Sypris Solutions, Inc. (Nasdaq/NM: SYPR) today reported financial results for its third quarter ended September 30, 2012.
For the Third Quarter:
- Revenue decreased 13.6% from the third quarter of last year.
- Gross margin increased 60 basis points to 11.9%.
- Earnings from continuing operations were $0.03 per diluted share.
- Free cash flow was $4.2 million, or $0.22 per diluted share.
- Revenue increased 8.8% compared to the first nine months of last year.
- Gross profit increased 32.4% compared to the prior year period.
- Gross margin increased to 12.8% from 10.5% over the same period.
- Earnings from continuing operations increased to $0.55 per diluted share, up from $0.35 per diluted share for the prior year period.
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