Segment InformationThe Company identifies itself as one operating segment, SIFCO, which is a manufacturer of forgings and machined components for the A&E markets. The Company's CODM is the Chief Executive Officer. The CODM has the ultimate decision-making authority for resource allocation and assessing the performance of the Company. As such, the CODM reviews the loss from continuing operations as a measure of segment profit or loss, as well as segment expense included in the below table, to evaluate operating performance, generate future operating plans and make strategic decisions. The CODM also uses these measures in monitoring plan versus actual results. The CODM does not review segment assets at a different asset level or category than those disclosed in the consolidated balance sheets.
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| Years Ended September 30, |
| 2025 | | 2024 |
| Net sales | $ | 84,815 | | | $ | 79,633 | |
| Less: | | | |
| Cost of goods sold | 74,230 | | | 73,651 | |
| Selling, general and administrative expenses | 10,395 | | | 11,128 | |
| Other¹ | 1,123 | | | 3,480 | |
| Loss from continuing operations | $ | (933) | | | $ | (8,626) | |
¹ Other items include loss on disposal of operating assets, interest expense, gain on forgiven loan, foreign currency exchange loss (gain), other (income) expense, and income tax expense.
General Information
Geographic net sales are based on location of customer. The United States of America is the single largest country for unaffiliated customer sales, accounting for 75% and 77% of consolidated net sales in fiscal 2025 and 2024, respectively. No other single country represents greater than 10% of consolidated net sales in fiscal 2025 and 2024. Net sales to unaffiliated customers located in various European countries accounted for 7% and 8% of consolidated net sales in fiscal 2025 and 2024, respectively. Net sales to unaffiliated customers located in various Asian countries accounted for 10% and 8% of consolidated net sales in fiscal 2025 and 2024, respectively. Other North American countries represent 6% and 6% of consolidated net sales in fiscal 2025 and 2024, respectively.
All of the Company’s continuing operations and identifiable assets not held for sale are located within the United States.
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| | 2025 | | 2024 |
| Long-Lived Assets | | | | |
| United States | | $ | 38,303 | | | $ | 43,437 | |
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About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.