Brief: Sypris reports Q2 loss per share $0.15

Sypris Solutions

15/08/2017 12:15

Aug 15 (Reuters) - Sypris Solutions Inc  SYPR.O  
    * Sypris reports second quarter results 
    * Q2 revenue $21.2 million versus $23.5 million 
    * Q2 loss per share $0.15 
    * Sypris Solutions Inc - Raises second half revenue 
guidance; confirms 15%-17% margin outlook 
    * Sypris Solutions Inc - Company expects to benefit from 
$20.7 million of new sales in 2018 and $24.8 million of new 
sales in 2019 
    * Sypris Solutions Inc - Expect gross margin to increase to 
15.0%-17.0% of revenue for second half of year 
    * Raising expected revenue outlook for second half of 2017, 
which is now expected to range from $42.0-$44.0 million 
    * Sypris Solutions Inc - EBITDA is expected to be 7.0%-9.0% 
of revenue for second half of 2017 
 
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Further company coverage:  SYPR.O  
 
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