SIFCO Industries Q4 net sales rise 5%, loss narrows
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SIFCO Industries reported a 5% year-over-year increase in Q4 net sales, with a narrowed net loss from continuing operations. Adjusted EBITDA rose to $1.8 million from $0.8 million last year. The company anticipates strong demand in military and commercial aerospace markets, with a customer backlog of $119.2 million. SIFCO plans to increase production to meet customer needs, driven by military and commercial demand, cost reduction, and selective price increases.
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