SYPRIS SOLUTIONS (SYPR) Company Report

Sypris Solutions, Inc. and its subsidiaries entered into an Amended and Restated Promissory Note with Gill Family Capital Management, Inc. on January 12, 2026, for a maximum principal amount of $12,000,000.00.
The maturity date of the note has been extended to April 1, 2030.
Principal payments are scheduled as $2,000,000 on April 1, 2027, $2,000,000 on April 1, 2028, $5,000,000 on April 1, 2029, and the remaining $3,000,000 on April 1, 2030.
The company has the option to defer up to 100% of interest payments until April 1, 2027.
From April 1, 2026, the note will bear a variable interest rate, which will be the greater of 8.00% or 500 basis points above the average US Five Year Treasury Note Rate.

Jan 14, 2026, 12:30 PM

Sypris Solutions Reports Q3 2025 Financial Results with Revenue Decline and Increased Backlog

SYPR

Earnings

Guidance Update

Demand Weakening

Sypris Solutions reported Q3 2025 revenue of $28.7 million, a decrease from $35.7 million in the prior-year quarter, primarily due to the near-term impact of tariffs and reduced demand from certain transportation-related customers.
The company achieved net income of $0.5 million for Q3 2025, compared to $0.4 million in Q3 2024, which included a $2.5 million gain from a sale-leaseback transaction completed during the quarter.
Year-to-date orders for Sypris Electronics increased 65% compared to the prior year, driving its backlog up 14% from year-end 2024, with new contract awards for subsea communication networks and a U.S. Department of War missile weapons system.
Management expects a challenging operating environment to continue into early 2026, anticipating a revenue decline due to inventory drawdowns and shipment conversions, partially offset by the strong backlog in Sypris Electronics and robust energy product orders.