Company: SIF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000090168-25-000032
Chunk: 3

Company: SIFCO INDUSTRIES INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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,940)  
  Weighted-average common shares outstanding (basic)                                                                                6,068                                           6,050                       5,991  
  Effect of dilutive securities:                                                                                                                                                                                       
  Restricted shares                                                                                         58                                     78      —                                   —                       
  Performance shares                                                                                        12                                     18      —                                   —                       
  Weighted-average common shares outstanding (diluted)                                                                              6,138                                           6,050                       5,991  
  Net earnings (loss) per share – basic and diluted:                                                                                                                                                                   
  Continuing operations                                                                                     $                        0.54           $      $                      ( 0.07)      $              ( 1.20)  
  Discontinued operations                                                                                   0.02                                 0.17      0.02                                0.38                    
  Net earnings (loss) per share                                                                             $                        0.56           $      $                      ( 0.05)      $              ( 0.82)  
  Anti-dilutive weighted-average common shares excluded from calculation of diluted earnings per share      69                                    151      148                                 251                     

D. Recent Accounting Standards Adopted

None applicable.

E. Impact of Newly Issued Accounting Standards and Legislation

Accounting Pronouncements - Issued and Not Effective

In January 2025, the Financial Accounting Standards Board (“ FASB”) issued Accounting Standards Update (“ ASU”) 2025-01, “ Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date” (“ ASU 2025-01”). ASU 2025-01 outlines the effective date of ASU 2024-03, “ Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ ASU 2024-03”), as the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU 2024-03 is still permitted. ASU 2024-03 requires both interim and annual disclosures pertaining to expense captions on the face of the income statement within continuing operations containing the following amounts: (i) purchases of inventory, (ii) employee compensation, (iii) depreciation, (iv) intangible asset amortization, and (v) depreciation, depletion