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. (AMEX: SIF) has announced the appointment of Robert 'Bob' Johnson as an advisor to the CEO and Board of Directors, effective November 16, 2022. Johnson, a former CEO of Honeywell Aerospace, brings extensive experience in the aerospace sector. His advisory role will focus on market direction, strategy, and operational excellence. The press release also includes forward-looking statements that highlight potential risks affecting future business, including economic conditions and pandemic implications.
SIFCO Industries, Inc. (SIF) reported a challenging third quarter for fiscal 2022, ending June 30, with net sales declining by 15.3% to $21.4 million. The company experienced a net loss of $2.7 million or $(0.46) per diluted share, compared to net income of $0.3 million in Q3 2021. EBITDA turned negative at $(0.9 million, down from $2.3 million in the same quarter last year. Year-to-date results mirrored these trends, with a 13.3% decrease in sales to $65.3 million and a net loss of $(2.7 million).
SIFCO Industries, Inc. (NYSE American: SIF) reported its financial results for Q2 of fiscal 2022, ending March 31, 2022. Net sales decreased 1.2% to $24.6 million compared to $24.9 million in Q2 2021. However, the company achieved a net income of $3.6 million, or $0.61 per diluted share, reversing a net loss of $1.5 million in the same quarter last year. EBITDA surged to $5.5 million from $0.7 million in Q2 2021, but adjusted EBITDA fell to $0.7 million from $1.2 million. Year-to-date, sales dropped 12.3% to $43.8 million, with a net loss of $0.05 million for the first half of the year.
SIFCO Industries, Inc. (NYSE American: SIF) reported a 23.3% decrease in net sales for Q1 fiscal 2022, totaling $19.2 million, down from $25.1 million in Q1 fiscal 2021. The company incurred a net loss of $3.7 million, or $(0.64) per diluted share, compared to a net income of $3.0 million, or $0.51 per diluted share, in the previous year. EBITDA also declined to $(2.0) million from $4.1 million in Q1 fiscal 2021, while Adjusted EBITDA fell to $(1.7) million from $1.9 million. CEO Peter W. Knapper noted ongoing challenges due to the pandemic but remains optimistic about future recovery.
SIFCO Industries, Inc. (NYSE American: SIF) reported a 16.3% decline in fourth quarter net sales, totaling $24.3 million compared to $29.1 million the previous year. The company experienced a net loss of $2.5 million or $(0.43) per diluted share, a stark contrast to a net income of $5.0 million or $0.86 per share in Q4 2020. For fiscal 2021, net sales fell 12.3% to $99.6 million, and net loss was $(0.7 million). EBITDA also decreased from $17.2 million in 2020 to $6.3 million.
SIFCO Industries, Inc. (SIF) reported a decline in financial performance for Q3 of fiscal 2021, ending June 30. Net sales were $25.3 million, down 8.8% from $27.8 million in Q3 2020. Net income fell to $0.3 million ($0.04 per diluted share) from $2.3 million ($0.39 per diluted share) a year earlier. EBITDA decreased to $2.3 million from $4.3 million, while Adjusted EBITDA dropped to $2.4 million from $2.8 million. Year-to-date results showed a 10.9% sales decline to $75.3 million, with net income down to $1.8 million ($0.29 per diluted share) from $4.2 million ($0.72).
SIFCO Industries, Inc. (SIF) reported a 18.6% decline in net sales for Q2 fiscal 2021, totaling $24.9 million, down from $30.5 million in Q2 fiscal 2020. The net loss was $1.5 million or ($0.26) per diluted share, contrasting with a net income of $3.3 million or $0.57 per diluted share last year. Year-to-date sales also decreased 12.0% to $49.9 million. Despite challenges posed by the COVID-19 pandemic, the company achieved a $4.6 million reduction in debt. CEO Peter W. Knapper expressed optimism about the recovery of commercial air travel.
SIFCO Industries, Inc. (SIF) reported its financial results for Q1 2021, revealing a 4.3% decline in net sales to $25.1 million, down from $26.2 million in Q1 2020. However, the company achieved a net income of $3.0 million, or $0.51 per diluted share, a significant turnaround from a net loss of $1.3 million in the prior year. EBITDA rose to $4.1 million from $0.7 million, while Adjusted EBITDA increased to $1.9 million from $0.7 million. CEO Peter W. Knapper emphasized cost management amid the ongoing COVID-19 challenges.
SIFCO Industries, Inc. (SIF) reported its fourth quarter and fiscal 2020 results, showcasing a net sales decline of 6.7% to $29.1 million from $31.1 million year-over-year. However, net income improved significantly to $5.0 million ($0.86 per diluted share) from $2.4 million in the prior year. Fiscal 2020 net sales rose 1.0% to $113.6 million, driven by a recovery from previous losses, with net income soaring to $9.2 million compared to a net loss in fiscal 2019. Despite challenges from COVID-19, particularly in commercial aerospace, revenue from military aerospace supported growth.