secwatch.observer — SEC 8-K summary
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Issuer:     SIFCO INDUSTRIES INC (SIF)
CIK:        0000090168
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000090168-22-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90168/000009016822000022/0000090168-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90168/000009016822000022/sif-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000090168-22-000022

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