Filing Flows › Sifco Industries (SIF) › Q4 FY24
Sifco Industries (SIF) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 26, 2024
Sifco Industries (SIF) reported revenue of $21.7M for the fourth quarter fiscal 2024 (Q4 FY24), +14% from a year earlier and -1% from the quarter before. Operating margin was -14.2%, net loss $443K (2.0% of revenue).
Sifco Industries, Q4 FY24: revenue $21.7M (+14% year over year), operating margin -14.2%, net loss $443K, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7M | -1% | +14% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$443K | — | — |
| Operating cash flow | $2.3M | +507% | +156% |
What changed
Revenue was $21.7M in Q4 FY24, up 14% year over year and down 1% from the previous quarter.
Gross margin was 10.7%, up 9.9 points from a year earlier. Operating costs exceeded revenue by $3.1M, an operating margin of -14.2%. Operating expenses grew 10% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $443K, after a profit of $72K the previous quarter. Non-operating items added $2.5M, -452% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.3M (up 156% year over year). Non-cash charges added back $216K of depreciation and amortization. Working capital and other items added $2.5M. Capital expenditures of −$55K left free cash flow of $2.4M.
Questions
What was Sifco Industries' revenue in the fourth quarter fiscal 2024?
Sifco Industries (SIF) reported revenue of $21.7M for the fourth quarter fiscal 2024 (Q4 FY24), +14% from a year earlier and -1% from the quarter before.
Was Sifco Industries profitable in the fourth quarter fiscal 2024?
Operating loss was $3.1M (-14.2% of revenue) and net loss $443K.
Source: Sifco Industries 10-K on SEC EDGAR.