Quarterly ResultMay 8, 2026, 08:12 AM
SIFCO Q2 Net Income $2.65M; Sales $26.44M; Debt Halved
AI Summary
SIFCO Industries reported a significant turnaround in its second fiscal quarter of 2026, achieving net income of $2.65 million, or $0.44 per share, compared to a net loss in the prior year. Net sales for the quarter increased to $26.44 million. For the six months ended March 31, 2026, the company posted net income of $4.44 million on sales of $50.42 million, a substantial improvement from a net loss in the same period last year. The company also significantly reduced its total debt by more than half.
Key Highlights
- Net income for Q2 2026 was $2.65 million, a turnaround from a $1.39 million net loss in Q2 2025.
- Net sales for Q2 2026 increased to $26.44 million from $19.03 million in Q2 2025, a 39% rise.
- Basic EPS for Q2 2026 was $0.44, up from $(0.23) in Q2 2025.
- Gross profit for Q2 2026 surged to $5.66 million from $1.57 million in Q2 2025.
- Operating profit for Q2 2026 was $2.66 million, reversing a $(0.78) million operating loss in Q2 2025.
- Total debt decreased to $5.11 million as of March 31, 2026, from $10.61 million at September 30, 2025.
- Net cash provided by operating activities for the six months was $5.18 million, compared to $(0.97) million used in 2025.
- Rotorcraft revenue for the six months ended March 31, 2026, increased to $16.50 million from $6.32 million YoY.