9-Month Revenue of $62.4 Million
SIFCO INDUSTRIES INC [SIF], a leading manufacturing company, has reported a net loss of $5.6 million for the 9 months ended June 30, 2023. The company's revenue for the period amounted to $62.4 million.
Financial Performance
Despite the net loss, SIFCO Industries managed to achieve a gross profit of $6.5 million, marking a significant improvement compared to the previous year. The company's operating income for the period was -$4.2 million. The loss before income tax benefit stood at -$5.5 million.
Revenue Growth
Financial Stability
SIFCO Industries maintained a stable financial position during the 9-month period. The company's total assets remained consistent at $97.6 million, while total liabilities stood at $38.8 million. Shareholders' equity decreased to $36.1 million.
Earnings Per Share
SIFCO Industries reported a basic and diluted loss per share of -$0.94 for the 9 months ended June 30, 2023. The weighted-average number of common shares increased slightly to 5,925 shares compared to the previous year.
Outlook
