SIFCO Q1 net loss widens to $3.4M; sales slip 1.2% to $21.1M

SIFCO INDUSTRIES INC

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

Net loss of $3.4M ($0.57/diluted share) vs $2.6M ($0.44) in Q1 last year.
Net sales down 1.2% to $21.1M from $21.3M.
EBITDA negative at ($1.4M) vs ($0.7M); Adjusted EBITDA ($0.8M) vs ($0.1M).
Backlog rose to $130.1M; inventory up $3.6M YoY as production ramps.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SIFCO INDUSTRIES INC reported its first quarter ended December 31, 2023 results: revenue $21.1 million, net income Net loss of $3.4 million, or $(0.57) per diluted share, EPS $(0.57) per diluted share.

Period: its first quarter ended December 31, 2023
Revenue: $21.1 million
Net income: Net loss of $3.4 million, or $(0.57) per diluted share
EPS: $(0.57) per diluted share
Result: reported results

Exact text from the filing

financial results for its first quarter of fiscal 2024, which ended December 31, 2023. First Quarter Results • Net sales in the first quarter of fiscal 2024 decreased 1.2% to $21.1 million, compared with $21.3 million for the same period in fiscal 2023. • Net loss for the first quarter of fiscal 2024 was $3.4 million, or $(0.57) per diluted share, compared with net

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Source: SEC EDGAR

accession 0000090168-24-000008

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