SYPRIS SOLUTIONS INC

Sypris Solutions, Inc. (NASDAQ: SYPR) operates as a diversified manufacturer providing products and engineering, design, and manufacturing services for critical infrastructure sectors including energy, space, communications, defense, transport, chemical, and water. The company maintains operations across North America with its website at www.sypris.com.

The company operates through two primary business segments. Sypris Technologies generates approximately 43% of net revenue through the production of forged, machined, welded, and heat-treated steel components primarily for heavy commercial vehicles and high-pressure energy pipeline applications. This segment serves original equipment manufacturers including General Motors, Freightliner, Mack Truck, Navistar, PACCAR, Volvo, and Bombardier Recreational Products, along with oil and gas pipeline operators. Sypris Electronics accounts for approximately 57% of net revenue and specializes in circuit card and full box build manufacturing, high reliability manufacturing, systems assembly and integration, and design services for aerospace, defense, space, and other high-reliability electronics markets. This segment serves major defense contractors including Northrop Grumman, Lockheed Martin, L3Harris Technologies, Collins Aerospace, and BAE Systems.

As of December 31, 2025, Sypris employed 548 people across its operations, with approximately 406 engaged in manufacturing, 62 in engineering, 14 in sales and marketing, and 66 in administration. Approximately 224 employees are covered by collective bargaining agreements. The company's five largest customers in 2025 were Northrop Grumman, Detroit Diesel, SubCom, Analog Devices, and Sistemas Automotrices de Mexico, collectively representing 63% of net revenue.

The company manufactures products often under multi-year, sole-source contracts, emphasizing advanced quality and manufacturing techniques including lean manufacturing, six sigma, and total quality management. Sypris Technologies operates facilities in the United States and Mexico, with Mexican operations representing 26% of consolidated net revenues in 2025. The company owns or licenses various patents and trademarks, including the proprietary Sypris Ultra® axle shaft product, though its business is not materially dependent on any single patent or license.