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SIFCO INDS INC (SIF) delivers precision-forged components for aerospace, defense, and energy sectors through advanced manufacturing processes. This news hub provides investors and industry professionals with verified updates on corporate developments directly impacting these mission-critical markets.
Access real-time announcements including quarterly earnings disclosures, strategic partnership agreements, operational expansions, and leadership updates. Our curated collection ensures you stay informed about material developments affecting SIF's position in aircraft component manufacturing and industrial turbine markets.
All content undergoes strict verification to align with financial reporting standards and industry regulations. Bookmark this page for immediate access to SIF's latest press releases, regulatory filings, and market-moving announcements - essential resources for monitoring this established manufacturer's performance in global defense and aerospace supply chains.
SIFCO Industries (NYSE American: SIF) reported its Q1 fiscal 2025 financial results, showing a 35% increase in net sales to $20.9 million compared to $15.5 million in Q1 fiscal 2024. Despite the sales growth, the company posted a net loss from continuing operations of $2.4 million ($(0.40) per share), an improvement from the $4.1 million loss ($(0.67) per share) in the same period last year.
The company's EBITDA improved to $(0.8) million from $(2.5) million, while Adjusted EBITDA was $(0.2) million compared to $(1.9) million in Q1 fiscal 2024. Notably, the company's backlog increased to $121.9 million, indicating strong product demand. The quarter focused on margin improvement and increasing throughput at both plants.
SIFCO Industries (SIF) reported its Q4 and fiscal 2024 results, showing improved performance despite continued losses. Q4 net sales increased 14% to $21.7 million, with a reduced net loss from continuing operations of $1.9 million ($(0.33) per share). For fiscal 2024, net sales grew 20% to $79.6 million, while net loss from continuing operations improved to $8.6 million ($(1.44) per share).
The company reported positive momentum in commercial space and aerospace markets, with customer backlog reaching $114.4 million at fiscal year-end. EBITDA improved to $0.8 million in Q4 2024 (vs. $(1.5) million in Q4 2023) and $(0.7) million for fiscal 2024 (vs. $(4.4) million in 2023).
SIFCO Industries (NYSE American: SIF) has appointed Jennifer Wilson Skuhrovec as Chief Financial Officer, effective November 13, 2024. Wilson, who joined SIFCO in 2019, replaces Thomas Kubera, who served as CFO since 2018. Wilson previously served as Director of Financial Planning and Analysis, Controller of the Orange, CA facility, and Director of External Reporting at SIFCO. She is a certified public accountant with an MBA and will oversee the company's financial strategies, including planning, treasury, reporting, audit, tax, and risk management.
SIFCO Industries, Inc. (NYSE American: SIF) has announced the appointment of Robert 'Bob' Johnson to its Board of Directors, effective September 26, 2024. Mr. Johnson brings extensive domestic and international executive experience in the aerospace industry, including expertise in risk management, financial oversight, operations, and strategy. He has been serving as an advisor to SIFCO's Board and CEO since November 2022.
Mr. Johnson's impressive career includes current roles as chairman of the board at Spirit Aerosystems and board member for Spirit Airlines, Roper Industries, Inc., and Elbit Systems of America, His past experience includes serving as CEO of Dubai Aerospace Enterprise and chairman of Honeywell Aerospace. This appointment is expected to bring valuable insights and leadership to SIFCO Industries, Inc.
SIFCO Industries, Inc. (NYSE American: SIF) reported strong financial results for its third quarter of fiscal 2024, ending June 30, 2024. Net sales increased 33.9% to $29.3 million, compared to $21.9 million in the same period last year. The company achieved a net income of $0.1 million, or $0.01 per diluted share, a significant improvement from the net loss of $(0.6) million in Q3 2023. EBITDA more than doubled to $2.7 million, while Adjusted EBITDA reached $3.4 million.
Year-to-date results also showed improvement, with net sales up 23.2% to $76.9 million for the first nine months of fiscal 2024. Despite a net loss of $(4.9) million, this represents an improvement from the $(5.6) million loss in the same period last year. The company's backlog grew to $139.2 million, indicating strong future demand.
SIFCO Industries (NYSE American: SIF), a key supplier of forged products to the aerospace, energy, and defense markets, has appointed George Scherff as its new CEO, effective July 8, 2024. Scherff replaces Peter Knapper, who has served as President and CEO since 2016 and is retiring. Alayne Reitman, Chair of SIFCO’s Board, praised Knapper’s leadership during challenging times, including the global pandemic and supply chain issues. Scherff brings extensive experience from leadership roles in Thermal Systems Manufacturing, Paradigm Packaging, and others. He holds degrees from The Ohio State University and the University of Toledo.
Scherff expressed excitement about guiding SIFCO through new growth opportunities in its industries. SIFCO supplies critical components for commercial and military aircraft, turbines, and oil production equipment.
SIFCO Industries, Inc. announced its financial results for the second quarter of fiscal 2024, showing a 37.9% increase in net sales to $26.5 million. The net loss was $(1.6) million, with EBITDA at $0.9 million. Year to date, net sales increased by 17.4% to $47.6 million, with a net loss of $(5.0) million. CEO Peter W. Knapper highlighted positive EBITDA and a growing backlog at $137.8 million.
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