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SIFCO earns NADCAP Metallic Materials Manufacturing Accreditation
Cleveland, Ohio – SIFCO Industries, Inc. (NYSE-American: SIF), February 2, 2018 On December 27, 2017 SIFCO’s Cleveland location became the first United States forging manufacturer to obtain NADCAP Metallic Materials Manufacturing certification (“MMM”). The scope of the audit undertaken to obtain this certification included forging equipment and processes to ensure consistency of manufacture. Other processes audited covered billet cutting, preparation, and heating, as well as post-forging operations. With mandates on the horizon from aerospace industry leaders, SIFCO proactively obtained the [...]
SIFCO Industries, Inc. (“SIFCO”) Announces Third Quarter Fiscal 2017 Financial Results
Cleveland - SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its third quarter of fiscal 2017, which ended June 30, 2017. Third Quarter • Net sales from operations in the third quarter of fiscal 2017 decreased 2.7% to $30.2 million, compared with $31.0 million in the third quarter of fiscal 2016. • Net loss for the third quarter of fiscal 2017 was $6.2 million, or ($1.13) per diluted share, compared with a loss of $1.0 million or [...]
SIFCO Industries decides to close plant in Alliance (OH)
On May 31, 2017, the Board of Directors of SIFCO Industries, Inc. (“SIFCO” or “the Company”) approved the decision of management to close one of its manufacturing plants located in Alliance, Ohio ("Alliance"). There are approximately 38 employees affected by the decision. Management communicated the decision to the affected employees on June 1, 2017. The decision to close Alliance was made primarily due to the loss of a key customer in fiscal year 2015, which resulted in the erosion of [...]
SIFCO Industries names John Glover to head new corporate sales organization
CLEVELAND – November 30, 2016 – SIFCO Industries, Inc. (NYSE MKT: SIF) announced today the creation of a Corporate Sales organization aimed at enhancing the Company’s ability to serve world-class customers in the aerospace and energy markets. The new organization will be led by John Glover, who becomes corporate vice president of sales and will report to CEO Pete Knapper. Mr. Glover is currently general manager of SIFCO’s aluminum forging division in Orange, Calif. “I am extremely confident in John’s [...]
SIFCO Industries Inc. (“SIFCO”) Announces First Quarter Fiscal 2017 Financial Results
Cleveland - SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its first quarter of fiscal 2017, which ended December 31, 2016. First Quarter Net sales from operations in the first quarter of fiscal 2017 increased 15.9% to $31.5 million, compared with $27.2 million in the first quarter of fiscal 2016. Loss from operations before income tax expense in the first quarter of fiscal 2017 was $2.3 million compared with a loss from operations before income tax benefit [...]
PRESS RELEASE RE CEO, PETE KNAPPER
SIFCO Industries, Inc. Names Peter W. Knapper President and Chief Executive Officer; Announces Board Changes June 17, 2016 – Cleveland, Ohio – The board of directors of SIFCO Industries, Inc. (NYSE MKT: SIF) (the “Company”) today announced that it has named Peter W. Knapper as its President and Chief Executive Officer, effective June 29, 2016. Knapper, 55, will succeed Michael S. Lipscomb, who has served as the company’s President and CEO since 2009 and as Chairman, President and CEO since [...]
