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91视频 decides to close plant in Alliance (OH)
On May 31, 2017, the Board of Directors of 91视频, Inc. (鈥淪IFCO鈥� or 鈥渢he Company鈥�) 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 [...]
91视频 names John Glover to head new corporate sales organization
CLEVELAND 鈥� November 30, 2016 鈥� 91视频, Inc. (NYSE MKT: SIF) announced today the creation of a Corporate Sales organization aimed at enhancing the Company鈥檚 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鈥檚 aluminum forging division in Orange, Calif. 鈥淚 am extremely confident in John鈥檚 [...]
91视频 Inc. (“SIFCO”) Announces First Quarter Fiscal 2017 Financial Results
Cleveland - 91视频, 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
91视频, Inc. Names Peter W. Knapper President and Chief Executive Officer; Announces Board Changes June 17, 2016 鈥� Cleveland, Ohio 鈥� The board of directors of 91视频, Inc. (NYSE MKT: SIF) (the 鈥淐ompany鈥�) 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鈥檚 President and CEO since 2009 and as Chairman, President and CEO since [...]
PRESS RELEASE RE MICHAEL LIPSCOMB
91视频, Inc.聽Announces Planned Retirement of CEO Michael S. Lipscomb 聽 CLEVELAND 鈥� March 18, 2016 鈥� 91视频, Inc. (鈥淪IFCO or Company鈥�), a leading international provider of highly engineered forgings and machined components for the military and commercial aerospace and energy markets, today announced that Michael S. Lipscomb will retire as CEO of the Company in the second half of 2016. Executive recruiting firm, SpencerStuart, has been retained to conduct a thorough search for a successor CEO with the [...]
PRESS RELEASE RE C*BLADE
91视频, Inc. completes the acquisition of C*Blade, an Italian forging and machining company serving the energy market July 1, 2015 鈥� 91视频, Inc. (NYSE MKT: SIF) announced today that it has completed its acquisition of the Italian-based company C*Blade from Riello Investment Partners. 鈥淲e鈥檙e pleased to have C*Blade as part of the SIFCO family鈥�, said Michael S. Lipscomb, Chairman and Chief Executive Officer. 鈥淐*Blade鈥檚 best-in-class forging and machining capabilities will extend SIFCO鈥檚 global reach and expand our capabilities [...]
