SIFCO Q2 net loss $2.4M, revenue down 21.7% on cyber incident

SIFCO INDUSTRIES INC

2023-Q3 EPS reported -$0.94 revenue$62,394,000

Net sales $19.2M (-21.7% YoY); net loss $2.4M vs income $3.7M in prior Q2.
Diluted EPS loss $0.40 vs $0.61 gain a year ago; adjusted EBITDA $0.1M.
CEO cites Dec 2022 cyber incident that impaired early-Q2 shipments; now resolved.
Backlog grew to $96.7M from $72.0M year-over-year; markets approaching pre-pandemic.
Six-month net sales $40.5M (-7.5%); net loss $5.0M vs $0.1M loss prior year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SIFCO INDUSTRIES INC reported second quarter of fiscal 2023 results: revenue $19.2 million, net income $2.4 million, EPS $(0.40) per diluted share.

Period: second quarter of fiscal 2023
Revenue: $19.2 million
Net income: $2.4 million
EPS: $(0.40) per diluted share
Result: reported results

Exact text from the filing

financial results for its second quarter of fiscal 2023, which ended March 31, 2023. Second Quarter Results • Net sales in the second quarter of fiscal 2023 decreased 21.7% to $19.2 million, compared with $24.6 million for the same period in fiscal 2022. • Net loss for the second quarter of fiscal 2023 was $2.4 million, or $(0.40) per diluted share, compared with

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Source: SEC EDGAR

accession 0000090168-23-000043

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