SIFCO Industries Inc. Files 10-Q for Q4 2024
Ticker: SIF · Form: 10-Q · Filed: Feb 14, 2025 · CIK: 90168
| Field | Detail |
|---|---|
| Company | Sifco Industries INC (SIF) |
| Form Type | 10-Q |
| Filed Date | Feb 14, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, aerospace
TL;DR
SIFCO 10-Q filed. Financials for Dec 31, 2024, out. Check it.
AI Summary
SIFCO Industries Inc. filed its 10-Q for the period ending December 31, 2024. The filing provides financial details for the quarter and year-to-date, including balance sheet information and operational data. Specific financial figures and comparative periods are detailed within the report.
Why It Matters
This filing provides investors and analysts with the latest financial performance and position of SIFCO Industries Inc., crucial for understanding the company's health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific content within this filing could reveal material changes or risks for SIFCO Industries Inc.
Key Numbers
- 2024-12-31 — Period End Date (Reporting period for the 10-Q)
- 2023-12-31 — Prior Year Period End Date (For comparative financial analysis)
- 2024-09-30 — Fiscal Year End (Company's fiscal year end)
Key Players & Entities
- SIFCO INDUSTRIES INC (company) — Filer
- 20241231 (date) — Period of Report
- 20250214 (date) — Filing Date
- CLEVELAND (location) — Business Address City
- OH (location) — Business Address State
- 2168818600 (phone_number) — Business Phone
FAQ
What were SIFCO Industries Inc.'s total assets as of December 31, 2024?
The filing does not explicitly state the total assets figure in the provided snippet, but it references 'PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization' and 'LongTermDebtNoncurrent'.
What is the company's fiscal year end?
SIFCO Industries Inc.'s fiscal year ends on September 30.
When was this 10-Q form filed?
This 10-Q form was filed on February 14, 2025.
What is the SIC code for SIFCO Industries Inc.?
The Standard Industrial Classification (SIC) code for SIFCO Industries Inc. is 3724, which corresponds to Aircraft Engines & Engine Parts.
What was the reporting period for this 10-Q?
The conforming period of report for this 10-Q was December 31, 2024.
Filing Stats: 4,698 words · 19 min read · ~16 pages · Grade level 16.2 · Accepted 2025-02-14 16:29:12
Key Financial Figures
- $1 — e Registrant's Common Shares, par value $1.00, outstanding at December 31, 2024 wa
Filing Documents
- sif-20241231.htm (10-Q) — 736KB
- exhibit311_2025q1.htm (EX-31.1) — 11KB
- exhibit312_2025q1.htm (EX-31.2) — 11KB
- exhibit321_2025q1.htm (EX-32.1) — 6KB
- exhibit322_2025q1.htm (EX-32.2) — 5KB
- 0000090168-25-000012.txt ( ) — 5622KB
- sif-20241231.xsd (EX-101.SCH) — 40KB
- sif-20241231_cal.xml (EX-101.CAL) — 99KB
- sif-20241231_def.xml (EX-101.DEF) — 171KB
- sif-20241231_lab.xml (EX-101.LAB) — 605KB
- sif-20241231_pre.xml (EX-101.PRE) — 409KB
- sif-20241231_htm.xml (XML) — 677KB
Financial Information
Part I. Financial Information
Financial Statements
Item 1. Financial Statements SIFCO Industries, Inc. and Subsidiaries Consolidated Condensed Statements of Operations (Unaudited) (Amounts in thousands, except per share data) Three Months Ended December 31, 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. 2 SIFCO Industries, Inc. and Subsidiaries Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) (Amounts in thousands) Three Months Ended December 31, 2024 2023 Net loss $ ( 2,316 ) $ ( 3,422 ) Other comprehensive income (loss): Foreign currency translation adjustment, net of tax 5,554 253 Retirement plan liability adjustment, net of tax 23 43 Other ( 2 ) — Comprehensive income (loss) $ 3,259 $ ( 3,126 ) See notes to unaudited consolidated condensed financial statements. 3 SIFCO Industries, Inc. and Subsidiaries Consolidated Condensed Balance Sheets (Amounts in thousands, except per share data) December 31, 2024 September 30, 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 3,143 $ 1,714