SIFCO Industries, Inc. reported its financial results for the first quarter of fiscal 2025, which ended December 31, 2024. Net sales for the quarter increased to $20.883 million, up from $15.474 million in the prior-year period, marking a 35% increase.
The company reported a net loss of $2.316 million, or $(0.38) per diluted share, for the first quarter of fiscal 2025, compared to a net loss of $3.422 million, or $(0.57) per diluted share, in the same period last year. Loss from continuing operations narrowed to $2.422 million from $4.069 million.
Gross profit for the quarter was $0.928 million, a significant improvement from a gross loss of $0.545 million in the prior-year quarter. SIFCO's backlog continued to increase, reaching $121.9 million, reflecting strong demand for its products.
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