Overview
Aerospace and energy component maker's Q4 net sales rose 5% yr/yr
Q4 net loss from continuing operations narrowed compared to last year
Adjusted EBITDA for Q4 rose to $1.8 mln from $0.8 mln last year
Outlook
Company sees strong demand in military and commercial aerospace markets
SIFCO Industries reports customer backlog of $119.2 mln
Company plans increased production to support customer needs
Result Drivers
MILITARY AND COMMERCIAL DEMAND - Strong demand in military and commercial aerospace markets contributed to sales growth, per CEO George Scherff
COST REDUCTION AND PRICE INCREASES - Co improved margins through cost reduction and selective price increases
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | $22.81 mln | ||
Q4 Net Income | -$429,000 | ||
Q4 Adjusted EBITDA | $1.80 mln | ||
Q4 EBITDA | $1.10 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)