SIFCO reports Q4 net sales up 32% to $24.6M; net loss narrows to $3.1M

SIFCO INDUSTRIES INC

2024-Q1 EPS reported -$0.57 revenue$21,052,000

Q4 net sales $24.6M (+32.2% YoY); net loss $3.1M ($0.53/sh) vs loss $6.9M ($1.18/sh) prior year.
Full year net sales $87.0M (+3.7% YoY); net loss $8.7M ($1.47/sh) vs loss $9.6M ($1.65/sh) prior year.
Q4 Adj. EBITDA loss $(0.8M) vs $(4.8M); FY Adj. EBITDA positive $1.0M vs negative $6.6M.
CEO Peter W. Knapper cited 86 new product wins in FY 2023; commercial aerospace returning to growth.

item 2.02 item 9.01

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 fourth quarter and full year ended September 30, 2023 results: revenue $24.6 million, net income Net loss for the fourth quarter of fiscal 2023 was $3.1 million, or $(0.53) per diluted share, EPS $(0.53) per diluted share.

Period: fourth quarter and full year ended September 30, 2023
Revenue: $24.6 million
Net income: Net loss for the fourth quarter of fiscal 2023 was $3.1 million, or $(0.53) per diluted share
EPS: $(0.53) per diluted share
Result: reported results

Exact text from the filing

which ended September 30, 2023. Fourth Quarter and Fiscal 2023 Highlights Results for the Fourth Quarter • Net sales in the fourth quarter of fiscal 2023 increased 32.2% to $24.6 million, compared with $18.6 million for the same period in fiscal 2022. • Net loss for the fourth quarter of fiscal 2023 was $3.1 million, or $(0.53) per diluted share, compared with

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIFCO INDUSTRIES INC reported fiscal year ended September 30, 2023 results: revenue $87.0 million, net income Net loss in fiscal 2023 was $8.7 million, or $(1.47) per diluted share, EPS $(1.47) per diluted share.

Period: fiscal year ended September 30, 2023
Revenue: $87.0 million
Net income: Net loss in fiscal 2023 was $8.7 million, or $(1.47) per diluted share
EPS: $(1.47) per diluted share
Result: reported results

Exact text from the filing

million, compared with Adjusted EBITDA of $(4.8) million in the fourth quarter of fiscal 2022. Results for the Fiscal Year 2023 • Net sales in fiscal 2023 increased 3.7% to $87.0 million, compared with $83.9 million for the same period in fiscal 2022. • Net loss in fiscal 2023 was $8.7 million, or $(1.47) per diluted share, compared with a net loss of $9.6

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Source: SEC EDGAR

accession 0000090168-23-000081

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