UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 17, 2006
----------
Sypris Solutions, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-24020 61-1321992
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
101 Bullitt Lane, Suite 450
Louisville, Kentucky 40222
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (502) 329-2000
--------------------------------------------------------------------------------
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 2 - Financial Information
Item 2.02 Results of Operations and Financial Condition.
On October 17, 2006, Sypris Solutions, Inc. (the "Company")
reported that it is lowering its financial outlook for the third
quarter. The Company now expects to report a loss for the third
quarter in the range of $0.04 to $0.05 per diluted share
compared to prior guidance for earnings of $0.03 to $0.06 per
diluted share. Revenue for the third quarter is expected to be
in the range of $125 to $127 million, below prior guidance of
$138 to $143 million. Free cash flow is expected to be $9 to $11
million, exceeding prior guidance of $0 to $5 million. The full
text of the press release is set forth in Exhibit 99 hereto.
The information in this Form 8-K and the attached Exhibit is
being furnished pursuant to Item 2.02 "Results of Operations and
Financial Condition" and shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934 or
otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth
by specific reference in such filing.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure.
On October 17, 2006, Sypris Solutions, Inc. (the "Company")
reported that it is lowering its financial outlook for the third
quarter. The Company now expects to report a loss for the third
quarter in the range of $0.04 to $0.05 per diluted share
compared to prior guidance for earnings of $0.03 to $0.06 per
diluted share. Revenue for the third quarter is expected to be
in the range of $125 to $127 million, below prior guidance of
$138 to $143 million. Free cash flow is expected to be $9 to $11
million, exceeding prior guidance of $0 to $5 million. The full
text of the press release is set forth in Exhibit 99 hereto.
The information in this Form 8-K and the attached Exhibit is
being furnished pursuant to Item 7.01 "Regulation FD Disclosure"
and shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933,
except as shall be expressly set forth by specific reference in
such filing.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description of Exhibit
-------------- ----------------------
99 Press release issued October 17, 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 17, 2006 Sypris Solutions, Inc.
By: /s/ T. Scott Hatton
---------------------------------
T. Scott Hatton
Vice President and Chief
Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description
------- -----------
99 Registrant's press release dated October 17, 2006.