Sypris Solutions reported fiscal 2025 net revenue of $119.887 million and a diluted loss per share of $(0.28), driven by a sizable decline at its Technologies segment and margin pressure across operations. Gross profit fell to $9.398 million (7.8% margin) and the company recorded a net loss of $(6.338) million, which included a $2.506 million gain on a sale-leaseback. Operating results swung to an operating loss of $(6.606) million as SG&A remained about 13.3% of revenue.

Financial Highlights

• Net revenue: $119.887 million, down $20.293 million (14.5%) versus 2024, primarily due to a decline in Sypris Technologies.
• Gross profit: $9.398 million, down $10.492 million (52.8%) versus 2024; gross margin 7.8% versus 14.2% in prior year.
• Operating (loss) income: $(6.606) million, versus $2.927 million in 2024; selling, general & administrative expenses were approximately 13.3% of revenue.
• Net (loss) income: $(6.338) million, versus $(1.680) million in 2024; includes a $2.506 million gain on sale-leaseback.
• Loss per common share (Diluted): $(0.28), versus $(0.08) in 2024.

Business Highlights

• Revenue mix shift: Sypris Electronics grew revenue by 4.9% while Sypris Technologies declined ~31%, reflecting a shift in channel mix toward electronics.
• Market diversification: Expanded participation in automotive, SUV and off‑highway programs to reduce exposure to Class 8 commercial vehicle cyclicality.
• Program ramps and backlog: New electronics program ramps and an increased backlog are expected to support revenue growth in 2026.
• Operational efficiency: Inventory reductions and strategic inventory management improved cash conversion during 2025.
• Supply chain and production risks: Component lead times, part obsolescence and lower volume absorption pressured margins; mitigation efforts are underway.

Original SEC Filing: SYPRIS SOLUTIONS INC [ SYPR ] - 10-K - Mar. 26, 2026