Brief: Sypris posts Q3 loss per share $0.15

Sypris Solutions

14/11/2017 12:45

Nov 14 (Reuters) - Sypris Solutions Inc  SYPR.O  
    * Sypris reports third quarter results 
    * Q3 loss per share $0.15 
    * Q3 revenue $21.4 million versus $21.4 million 
    * Sees Q4 revenue $20 million to $22 million 
    * Sees FY 2018 revenue $86 million to $92 million 
    * Sypris Solutions Inc sees 2018 gross margin of 15 pct to 
17 
pct 
    * Sypris Solutions - production issues and delayed 
shipments at 
Sypris Technologies contributed to $2.2 million miss to 
forecasted gross profit for quarter 
    * Sypris - Q4, 2018 expected to benefit from lower fixed 
overhead, production costs at Sypris Technologies, elimination 
of severance, other expenses 
    * Sypris Solutions Inc - expect progress made last year and 
during nine months of 2017 will enable co's operations to return 
to profitability by end of H1 2018 
    * Sypris Solutions - production issues faced in Q3 have 
been 
"substantially" resolved 
 
Source text for Eikon:  ID:nBw4767Bha  
Further company coverage:  SYPR.O  
 
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