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Sypris Solutions, Inc. (SYPR) reported third-quarter 2025 earnings on September 28, revealing a net income of $0.5 million, or 2 cents per share, unchanged year-over-year. Revenues were $28.7 million, a decrease of 19.6% from $35.7 million in the same quarter last year. The company’s stock has dropped 3.3% since the earnings release, compared to a 2% decline in the S&P 500.
Significant factors include a 41% decline in revenues from Sypris Technologies due to a downturn in the commercial vehicle market and $1 million revenue loss from operational changes in Mexico. Conversely, Sypris Electronics saw a 6% revenue growth to $17.1 million, but gross profit fell from $2.3 million to $1.2 million, hurting margins. Overall, gross profit for the quarter was $2.1 million, down 65.7% year-over-year.
Looking forward, the company expects ongoing operational challenges into early 2026, primarily driven by tariff pressures and inventory adjustments, forecasting continued revenue declines. However, a rise in backlog for electronics and energy products suggests potential recovery as market conditions evolve.
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