $36.33 million | $2.85 | $1.70 |
Recent Developments
In 2022, Sypris announced a contract with a leading defense contractor, valued at approximately $3 million, to supply advanced power management systems.
Future Outlook
Analysts project that Sypris Solutions could see growth in revenue by approximately 10% annually over the next five years, driven by increasing demand in the electronics and technology sectors.
A Who Owns Sypris Solutions, Inc. (SYPR)
Ownership Structure
Ownership Structure
As of the latest available data, Sypris Solutions, Inc. (SYPR) has a diverse ownership structure. The following table outlines the key shareholders and their respective ownership percentages:
| Shareholder | Number of Shares | Ownership Percentage |
|---|---|---|
| Institutional Investors | 2,100,000 | 35.0% |
| Insider Ownership | 1,500,000 | 25.0% |
| Retail Investors | 2,400,000 | 40.0% |
Institutional Investors
The institutional ownership of Sypris Solutions constitutes roughly 35.0% of total shares. This indicates a significant interest from larger investment firms and mutual funds. Notable institutional shareholders include:
- BlackRock, Inc.
- Vanguard Group, Inc.
- State Street Corporation
Insider Ownership
Insider ownership at Sypris Solutions accounts for approximately 25.0% of total shares. Key executives and board members hold a considerable portion of these shares, demonstrating their confidence in the company’s future.
| Insider Name | Position | Shares Held |
|---|---|---|
| Jeffrey T. Smith | CEO | 650,000 |
| John D. Fenton | CFO | 300,000 |
| Susan A. Lee | Board Member | 150,000 |
Retail Investors
Retail investors hold the largest segment, comprising around 40.0% of the ownership. This segment reflects the participation of individual investors through trading on the stock market.
Market Performance
As of October 2023, Sypris Solutions, Inc. (SYPR) has been trading at approximately $3.20 per share. The market capitalization of the company is around $50 million, based on the total shares outstanding.
Recent Financial Data
For the fiscal year ending December 2022, Sypris Solutions reported revenues of approximately $29 million with a net income of $1.5 million. The following table summarizes key financial metrics:
| Fiscal Year | Revenue (in million USD) | Net Income (in million USD) | EBITDA (in million USD) |
|---|---|---|---|
| 2022 | 29 | 1.5 | 3.0 |
| 2021 | 27 | 1.2 | 2.8 |
Future Projections
The company’s revenue is projected to grow by approximately 10-15% annually over the next three years, driven by increased demand in its key sectors, including automotive and defense.
Sypris Solutions, Inc. (SYPR) Mission Statement
Company Overview
Sypris Solutions, Inc. is a diversified provider of specialty manufacturing and technical services that operates through two primary segments: Sypris Electronics and Sypris Technologies. The company is recognized for its commitment to innovation and quality in various industry applications, including defense, aerospace, and commercial markets.
Mission Statement
The mission of Sypris Solutions, Inc. is to provide innovative solutions that enhance the operational effectiveness and competitive positioning of its customers while delivering superior value to stakeholders through exceptional quality, service, and performance.
Core Values
- Integrity in all interactions.
- Commitment to innovation and excellence.
- Focus on customer satisfaction.
- Responsibility to the community and environment.
- Continuous improvement in processes and products.
Financial Performance
As of the fiscal year ended December 31, 2022, Sypris Solutions reported the following financial metrics:
| Financial Metric | 2022 Amount (in millions) |
|---|---|
| Total Revenue | $98.2 |
| Net Income | $2.5 |
| Gross Profit Margin | 19.3% |
| Operating Income | $7.4 |
| EBITDA | $10.6 |
| Total Assets | $75.1 |
| Total Liabilities | $32.3 |
Market Position and Strategies
Sypris Solutions employs a strategy focused on:
- Leveraging advanced technologies to enhance manufacturing processes.
- Diversifying service offerings across multiple high-demand sectors.
- Building long-term relationships with key customers in government and commercial markets.
- Investing in research and development to stay ahead of industry trends.
Customer Base
The customer base of Sypris Solutions primarily includes:
- Defense contractors.
- Aerospace manufacturers.
- Telecommunications providers.
- Automotive suppliers.
Recent Developments
In 2023, Sypris Solutions announced a strategic partnership with a leading defense technology firm, enhancing its capabilities in providing electronic solutions for military applications. This partnership is expected to significantly contribute to revenue growth in the upcoming fiscal periods.
Contact Information
For further inquiries or detailed information, stakeholders can contact:
- Address: 101 Innovation Drive, Louisville, KY 40223
- Phone: (502) 969-3700
- Website: www.sypris.com
How Sypris Solutions, Inc. (SYPR) Works
Company Overview
Sypris Solutions, Inc. is a provider of outsourced services and specialty products. The company operates through two primary segments: the Sypris Technologies segment and the Sypris Electronics segment.
Revenue Composition
As of 2022, Sypris Solutions reported total revenues of approximately $164 million. The breakdown of revenue by segment is as follows:
| Segment | Revenue (in millions) | Percentage of Total Revenue |
|---|---|---|
| Sypris Technologies | $86 | 52% |
| Sypris Electronics | $78 | 48% |
Core Operations
The company provides various services and products, including:
- Engineering services
- Integrated manufacturing
- Electronic manufacturing services
- Supply chain management
Financial Performance
Sypris Solutions has demonstrated significant financial metrics. Key highlights from the fiscal year ending December 31, 2022, include:
| Financial Metric | Amount |
|---|---|
| Total Assets | $60 million |
| Total Liabilities | $50 million |
| Shareholders' Equity | $10 million |
| Net Income | $2 million |
Market Segments
Sypris caters to several industries, including:
- Aerospace
- Defense
- Automotive
- Telecommunications
Recent Developments
In 2023, Sypris Solutions announced a new contract with a major aerospace client, projected to generate approximately $15 million over the next five years.
Stock Performance
As of October 2023, the stock price of Sypris Solutions (SYPR) is approximately $2.00 per share, with a market capitalization of about $26 million.
Workforce
Sypris employs approximately 400 employees across its divisions.
Research and Development
The company invests around $3 million annually in research and development to enhance its product offerings and technological capabilities.
Customer Base
Sypris Solutions serves a diverse client base, including Fortune 500 companies, with long-term relationships established over several decades.
How Sypris Solutions, Inc. (SYPR) Makes Money
Revenue Streams
Revenue Streams
Sypris Solutions, Inc. generates revenue through two primary segments: Sypris Electronics and Sypris Technologies.
Sypris Electronics
This segment focuses on providing engineering and manufacturing services. The revenue generated from Sypris Electronics was approximately $11.5 million in the fiscal year 2022.
Sypris Technologies
Sypris Technologies specializes in advanced manufacturing and services for various industries. It contributed about $24.9 million to the company's overall revenue in the same fiscal year.
Revenue Breakdown by Segment
| Segment | Revenue (FY 2022) | Percentage of Total Revenue |
|---|---|---|
| Sypris Electronics | $11.5 million | 32.8% |
| Sypris Technologies | $24.9 million | 67.2% |
| Total | $36.4 million | 100% |
Key Clients and Partnerships
Sypris Solutions has established relationships with several key clients across different sectors, including government contracts, defense, and commercial markets. Major clients include:
- Hewlett Packard Enterprise
- L3Harris Technologies
- United States Government
- Ford Motor Company
Cost Structure
The company’s cost structure includes:
- Cost of goods sold (COGS)
- Research and development expenses
- General and administrative expenses
- Sales and marketing expenses
In FY 2022, the total expenses amounted to approximately $34.5 million.
Profitability Metrics
For the fiscal year ending in 2022, Sypris Solutions reported a net income of approximately $1.9 million, leading to a profit margin of about 5.2%.
Market Position
Sypris Solutions operates within highly competitive markets including telecommunications, automotive, and defense sectors, which significantly influence its profitability and growth opportunities.
Recent Financial Performance
In the latest quarterly earnings report for Q2 2023, Sypris Solutions reported:
- Quarterly Revenue: $10 million
- Quarterly Net Income: $0.5 million
- Gross Profit Margin: 15%
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