SIFCO Industries Q1 net sales rise on strong commercial demand

Reuters
Feb 11
SIFCO Industries Q1 net sales rise on strong commercial demand 

Overview

  • Aerospace forgings maker's fiscal Q1 net sales rose 14.8% yr/yr to $24 mln

  • Net income from continuing operations was $1.8 mln, reversing a loss last year

  • EBITDA improved to $3.6 mln from a loss last year

Outlook

  • Company reports strong demand and stable order backlog in commercial and defense markets

Result Drivers

  • PRODUCTION THROUGHPUT - Increased production throughput was a key driver of improved financial performance, according to management

  • LOWER FIXED COSTS - Reduction in fixed costs contributed to the company's improved financial results

  • STRONG DEMAND - Continued strong demand in commercial and defense markets supported stable order backlogs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$24 mln

Q1 Net Income

$1.79 mln

Q1 Adjusted EBITDA

$3.90 mln

Q1 EBITDA

$3.60 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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