LOUISVILLE, KY – Sypris Solutions reported first-quarter revenue of $96.5 million, up 27% year-over-year.

Net income was $5.3 million, an increase of 152.4% compared to the same period last year.

Revenue for the Electronics Group was $13.9 million, down 14.7% compared to the first quarter of 2011, but up 23% sequentially.

Gross profit for the quarter was $2.6 million, or 18.6% of revenue, compared to $3 million, or 18.5% of revenue for the same period in 2011.

The company expects the Electronics Group to see progressive recovery in shipments and margins throughout the coming year.

• Prev
• Next