Company: SIF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000090168-25-000032
Chunk: 1

Company: SIFCO INDUSTRIES INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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           $               $                  231      $                  35,845  

                                                   Nine Months Ended                                                                                             
                                                   June 30, 2024                                                                                                 
                                                   Common Shares                                 Additional      Retained      Accumulated        Total          
                                                                                                 Paid-In         Earnings      Other              Shareholders’  
                                                                                                 Capital                       Comprehensive      Equity         
                                                                                                                               Loss                              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                   Shares                            Amount                                                                      
  Balance at October 1, 2023                                              6,105      $           $               $             $                  $              
  Comprehensive (loss) income                      —                                 —           —               ( 4,940)      237                ( 4,703)       
  Performance and restricted share expense         —                                 —           243             —             —                  243            
  Share transactions under equity-based plans      75                                75          ( 124)          —             —                  ( 49)          
  Balance at June 30, 2024                                                6,180      $           $               $             $                  $              

See notes to unaudited consolidated condensed financial statements.

SIFCO Industries, Inc. and Subsidiaries

Notes to Unaudited Consolidated Condensed Financial Statements

(Amounts in thousands, except per share data)

1. Summary of Significant Accounting Policies

A. Principles of Consolidation

The accompanying unaudited consolidated condensed financial statements include the accounts of SIFCO Industries, Inc. and its wholly-owned subsidiaries (collectively, the “ Company”). All intercompany accounts and transactions have been eliminated in consolidation.

In October 2024, the Company sold its European operations in order to streamline operations and refocus on its core aerospace forging business. SIFCO Irish Holdings, Ltd., a wholly-owned subsidiary of the Company, entered into a Share Purchase Agreement (the “ SPA”) pursuant to which it sold 100

As a result of the sale transaction, the Company’s financial statements have been prepared with the net assets, results of operations, and cash flows of CBlade presented as discontinued operations. All historical statements, amounts and related disclosures have been retrospectively adjusted to conform to this presentation. Refer to Note 2 - Discontinued Operations.

The U. S. dollar is the functional currency for all of the Company’s operations in the United States (“ U. S.”) and its non-operating, non-U. S. subsidiaries. For these operations,