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

Company: SIFCO INDUSTRIES INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 has two

The Company’s Cleveland bargaining unit 1 ratified its CBA in fiscal2020 and such CBA expired on May 15, 2025. On May 9, 2025, t he Company reached an agreement on a new CBA with the International Association of Machinists (“ IAM”) and its employee members. The new CBA took effect on May 15, 2025 and contains substantially similar terms and conditions as the expired CBA.

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 continues to be in negotiations with the IBB and its employee members, who continue to work under the terms of the expired IBB CBA. The Company anticipates ratification of a new agreement during the fourth quarter of fiscal 2025 with substantially similar terms and conditions as the expired IBB CBA.

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