SIFCO Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
September 28, 2023 at 05:46 pm IST
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SIFCO Industries, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 21.85 million compared to USD 21.45 million a year ago. Net loss was USD 0.634 million compared to USD 2.67 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.46 a year ago.
For the nine months, sales was USD 62.39 million compared to USD 65.27 million a year ago. Net loss was USD 5.59 million compared to USD 2.72 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 0.47 a year ago. Diluted loss per share from continuing operations was USD 0.94 compared to USD 0.47 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. 
