SIFCO Q4 net sales down 23.4% to $18.6M; net loss of $6.9M ($1.18 EPS) deepens from $2.5M loss

SIFCO INDUSTRIES INC

Net sales $18.6M in Q4 2022 vs $24.3M in Q4 2021 (-23.4%); full-year net sales $83.9M vs $99.6M (-15.8%).
Net loss $6.9M ($1.18 diluted EPS) in Q4 vs $2.5M loss ($0.43) in prior year; full-year net loss $9.6M ($1.65) vs $0.7M loss ($0.13).
EBITDA ($5.2M) in Q4 vs ($0.8M) prior year; Adjusted EBITDA ($4.8M) vs $0.2M.
CEO cites inventory control and supply chain issues in military/commercial aerospace; space and semiconductor activity increased.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SIFCO INDUSTRIES INC reported the fiscal year ended September 30, 2022 results: revenue $83.9 million, net income $9.6 million, EPS $(1.65) per diluted share.

Period: the fiscal year ended September 30, 2022
Revenue: $83.9 million
Net income: $9.6 million
EPS: $(1.65) per diluted share
Result: reported results

Exact text from the filing

Net sales in fiscal 2022 decreased 15.8% to $83.9 million, compared with $99.6 million for the same period in fiscal 2021. • Net loss in fiscal 2022 was $9.6 million, or $(1.65) per diluted share, compared with a net loss of $0.7 million, or $(0.13) per diluted share in fiscal 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SIFCO INDUSTRIES INC reported the fourth quarter ended September 30, 2022 results: revenue $18.6 million, net income $6.9 million, EPS $(1.18) per diluted share.

Period: the fourth quarter ended September 30, 2022
Revenue: $18.6 million
Net income: $6.9 million
EPS: $(1.18) per diluted share
Result: reported results

Exact text from the filing

Net sales in the fourth quarter of fiscal 2022 decreased 23.4% to $18.6 million, compared with $24.3 million for the same period in fiscal 2021. • Net loss for the fourth quarter of fiscal 2022 was $6.9 million, or $(1.18) per diluted share, compared with net loss of $2.5 million, or $(0.43) per diluted share, in the fourth quarter of fiscal 2021.

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Source: SEC EDGAR

accession 0000090168-22-000055

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