SIFCO Industries net sales down 7.4% YoY

SIFCO Industries, Inc. (NYSE MKT: SIF) said net sales from continuing operations in third quarter fiscal 2015 decreased 7.4 percent to USD28.7 million, compared to USD31.0 million in third quarter fiscal 2014.

Loss from continuing operations before income tax provision in third quarter fiscal 2015 was USD1.5 million compared with income of USD2.6 million in third quarter fiscal 2014.

Loss from continuing operations for third quarter fiscal 2015 was USD1.0 million, or USD0.19 per diluted share, compared with income of USD2.0 million, or USD0.37 per diluted share, in third quarter fiscal 2014.

The company is engaged in the production of forgings and machined components primarily in the Aerospace and Energy markets. The processes and services and services include heat-treating and machining. The company operates under one segment.