SIFCO Industries, Inc. has announced its financial results for the second quarter and first half of fiscal 2025, ending March 31, 2025. The company's net sales for the second quarter decreased by 7.3% to $19.0 million, compared to $20.5 million in the same period of fiscal 2024. SIFCO reported a net loss from continuing operations of $1.3 million for the second quarter of fiscal 2025, an improvement from the net loss of $2.2 million in the second quarter of fiscal 2024. For the first six months of fiscal 2025, SIFCO's net loss was $3.7 million, compared with a net loss of $6.3 million in the first six months of fiscal 2024. EBITDA for the first six months of fiscal 2025 was $(0.4) million, showing improvement from $(2.7) million in the same period of fiscal 2024. Adjusted EBITDA also improved, standing at $(0.4) million for the first half of fiscal 2025, compared to $(1.7) million in the first half of the prior year. SIFCO's backlog has grown to $129.2 million, indicating strong ongoing demand for the company's products. The company continues to focus on identifying opportunities for margin improvement and increasing throughput at its plants, despite challenges in raw material sourcing impacting second-quarter sales.
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