UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 13, 2006 (July 12, 2006)
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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
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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 July 12, 2006, Sypris Solutions, Inc. (the "Company")
reported that it is lowering its financial outlook for the
second quarter. The Company now expects to report a loss for the
second quarter in the range of $0.02 to $0.04 per diluted share
compared to prior guidance for earnings of $0.10 to $0.12 per
diluted share. Revenue for the second quarter is expected to be
in the range of $132 to $133 million, which is consistent with
prior guidance of $130 to $135 million. Free cash flow is
expected to be in excess of $20 million, significantly exceeding
prior guidance. 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 July 12, 2006, Sypris Solutions, Inc. (the "Company")
reported that it is lowering its financial outlook for the
second quarter. The Company now expects to report a loss for the
second quarter in the range of $0.02 to $0.04 per diluted share
compared to prior guidance for earnings of $0.10 to $0.12 per
diluted share. Revenue for the second quarter is expected to be
in the range of $132 to $133 million, which is consistent with
prior guidance of $130 to $135 million. Free cash flow is
expected to be in excess of $20 million, significantly exceeding
prior guidance. 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
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99 Press release issued July 12, 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: July 13, 2006 Sypris Solutions, Inc.
By: /s/ T. Scott Hatton
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T. Scott Hatton
Vice President and Chief
Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description
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99 Registrant's press release dated July 12, 2006.