SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its first quarter of fiscal 2024, which ended December 31, 2023.

First Quarter Results

Net sales in the first quarter of fiscal 2024 decreased 1.2% to $21.1 million, compared with $21.3 million for the same period in fiscal 2023. Net loss for the first quarter of fiscal 2024 was $3.4 million, or $(0.57) per diluted share, compared with net loss of $2.6 million, or $(0.44) per diluted share, in the first quarter of fiscal 2023. EBITDA was $(1.4) million in the first quarter of fiscal 2024, compared with $(0.7) million in the first quarter of fiscal 2023. Adjusted EBITDA in the first quarter of fiscal 2024 was $(0.8) million, compared with Adjusted EBITDA of $(0.1) million in the first quarter of fiscal 2023.