Company: SIF
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0000090168-25-000012
Chunk: 0

Company: SIFCO INDUSTRIES INC
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements

SIFCO Industries, Inc. and Subsidiaries

Consolidated Condensed Statements of Operations

(Unaudited)

(Amounts in thousands, except per share data)

                                                                             2024                        2023                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales                                                                     $        20,883             $        15,474  
  Cost of goods sold                                                                     19,955                      16,019  
  Gross profit (loss)                                                         928                      ( 545)                
  Selling, general and administrative expenses                                            2,840                       3,103  
  Operating loss                                                         ( 1,912)                    ( 3,648)                
  Interest expense, net                                                       469                         342                
  Foreign currency exchange (gain) loss, net                                 ( 2)                           4                
  Other expense, net                                                           38                          69                
  Loss from continuing operations before income tax expense              ( 2,417)                    ( 4,063)                
  Income tax expense                                                            5                           6                
  Loss from continuing operations                                        ( 2,422)                    ( 4,069)                
  Income from discontinued operations, net of tax                             106                         647                
  Net loss                                                                      $      ( 2,316)             $      ( 3,422)  
  Basic and diluted earnings (loss) per share:                                                                               
  Basic and diluted loss per share from continuing operations                   $       ( 0.40)             $       ( 0.67)  
  Basic and diluted earnings per share from discontinued operations          0.02                        0.10                
  Basic and diluted loss per share                                              $       ( 0.38)             $       ( 0.57)  
  Weighted-average number of common shares (basic)                                        6,016                       5,956  
  Weighted-average number of common shares (diluted)                                      6,016                       5,956  

See notes to unaudited consolidated condensed financial statements.

SIFCO Industries, Inc. and Subsidiaries

Consolidated Condensed Statements of Comprehensive Income (Loss)

(Unaudited)

(Amounts in thousands)

                                                           2024                    2023                
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Net loss                                                 $         ( 2,316)