SIFCO INDUSTRIES INC

Listed Company

SIFCIK 0000090168NYSENon-AcceleratedSmaller ReportingAircraft Engines & Engine PartsOhioFY ends Sep 30

Period

FY 2025

Revenue

$84.81M

Net Income

$-729.0K

Total Assets

$73.39M

Equity

$36.88M

Shares Out

6.21M

Op. Cash Flow

$127.0K

Business

SIFCO INDUSTRIES INC manufactures forgings, sub-assemblies and machined components for the Aerospace and Energy markets. It offers envelope and precision forgings, rough and finished machined components, heat-treating, chemical and surface processing, non-destructive testing, and select sub-assembly services. Operations are conducted in a single business segment serving OEMs, Tier 1 and Tier 2 suppliers and aftermarket service providers. Products are produced primarily at facilities in Cleveland, Ohio and Orange, California and are distributed to customers in the U.S. and international markets.

Summary from filing dated 2025-12-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	85	80	66	84	100
Cost of goods sold	74	74	63	86	88
Gross profit	11	6	3	−2	11
Selling, general and administrative expenses	10	11	12	12	13
Loss on disposal of operating assets	10,000	4,000	−1,000	−7,000	—
Operating income (loss)	180,000	−5	−9	−14	−1
Interest expense, net	2	3	997,000	—	—
Gain on forgiven loan	−220,000	0	0	−5	−287,000
Foreign currency exchange loss (gain), net	3,000	−3,000	3,000	15,000	23,000
Other (income) expense, net	−541,000	362,000	500,000	59,000	489,000
Loss before income tax provision	−748,000	−9	−11	−10	−2
Income tax expense	185,000	37,000	16,000	−43,000	−1
Loss from continuing operations	−933,000	−9	−11	—	—
Income from discontinued operations, net of tax	204,000	3	2	—	—
Net loss	−729,000	−5	−9	−10	−743,000
Basic loss per share from continuing operations	−0.15	−1.44	−1.77	—	—
Basic earnings per share from discontinued operations (in dollars per share)	0.03	0.54	0.3	—	—
Basic loss per share (in dollars per share)	−0.12	−0.9	−1.47	−1.65	−0.13
Diluted loss per share from continuing operations	−0.15	−1.44	−1.77	—	—
Diluted earnings per share from discontinued operations (in dollars per share)	0.03	0.54	0.3	—	—
Diluted loss per share (in dollars per share)	−0.12	−0.9	−1.47	−1.65	−0.13
Weighted-average number of common shares (basic) (in shares)	6	6	6	6	6
Weighted-average number of common shares (diluted) (in shares)	6	6	6	6	6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	491,000	2	21,000	1	346,000
Restricted cash	2	0	—	—	—
Receivables, net of allowance for credit losses of $151 and $117, respectively	16	17	16	12	20
Contract asset	11	11	10	10	13
Inventories, net	4	6	5	9	13
Prepaid expenses and other current assets	2	2	2	2	2
Current assets of discontinued operations	0	16	10	—	—
Total current assets	35	54	41	39	48
Property, plant and equipment, net	22	26	29	39	43
Operating lease right-of-use assets, net	13	13	14	15	16
Goodwill	3	3	3	3	3
Other assets	473,000	357,000	368,000	79,000	77,000
Noncurrent assets of discontinued operations	0	7	7	—	—
Total assets	73	105	96	97	111
Current maturities of debt, net of unamortized debt issuance costs	3	353,000	374,000	—	—
Promissory note related party	0	4	0	—	—
Revolver	8	20	16	11	9
Short-term operating lease liabilities	959,000	879,000	818,000	792,000	788,000
Accounts payable	6	12	11	10	10
Contract liabilities	2	3	731,000	154,000	—
Accrued liabilities (related party nil and $880, respectively)	3	5	3	6	7
Current liabilities of discontinued operations	0	10	9	—	—
Total current liabilities	22	54	41	33	36
Long-term finance lease, net of short-term	51,000	0	—	—	—
Long-term operating lease liabilities, net of short-term	12	13	14	15	15
Deferred income taxes, net	163,000	154,000	142,000	137,000	158,000
Pension liability	1	2	3	5	6
Other long-term liabilities	619,000	645,000	661,000	744,000	741,000
Noncurrent liabilities of discontinued operations	0	4	3	—	—
Commitment and contingencies (Note 12)	—	—	—	—	—
Serial preferred shares, no par value, authorized 1,000 shares; 0 shares issued and outstanding at September 30, 2025 and 2024	0	0	0	0	0
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 6,180 at September 30, 2025 and 6,158 at September 30, 2024	6	6	6	6	6
Additional paid-in capital	12	12	12	11	11
Retained earnings	17	18	23	32	42
Accumulated other comprehensive income (loss)	2	−5	−7	−9	−9
Total shareholders equity	37	30	34	41	50
Total liabilities and shareholders equity	73	105	96	97	111

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	5	5	5	6	8
Amortization of debt issuance costs	203,000	1	44,000	40,000	72,000
Inventory valuation accounts	3	570,000	−1	—	—
LIFO effect	401,000	862,000	−305,000	729,000	924,000
Share transactions under employee stock plan	139,000	202,000	304,000	322,000	453,000
Deferred income taxes	9,000	12,000	13,000	−48,000	−1
Interest added to promissory note - related party (paid-in-kind)	0	360,000	0	—	—
Interest incurred but not yet paid	15,000	40,000	—	—	—
Other expenses	115,000	240,000	—	—	—
Receivables	1	−2	−4	3	3
Contract assets	186,000	−655,000	81,000	3	−877,000
Inventories	−1	−3	3	443,000	2
Refundable income taxes	0	71,000	13,000	4,000	2,000
Prepaid expenses and other current assets	266,000	−1	−330,000	−138,000	157,000
Other assets	296,000	11,000	−6,000	−4,000	61,000
Accounts payable	−6	1	3	808,000	−4
Accrued liabilities	−1	516,000	−11,000	−419,000	−1
Contract liabilities	−1	2	577,000	—	—
Accrued income tax and other	169,000	−44,000	1,000	−27,000	3,000
Net cash provided by (used for) operating activities	127,000	−3	−4	—	—
Capital expenditures	−484,000	−2	−1	−3	−5
Net cash used for investing activities	−484,000	−2	−1	—	—
Proceeds from term note	3	0	0	261,000	1
Repayments of term note	−550,000	−61,000	—	—	—
Proceeds from promissory note - related party	0	3	0	2	0
Repayments of promissory note and related fees - related party	−4	0	—	—	—
Proceeds from revolving credit agreement	100	96	80	80	89
Repayments of revolving credit agreement	−112	−92	−75	−78	−93
Payments for debt issuance costs	−203,000	−461,000	0	0	−45,000
Principal payments on finance leases	−42,000	0	−5,000	—	—
Net cash (used for) provided by financing activities	−14	6	5	—	—
Net cash provided by operating activities	5,000	1	2	—	—
Net cash provided by (used for) investing activities	14	−1	−1	—	—
Net cash provided by financing activities	356,000	1	−2	—	—
Effects of exchange rate changes on cash and cash equivalents	−35,000	−381,000	110,000	—	—
Net cash provided by discontinued operations	15	662,000	−810,000	—	—
Increase in cash, cash equivalents and restricted cash	330,000	2	−806,000	—	—
Cash paid for interest	−2	−1	−986,000	−585,000	−397,000
Cash paid for income tax, net	−16,000	−19,000	−9,000	−19,000	−62,000
Debt issuance costs - incurred but not yet paid	115,000	0	—	—	—
Accrued guaranty fees - related party	0	880,000	0	—	—
Origination fees capitalized to promissory note principal - related party	0	150,000	0	—	—

Filings

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