Brief: Sypris Reports Q1 Loss Per Share $0.11

Sypris Solutions

15/05/2019 12:57

May 15 (Reuters) - Sypris Solutions Inc  SYPR.O :
    * SYPRIS REPORTS FIRST QUARTER RESULTS
    * Q1 LOSS PER SHARE $0.11
    * Q1 REVENUE $19.6 MILLION VERSUS $19.9 MILLION
    * SEES FY REVENUE $100 MILLION TO $110 MILLION
    * REAFFIRMS 2019 GROWTH AND MARGIN EXPANSION GUIDANCE
    * EXPECT TO SEE PROGRESSIVELY HIGHER LEVELS OF SHIPMENTS
SEQUENTIALLY THROUGH 2019
    * EXPECT TO SEE MEANINGFUL IMPROVEMENTS IN GROSS MARGIN, UP
TO
14%-16% FOR YEAR AS A WHOLE
    * SYPRIS - EXPECTED, ONGOING SHORTAGE OF ELECTRONIC
COMPONENTS,
LABOR INEFFICIENCIES CONTINUED TO HAVE NEGATIVE IMPACT ON SYPRIS
ELECTRONICS IN Q1

Source text for Eikon:  ID:nBw3VnyXDa 
Further company coverage:  SYPR.O 

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