This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SIFCO Industries, Inc. Announces First Quarter Fiscal 2013 Financial Results

SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its first quarter fiscal 2013, which ended December 31, 2012.
  • Net sales from continuing operations increased 16.1% in the first quarter of fiscal 2013 to $28.7 million, compared with $24.7 million in the comparable period in fiscal 2012.
  • Income from continuing operations in the first quarter of fiscal 2013 was $0.9 million, or $0.17 per diluted share, compared with $0.8 million, or $0.16 per diluted share in the comparable fiscal 2012 period.
  • Income from discontinued operations, net of tax, which consists of the Company’s former Applied Surface Concepts segment, was $2.5 million in the first quarter of fiscal 2013, compared with $0.4 million in the comparable period of fiscal 2012.
  • Net income in the first quarter of fiscal 2013 was $3.4 million, compared with $1.2 million in the comparable period in fiscal 2012.
  • EBITDA in the first quarter of fiscal 2013 was $3.0 million, or 10.6% of net sales, compared with $2.9 million, or 11.7% of net sales, in the comparable fiscal 2012 period.
  • Adjusted EBITDA in the first quarter of fiscal 2013 was $3.7 million, or 12.9% of net sales, compared with $3.6 million, or 14.7% of net sales, in the comparable fiscal 2012 period.

In December 2012, the Company completed the sale of its Applied Surface Concepts business segment. CEO Michael S. Lipscomb stated, “I am pleased with the performance of our Forged Components Group. Our recent divestiture of the Applied Surface Concepts business segment was done after careful consideration of our core strengths. We will continue to seek organic growth and acquisition opportunities that add to our customer offerings and maintain our aerospace and energy focus.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,191.14 +132.79 0.83%
S&P 500 1,920.84 +6.99 0.37%
NASDAQ 4,662.4790 +26.3740 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs