SIFCO INDUSTRIES INC
Business
SIFCO Industries is a manufacturer of forgings, machined components, and sub-assemblies for aerospace, defense, energy, and commercial space markets. The company provides envelope and precision forgings, rough and finished machined components, and related services to original equipment manufacturers, Tier 1 and Tier 2 suppliers, and aftermarket service providers. SIFCO operates two manufacturing facilities in Cleveland, Ohio and Orange, California, serving both military and commercial aerospace customers with critical components made from steel, high-temperature alloys, nickel alloys, titanium, and aluminum. The company operates as a single reportable business segment.
Summary from 10-K filed 2025-12-22
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SIFCO INDUSTRIES INC's CIK number?
SIFCO INDUSTRIES INC's SEC CIK number is 0000090168 (90168). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SIFCO INDUSTRIES INC's SEC filings?
All of SIFCO INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SIFCO INDUSTRIES INC last report earnings?
SIFCO INDUSTRIES INC (SIF) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000090168-26-000019). This is SIFCO INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is SIFCO INDUSTRIES INC's most recent earnings 8-K?
SIFCO INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0000090168-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SIFCO INDUSTRIES INC's latest earnings 8-K →
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