Sifco Q4 Loss Narrows, Shares Up
Core Viewpoint - Sifco Industries Inc. reported a narrower net loss for the fourth quarter, driven by reduced losses from continuing operations and improved sales compared to the previous year [1][2]. Financial Performance - The quarterly net loss narrowed to $429K, or $0.08 per share, compared to a loss of $443K, or $0.24 per share, in the prior year [1]. - Loss from continuing operations was $491K, significantly improved from a loss of $1.407 million a year ago [1]. Sales Performance - Net sales for the fourth quarter increased by 5 percent to $22.81 million, up from $21.67 million a year ago [2]. - Current share price is $6.78, reflecting an increase of 0.13 points or 1.96 percent from the previous close of $6.64 [2].