SIFCO Q2 revenue up 38% to $26.5M; net loss narrows to $1.6M, EBITDA positive $0.9M

SIFCO INDUSTRIES INC

2024-Q2 EPS reported -$0.84 revenue$47,595,000

Net sales $26.5M (+37.9% YoY); net loss $(1.6)M vs $(2.4)M; EPS $(0.26) vs $(0.40).
EBITDA $0.9M (from -$0.4M); Adj EBITDA $1.3M (from $0.0M). Backlog $137.8M.
H1 FY2024 net sales $47.6M (+17.4%); net loss $(5.0)M unchanged; Adj EBITDA $0.5M.
CEO notes positive EBITDA, growing backlog, and focus on customer satisfaction.

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 0.95

SIFCO INDUSTRIES INC reported second quarter of fiscal 2024, which ended March 31, 2024 results: revenue $26.5 million, net income $(1.6) million, EPS $(0.26) per diluted share.

Period: second quarter of fiscal 2024, which ended March 31, 2024
Revenue: $26.5 million
Net income: $(1.6) million
EPS: $(0.26) per diluted share
Result: reported results

Exact text from the filing

SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its second quarter of fiscal 2024, which ended March 31, 2024. Second Quarter Results • Net sales in the second quarter of fiscal 2024 increased 37.9% to $26.5 million, compared with $19.2 million for the same period in fiscal 2023. • Net loss for the second quarter of fiscal 2024 was $(1.6) million, or $(0.26) per diluted share, compared with net loss of $(2.4) million, or $(0.40) per diluted share, in the second quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0000090168-24-000015

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