Welcome to our dedicated page for SIFCO INDS news (Ticker: SIF), a resource for investors and traders seeking the latest updates and insights on SIFCO INDS stock.
SIFCO Industries, Inc. (NYSE American: SIF) is a manufacturer of forgings and machined components primarily for the aerospace and energy markets, and its news flow reflects this focus. Company press releases furnished on Form 8‑K regularly cover quarterly and annual financial results, including net sales, income or loss from continuing and discontinued operations, and non‑GAAP metrics such as EBITDA and Adjusted EBITDA.
Investors following SIFCO news can expect detailed updates on demand trends in military and commercial space and aircraft markets, as well as in commercial aerospace and energy‑related turbine and oil production applications. Management commentary in these releases often discusses customer backlog, margin initiatives, cost reduction efforts, and production throughput at the company’s plants.
SIFCO’s news stream also includes corporate governance and leadership updates, such as the appointment of a new chief executive officer and chief financial officer, and changes to the board of directors. These announcements provide context on the company’s leadership and strategic direction within the aerospace, defense, and energy component supply chain.
In addition, SIFCO discloses operational developments through Form 8‑K filings, including the ratification of a collective bargaining agreement at its Cleveland, Ohio location. Together, these financial, operational, and governance updates offer a view into how the company manages its forging and machining business across the aerospace and energy markets. Readers interested in SIF stock can use this news page to review historical earnings releases, backlog commentary, and key corporate announcements over time.
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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SIFCO Industries, Inc. (AMEX: SIF) received a notice from NYSE American on February 22, 2023, for noncompliance due to a delay in filing its Quarterly Report on Form 10-Q for the period ending December 31, 2022. This delay is attributed to challenges faced in compiling required financial information following a cyber incident on December 30, 2022. As a result, SIFCO's stock will be listed with an '.LF' indicator until compliance is regained. The company has six months to address this issue and will be monitored for compliance. SIFCO aims to file the necessary documents within the stipulated timeframe to avoid delisting.
SIFCO Industries, Inc. (NYSE American: SIF) reported a net sales decline of 23.4% in Q4 2022, totaling $18.6 million. The company's net loss for the quarter widened to $6.9 million or $(1.18) per diluted share, compared to a loss of $2.5 million in Q4 2021. For fiscal 2022, net sales fell 15.8% to $83.9 million, with a total net loss of $9.6 million. EBITDA was $(2.7 million) for the year. CEO Peter W. Knapper noted challenges in military and commercial aerospace due to macro supply chain issues, while activity increased in space and semiconductor sectors.
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