SIFCO Q2 net income $3.6M vs loss of $1.5M YoY; sales down 1.2%

SIFCO INDUSTRIES INC

2022-Q2 EPS reported -$0.01 revenue$43,815,000

Q2 net sales $24.6M, down 1.2% vs $24.9M YoY; net income $3.6M ($0.61 diluted EPS) vs net loss $1.5M.
Q2 GAAP EBITDA $5.5M vs $0.7M YoY; Adjusted EBITDA $0.7M vs $1.2M YoY.
Six-month net sales $43.8M, down 12.3% YoY; net loss $0.05M vs net income $1.5M a year ago.
CEO cites 28% sequential revenue improvement from Q1 despite ongoing COVID-19 impacts.
Adjusted EBITDA for six months was negative $1.0M vs positive $3.1M in prior year.

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