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SIFCO Industries, Inc. - $SIF STOCK NEWS

Welcome to our dedicated page for SIFCO Industries news (Ticker: $SIF), a resource for investors and traders seeking the latest updates and insights on SIFCO Industries stock.

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Rhea-AI Summary
SIFCO Industries, Inc. (SIF) announced financial results for Q1 of fiscal 2024, with a 1.2% decrease in net sales to $21.1 million. The net loss was $3.4 million, EBITDA was $(1.4) million, and Adjusted EBITDA was $(0.8) million. CEO highlighted new product development and a backlog of $130.1 million.
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SIFCO Industries, Inc. (NYSE American: SIF) announced financial results for Q4 and fiscal 2023, with net sales increasing 32.2% to $24.6 million and a net loss of $3.1 million. For the fiscal year, net sales increased 3.7% to $87.0 million, with a net loss of $8.7 million. The company focused on market penetration and diversification while maintaining a conservative financial approach.
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SIFCO Industries regains compliance with NYSE American filing requirements.
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Rhea-AI Summary
SIFCO Industries, Inc. announces Q3 2023 financial results with net sales increasing 1.9% to $21.9 million compared to the same period last year. Net loss for Q3 2023 was $0.6 million, an improvement from $2.7 million in Q3 2022. EBITDA was $1.3 million in Q3 2023 compared to a loss of $(0.9) million in Q3 2022. Year to date, net sales decreased 4.4% to $62.4 million. Adjusted EBITDA for the first nine months of fiscal 2023 was $1.8 million compared to a loss of $(1.8) million in the same period last year. Backlog increased year over year to $122.8 million. CEO Peter W. Knapper expresses optimism for the company's recovery and growth.
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11.88%
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SIFCO Industries received a notice from NYSE American indicating non-compliance with listing standards due to delay in filing its Quarterly Report on Form 10-Q. The company's stock will remain listed but will be assigned a late filing indicator. SIFCO has experienced delays in obtaining information due to a cyber incident. The company has a six-month period to regain compliance.
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SIFCO Industries, Inc.

NYSE:SIF

SIF Rankings

SIF Stock Data

19.11M
2.11M
35.8%
16.72%
0.01%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States of America
CLEVELAND

About SIF

headquartered in cleveland, ohio, sifco is a leading aerospace and energy forged & machined part solutions provider for airframe, landing gear and engine components. sifco’s global foot print includes components on most major military and commercial programs. the materials forged include: nickel, super alloys, titanium, aluminum, alloy and stainless steels. die forgings produced range from 1lb to 1,200lbs. as well as nadcap, the company is as9100, iso9001 approved and is certified by most major aerospace manufacturers. our vision: sifco performs …. customers succeed …. together we grow! our mission is to be the preferred global solutions provider to the aerospace, energy and defense markets. we work to exceed our customers’ expectations by leveraging more than a century of experience and a relentless focus on continuous improvement. our core values of respect, responsiveness, integrity and passion describe how we work together to accomplish our mission. integrity: we do the right thing