Sypris Solutions Reiterated FY24 Revenue Growth Of 10%-15% YoY
Portfolio Pulse from Benzinga Newsdesk
Sypris Solutions has reiterated its full-year 2024 outlook, expecting a 10-15% year-over-year revenue growth. The company also anticipates a 20-25% increase in gross profit and an expansion of gross margins by 100-125 basis points.
August 13, 2024 | 11:49 am
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Sypris Solutions has reiterated its full-year 2024 outlook, expecting a 10-15% year-over-year revenue growth. The company also anticipates a 20-25% increase in gross profit and an expansion of gross margins by 100-125 basis points.
The reaffirmation of strong revenue and profit growth, along with margin expansion, is likely to positively impact investor sentiment and the stock price of Sypris Solutions in the short term.
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