Company: SIF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0000090168-25-000025
Chunk: 13

Company: SIFCO INDUSTRIES INC
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 he Company reached an agreement on a new CBA with the International Association of Machinists (“ IAM”) and its employee members. The new CBA takes effect on May 15, 2025 and contains substantially similar terms and conditions as the previous agreement.

The second bargaining unit, under its new representative the International Brotherhood of Boilermakers (“ IBB”), was ratified in fiscal 2022 and expired on March 31, 2025. The Company is in negotiations with the IBB and its employee members, who continue to work under the terms of the expired agreement. The Company anticipates ratification of a new agreement during the third quarter of fiscal 2025 with substantially similar terms and conditions as the previous agreement.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations