Sypris Solutions, Inc. reported a net loss of $0.9 million, or $0.04 per share, for the first quarter of 2025, which is an improvement from a net loss of $2.2 million, or $0.10 per share, in the prior-year period. However, total revenue for the quarter decreased to $29.5 million, compared to $35.6 million in the first quarter of 2024.
Sypris Technologies' revenue declined to $13.6 million from $18.4 million, impacted by an anticipated cyclical decline in the commercial vehicle market and a $1.6 million decrease due to operating under a sub-maquiladora services agreement in Mexico. Despite this, Sypris Technologies' gross profit margin improved to 15.5% from 11.2%, partly due to a $0.4 million positive impact from foreign currency exchange rates.
Sypris Electronics' revenue was $15.9 million, down from $17.2 million, due to changes in customer delivery schedules. Its gross profit margin improved to 7.9% from 4.8%, including a $0.6 million equitable adjustment for scope modifications on a new contract. Due to macroeconomic uncertainty related to potential new tariffs, the company has withdrawn its 2025 financial guidance and plans to suspend future guidance until the economic outlook stabilizes.
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