SIFCO Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 04:57 pm EDT
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SIFCO Industries, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 26.54 million compared to USD 19.24 million a year ago. Net loss was USD 1.59 million compared to USD 2.37 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.4 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to USD 0.4 a year ago.
For the six months, sales was USD 47.6 million compared to USD 40.54 million a year ago. Net loss was USD 5.01 million compared to USD 4.96 million a year ago. Basic loss per share from continuing operations was USD 0.84 compared to USD 0.84 a year ago. Diluted loss per share from continuing operations was USD 0.84 compared to USD 0.84 a year ago.
SIFCO Industries, Inc. is engaged in the production of forgings and machined components primarily for the aerospace and energy markets. The Company's processes and services include forging, heat-treating, coating and machining. It is a manufacturer of forgings and machined components for the aerospace and defense, energy and commercial space markets. The Company provides its customers with envelope and precision forgings, rough and finished machined components, as well as sub-assemblies. It services both original equipment manufacturers (OEM), Tier 1 and Tier 2 suppliers, and aftermarket service providers with products that range in size from approximately 2 to 1,200 pounds. Its product offerings include OEM and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; critical rotating components for helicopters, and commercial/industrial products.
SIFCO INDUSTRIES, INC. 
