SYPRIS SOLUTIONS INC SYPR
We were formed as a Delaware corporation in 1997. We provide products and engineering, design, and manufacturing services for a variety of critical infrastructure sectors, including energy, space, communications, defense, transport, chemical, and water. Sypris serves its customers globally through its operations located in North America. We produce a wide range of manufactured products, often under multi-year, sole-source contracts.
We focus on those markets where we believe we have the expertise, qualifications and leadership position to sustain a competitive advantage. We target our resources to support the needs of industry participants that embrace technological innovation and flexibility, coupled with multi-year contractual relationships, as a strategic component of their supply chain management. These contracts, many of which are sole-source by part number, have historically created opportunities to invest in leading-edge processes or technologies to help our customers remain competitive. The productivity and innovation that can result from such investments helps to differentiate us from our competition when it comes to cost, quality, reliability and customer service.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119.9M | $140.2M | $136.2M | $110.1M | $97.4M | $82.3M | $87.9M | $88.0M | $82.3M | $91.8M |
| Cost of revenue | $110.5M | $120.3M | $119.0M | $95.3M | $82.9M | $70.3M | $78.0M | $80.4M | $79.0M | $91.0M |
| Gross profit | $9.4M | $19.9M | $17.2M | $14.9M | $14.5M | $12.1M | $9.9M | $7.6M | $3.3M | $749.0K |
| R&D | — | — | — | — | — | — | — | $0 | $38.0K | $330.0K |
| SG&A | $16.0M | $17.0M | $16.3M | $14.5M | $12.6M | $12.0M | $13.7M | $10.5M | $13.1M | $22.0M |
| Operating income | -$6.6M | $2.9M | $969.0K | $364.0K | $1.9M | $90.0K | -$4.3M | -$4.3M | -$12.1M | -$22.8M |
| Interest expense | $1.6M | $1.7M | $777.0K | $1.1M | $868.0K | $838.0K | $903.0K | $850.0K | $809.0K | $4.9M |
| Pre-tax income | -$6.3M | $26.0K | -$933.0K | -$1.5M | $4.0M | -$1.3M | -$4.0M | -$3.7M | -$11.4M | $6.3M |
| Income tax | $61.0K | $1.7M | $663.0K | $948.0K | $1.1M | $3.0M | $4.0K | $205.0K | $618.0K | $301.0K |
| Net income | -$6.3K | -$1.7K | -$1.6K | -$2.5M | $2.9M | $1.7M | -$3.9M | -$3.5M | -$10.8M | $6.0M |
| EPS, basic | -0.28 | -0.08 | -0.07 | -0.11 | 0.14 | 0.08 | -0.19 | -0.17 | -0.53 | 0.30 |
| EPS, diluted | -0.28 | -0.08 | -0.07 | -0.11 | 0.13 | 0.08 | -0.19 | -0.17 | -0.53 | 0.30 |
| Shares, diluted (wtd. avg.) | $22.3M | $22.0M | $21.9M | $21.7M | $23.0M | $21.1M | $20.9M | $20.5M | $20.3K | $19.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | $5.1M | $10.7M | $8.1M | $16.8M |
| Receivables | $9.8M | $10.6M | $8.9M | $8.1M | $8.5M | $7.2M | $7.4M | $9.9M | $9.3M | $8.0M |
| Inventory | $52.5M | $66.7M | $77.3M | $42.1M | $30.1M | $16.2M | $20.8M | $18.6M | $17.6M | $14.6M |
| Total current assets | $79.9M | $98.0M | $103.9M | $80.0M | $56.1M | $39.4M | $39.8M | $45.4M | $40.0M | $42.9M |
| Property, plant and equipment | — | — | $17.1M | $15.5M | $14.1M | $10.2M | $11.7M | $14.7M | $15.6M | $17.9M |
| Total assets | $107.8M | $119.4M | $129.3M | $104.1M | $79.5M | $60.7M | $60.1M | $61.6M | $57.2M | $62.6M |
| Accounts payable | $10.3M | $18.4M | $26.7M | $17.6M | $12.0M | $6.7M | $9.3M | $13.4M | $10.5M | $6.7M |
| Short-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total current liabilities | $62.4M | $79.5M | $86.5M | $56.1M | $34.0M | $21.2M | $23.4M | $29.0M | $21.6M | $17.7M |
| Total liabilities | $90.0M | $99.8M | $106.9M | $84.6M | $60.2M | $45.9M | $46.6M | $46.7M | $40.2M | $36.5M |
| Retained earnings | -$125.0M | -$118.6M | -$116.9M | -$115.3M | -$112.8M | -$115.8M | -$117.4M | -$114.9M | -$111.6M | -$100.8K |
| Total equity | $17.8M | $19.6M | $22.5M | $19.6M | $19.3M | $14.8M | $13.4M | $14.8M | $16.9M | $26.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.7M | $2.0M | -$11.1M | $13.8M | $4.2M | $3.6M | -$5.9M | $1.9M | -$9.5M | -$19.3M |
| Depreciation and amortisation | $2.8M | $3.2M | $3.3M | $3.1M | $2.6M | $2.5M | $2.7M | $2.6M | $3.9M | $6.3M |
| Stock-based compensation | $1.1M | $868.0K | $813.0K | $683.0K | $491.0K | $426.0K | $469.0K | $637.0K | $730.0K | $1.4M |
| Capital expenditure | $756.0K | $1.1M | $2.1M | $3.0M | $2.8M | $1.5M | $859.0K | $2.1M | $1.6M | $1.8M |
| Investing cash flow | $2.2M | -$1.1M | -$2.1M | -$3.0M | -$2.8M | $427.0K | $999.0K | $1.6M | $1.2M | $48.3M |
| Financing cash flow | $837.0K | $820.0K | -$614.0K | -$1.4M | -$1.3M | $2.7M | -$788.0K | -$936.0K | -$331.0K | -$15.1M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-195346.
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