Sifco Industries reports Q4 loss of $443,000, revenue of $21.7 million.

Sifco Industries reported a $443,000 loss in Q4, with a loss of 8 cents per share. Adjusted losses were 33 cents per share, and revenue was $21.7 million. For the year, the company reported a $5.4 million loss, or 90 cents per share, with revenue of $79.6 million.

SIFCO Industries, Inc. (SIFCO) recently reported its financial results for the fourth quarter and the full year ended September 30, 2024. The company posted a loss of $443,000 for the quarter, representing an 8 cents per share loss. Adjusted losses were 33 cents per share, and revenue for the quarter amounted to $21.7 million [1].

For the full year, SIFCO reported a loss of $5.4 million, or 90 cents per share, with revenue totaling $79.6 million. The company's net sales decreased by 12.1% year-over-year, while net income declined by 13.59% compared to the same period last year [1].

SIFCO's net debt stood at $3.17 billion as of the end of the quarter, up from $3.17 billion at the end of the previous quarter. The company's enterprise value (EV) to sales ratio for 2024 was 0.82x, indicating a relatively high valuation compared to the previous year's 0.68x ratio [1].

The company also reported significant changes in its executive leadership. SIFCO appointed Jennifer Wilson as its new Chief Financial Officer (CFO), effective November 13, 2024, replacing Thomas R. Kubera, who retired on the same date [1].

SIFCO Industries operates in the iron and steel sector, producing forgings and machined components primarily for the aerospace and energy markets. The company's product offerings include OEM and aftermarket components for aircraft and industrial gas turbine engines, as well as structural airframe components and critical rotating components for helicopters [2].

References:
[1] SIFCO Industries, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2024. [https://www.marketscreener.com/quote/stock/SIFCO-INDUSTRIES-INC-15952/](https://www.marketscreener.com/quote/stock/SIFCO-INDUSTRIES-INC-15952/)
[2] SIFCO Industries, Inc. Company Profile. [https://www.marketscreener.com/quote/stock/SIFCO-INDUSTRIES-INC-15952/](https://www.marketscreener.com/quote/stock/SIFCO-INDUSTRIES-INC-15952/)