SIFCO reports Q2 results
- BySeeking Alpha-
SIFCO (NYSE:SIF): Q2 GAAP EPS of -$0.26.Revenue of $24.87M (-18.6% Y/Y)Press Release
SIFCO Industries, Inc. is engaged in the production of forgings and machined components for the aerospace and energy markets. The Company's processes and services include forging, heat-treating and machining. The Company services both original equipment manufacturers (OEM) and aftermarket customers with products that range in size from approximately 2 to 1,200 pounds. Its products are made primarily of steel, stainless steel, nickel alloy, titanium and aluminum, and include OEM and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; critical rotating components for helicopters, and commercial/industrial products. It also provides heat-treatment, surface-treatment, non-destructive testing and select machining of forged components. It supplies new and spare components for commercial aircraft, principally for large aircraft produced by Boeing and Airbus.