Defense services firm Sypris' Q3 revenue falls on tariff impact

Reuters11-12

Defense services firm Sypris' Q3 revenue falls on tariff impact

Overview

Sypris Q3 revenue falls to $28.7 mln, impacted by tariffs and transportation demand
Sypris Electronics orders rise 65% YTD, boosting backlog by 14% from year-end 2024
Company completes sale-leaseback, generating $2.9 mln in proceeds and $2.5 mln gain

Outlook

Company expects challenging environment to continue into early next year due to tariffs
Sypris sees strong backlog and new program wins offsetting some revenue declines
Company anticipates revenue decline due to inventory drawdowns and shipment conversions

Result Drivers

TARIFF IMPACT - Revenue decline attributed to tariffs affecting transportation-related demand and necessitating shipment conversion
ELECTRONICS ORDERS - Sypris Electronics orders increased 65% YTD, driving backlog up 14% from year-end 2024
SALE-LEASEBACK TRANSACTION - Completed sale-leaseback of Louisville facility, generating $2.9 mln in proceeds and $2.5 mln gain

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$28.67 mln
Q3 Net Income		$517,000
Q3 Gross Profit		$2.05 mln
Q3 Operating Income		-$1.74 mln
Q3 Pretax Profit		$351,000

Press Release: ID:nBw4KFvm6a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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