SIFCO Q3 net loss narrows to $0.6M; backlog jumps to $122.8M

SIFCO INDUSTRIES INC

Q3 net sales $21.9M (+1.9% YoY); net loss $0.6M vs $2.7M loss a year ago.
Diluted EPS -$0.11 vs -$0.46; Adjusted EBITDA $1.9M vs -$0.7M.
Backlog grew 77% to $122.8M from $69.4M YoY, reflecting market improvements and new wins.
Nine-month net sales $62.4M (-4.4% YoY); net loss $(5.6)M vs $(2.7)M loss.
CEO says company is now current with SEC filings and nearly recovered from Q1 cyber incident.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIFCO INDUSTRIES INC reported third quarter of fiscal 2023, which ended June 30, 2023 results: revenue $21.9 million, net income $(0.11) per diluted share, EPS $(0.11) per diluted share.

Period: third quarter of fiscal 2023, which ended June 30, 2023
Revenue: $21.9 million
Net income: $(0.11) per diluted share
EPS: $(0.11) per diluted share
Result: reported results

Exact text from the filing

financial results for its third quarter of fiscal 2023, which ended June 30, 2023. Third Quarter Results • Net sales in the third quarter of fiscal 2023 increased 1.9% to $21.9 million, compared with $21.4 million for the same period in fiscal 2022. • Net loss for the third quarter of fiscal 2023 was $0.6 million, or $(0.11) per diluted share, compared with net

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIFCO INDUSTRIES INC reported first nine months of fiscal 2023 results: revenue $62.4 million, net income $(5.6) million, EPS $(0.94) per diluted share.

Period: first nine months of fiscal 2023
Revenue: $62.4 million
Net income: $(5.6) million
EPS: $(0.94) per diluted share
Result: reported results

Exact text from the filing

compared with Adjusted EBITDA of $(0.7) million in the third quarter of fiscal 2022. Year to Date Results • Net sales in the first nine months of fiscal 2023 decreased 4.4% to $62.4 million, compared with $65.3 million for the same period in fiscal 2022. • Net loss for the first nine months of fiscal 2023 was $(5.6) million, or $(0.94) per diluted share, compared

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Source: SEC EDGAR

accession 0000090168-23-000060

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