SIFCO Q3 2022: Net loss $2.7M ($0.46/sh) on $21.4M revenue, vs $0.3M profit a year ago

SIFCO INDUSTRIES INC

2022-Q3 EPS reported -$0.47 revenue$65,269,000

Net loss of $2.7M ($0.46 diluted EPS) vs net income of $0.3M ($0.04) in Q3 FY2021.
Net sales fell 15.3% to $21.4M from $25.3M a year ago.
Adjusted EBITDA was negative $(0.7)M versus positive $2.4M in prior-year quarter.
Year-to-date net loss $2.7M ($0.47/sh) vs net income $1.8M ($0.29/sh) in prior period.
CEO highlighted $3.3M debt reduction in quarter despite challenging market.

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