- Revenue increased 24% from the prior year quarter driven by a 38% increase in sales for the Industrial Group.
- Gross profit increased 42% from the prior year period, reflecting a 197% increase in gross profit for the Industrial Group.
- Gross margin increased to 11.3% of revenue, up from 9.8% for the third quarter of last year.
- Earnings increased to $0.30 per diluted share, up from a loss of $0.10 per share for the prior year period.
- Free cash flow for the quarter increased to $6.8 million, or $0.36 per share.
- The Company announced a new long-term supply agreement to provide drivetrain components to Sisamex Automotrices de Mexico.
- The Company hosted a two week cyber training program, including a nationwide ethical hacking Capture the Flag event that was won by a team from Brigham Young University.
Sypris Reports Third Quarter Results
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