Highest-materiality recent filing
SIFCO Q3 sales up 18.3% to $26.1M; nine-month net income $4.4M vs year-ago loss
Q3 net sales $26.1M, up 18.3% YoY; net loss from continuing ops nominal at $(0.01)/share vs $3.3M loss ($0.54) prior year.
SIFCO Q2 net income $2.7M vs year-ago loss; sales up 39% to $26.4M
Q2 net income from continuing ops $2.7M ($0.43 diluted) vs net loss $1.3M ($0.22 loss) in Q2 FY2025.
SIFCO Q1 net income $1.8M vs loss of $2.4M; sales up 14.8% to $24.0M
Net sales up 14.8% to $24.0M; net income from continuing ops $1.8M ($0.29 diluted EPS) vs loss of $2.4M (-$0.40) YoY.
SIFCO shareholders elect four directors, approve say-on-pay, favor triennial vote frequency
All four director nominees elected: Johnson, Molten, Reitman, Silk (highest vote 2.64M for Silk).
SIFCO CFO Jennifer Wilson resigns effective Feb 20, 2026; Eric Shultz appointed successor.
CFO Jennifer Wilson resigns effective February 20, 2026; receives $30,000 cash bonus for transition.
SIFCO Q4 net sales up 5% to $22.8M; FY net loss narrows to $0.9M from $8.6M
Q4 net sales $22.8M (+5% YoY); net loss from continuing ops $0.5M vs $1.4M loss a year ago.
SIFCO CFO Jennifer Wilson resigns effective Feb 20, 2026; no dispute
Jennifer Wilson notified Board of resignation as CFO, effective February 20, 2026.
SIFCO ratifies collective bargaining agreement with Boilermakers union at Cleveland plant
Ratified collective bargaining agreement with International Brotherhood of Boilermakers on November 11, 2025.
SIFCO Q3 net income $3.3M ($0.54 EPS) vs loss $0.9M; revenue up 0.5%
Q3 net sales $22.1M (+0.5% YoY); net income from continuing ops $3.3M ($0.54 diluted EPS) vs net loss $0.9M ($0.16 loss).
SIFCO Q2 net loss narrows to $1.3M; H1 sales up 10.9% to $39.9M
Q2 net sales $19.0M, down 7.3% YoY; net loss from continuing ops improved to $1.3M from $2.2M.
SIFCO Industries dismisses RSM US LLP, appoints Deloitte & Touche as new auditor
Audit Committee dismissed RSM US LLP as independent auditor effective March 18, 2025.
SIFCO Q1 sales up 35% YoY to $20.9M; net loss per share improves to $(0.40) from $(0.67)
Net sales increased 35% to $20.9M from $15.5M in Q1 fiscal 2024.
SIFCO shareholders elect four directors and ratify auditor at 2025 meeting
Directors elected: Robert D. Johnson, Donald C. Molten Jr., Alayne L. Reitman, Mark J. Silk (each to one-year term).
SIFCO Q4 net sales +14% to $21.7M; FY net loss narrows to $1.44 per share
Q4 net sales $21.7M (+14% YoY); FY net sales $79.6M (+20% YoY).
Jennifer Wilson appointed CFO of SIFCO, effective Nov 13, 2024
Jennifer Wilson Skuhrovec named CFO effective Nov 13, 2024, replacing retiring Thomas Kubera.
SIFCO enters $23M credit facility with Siena Lending, refinances JPMorgan debt
New 3-year asset-based revolver up to $20M, term loan $3M, and $2.5M letter-of-credit subfacility.
SIFCO completes sale of C Blade S.p.A. for €20M enterprise value, receives ~$14.7M net cash
Sale closed Oct 15, 2024; buyer TB2 S.r.l. acquired 100% of C Blade for €20M enterprise value (€13.8M net equity at closing).
SIFCO extends C Blade sale closing and credit maturities to Nov 6, pending Golden Power OK
Share purchase agreement amendment pushes outside closing date from Sep 30 to Nov 6, 2024.
SIFCO appoints Robert Johnson to board, filling vacancy from Knapper resignation
Robert D. Johnson appointed to SIFCO board effective Sept 26, 2024, filling vacancy from Peter Knapper's July 8, 2024 resignation.
SIFCO posts Q3 net income of $0.1M, revenue up 34% YoY; CFO Kubera to retire Nov 13
Q3 net sales $29.3M (+33.9% YoY); net income $0.1M ($0.01 EPS) vs loss of $(0.6)M.
SIFCO Industries to sell Italian subsidiary C Blade S.p.A. for €20M enterprise value
SIFCO Irish Holdings agrees to sell 100% of C Blade S.p.A. to TB2 S.r.l. for €20M enterprise value (€13.8M net equity at closing).
SIFCO director Peter Knapper resigns from Board, reducing size below required minimum
Peter Knapper resigned from the Board effective July 8, 2024, concurrent with his retirement as CEO.
SIFCO appoints George Scherff as CEO effective July 8, 2024; Knapper retires earlier
George Scherff appointed CEO effective July 8, 2024; base salary $300,000 with target bonus of 35%.
Tenth Amendment to Credit Agreement and Fifth Amendment to Export Credit Agreement executed May 21, 2024.
SIFCO CEO Peter W. Knapper to retire effective Dec 31, 2024
Peter W. Knapper notified Board on May 8, 2024 of his desire to retire.
SIFCO Q2 revenue up 38% to $26.5M; net loss narrows to $1.6M, EBITDA positive $0.9M
Net sales $26.5M (+37.9% YoY); net loss $(1.6)M vs $(2.4)M; EPS $(0.26) vs $(0.40).
SIFCO Q1 net loss widens to $3.4M; sales slip 1.2% to $21.1M
Net loss of $3.4M ($0.57/diluted share) vs $2.6M ($0.44) in Q1 last year.
SIFCO shareholders elect six directors, ratify RSM as auditor at annual meeting
Directors elected: Gotschall, Knapper, Molten, Reitman, Silk, Smith; each received >3M votes.
SIFCO reports Q4 net sales up 32% to $24.6M; net loss narrows to $3.1M
Q4 net sales $24.6M (+32.2% YoY); net loss $3.1M ($0.53/sh) vs loss $6.9M ($1.18/sh) prior year.
Subordinated loan of $3M from Garnet Holdings (owned by director Mark Silk) at 14% PIK interest, matures Oct 4, 2024.
SIFCO enters Eighth Amendment to Credit Agreement, reduces borrowing base reserves to $1.5M
Reserves under Borrowing Base reduced to $1,500,000, may be further lowered at Lender's sole discretion.
SIFCO regains NYSE American listing compliance after filing delayed Q3 10-Q
On September 28, 2023, SIFCO received NYSE American notice of regained compliance under Section 1007.
SIFCO regains NYSE American listing compliance after filing delayed 10-Q
Filed delayed Form 10-Q for quarter ended June 30, 2023 on September 28, 2023.
SIFCO Q3 net loss narrows to $0.6M; backlog jumps to $122.8M
Q3 net sales $21.9M (+1.9% YoY); net loss $0.6M vs $2.7M loss a year ago.
SIFCO receives NYSE American delisting notice for late Q3 10-Q; cites December 2022 cyber incident
NYSE American notice on August 22, 2023 due to delay in filing Form 10-Q for period ended June 30, 2023.
SIFCO Q2 net loss $2.4M, revenue down 21.7% on cyber incident
Net sales $19.2M (-21.7% YoY); net loss $2.4M vs income $3.7M in prior Q2.
SIFCO obtains JPMorgan loan default waiver, maturity pulled to Dec 2023, credit line cut
JPMorgan waived existing defaults (missed borrowing base certificates, monthly reports, and fixed charge coverage ratio failures).
SIFCO Q1 sales up 10.7% to $21.3M; net loss narrows to $2.6M from $3.7M
Net sales $21.3M vs $19.2M YoY; net loss $2.6M ($0.44/diluted share) vs $3.7M ($0.64).
SIFCO enters forbearance with JPMorgan after defaults; appoints RSM as new auditor
Forbearance agreement caps revolving exposure at $19M, reduces borrowing base reserve to $2M.
SIFCO Industries auditor Grant Thornton LLP resigns effective April 13, 2023
Grant Thornton LLP resigned as SIFCO's independent auditor on April 13, 2023, not at the request of the company.
JPMorgan may reduce borrowing base reserves by up to $1M and has no obligation to make loans or issue letters of credit.
SIFCO receives NYSE American non-compliance notice for late 10-Q; cites cyber incident
Received NYSE American notice on Feb 22, 2023 for failure to file Q1 FY2023 Form 10-Q (period ended Dec 31, 2022) on time.
JPMorgan issued default notice for failure to deliver required Borrowing Base Certificates under Credit Agreements.
SIFCO shareholders elect six directors and approve auditor ratification and say-on-pay
All six director nominees elected with substantial support; highest vote count 3,839,214 for Mark J. Silk.
SIFCO Industries discloses cyber incident on Dec 30, 2022; investigation ongoing
Cyber incident identified on December 30, 2022; containment measures activated immediately.
SIFCO Q4 net sales down 23.4% to $18.6M; net loss of $6.9M ($1.18 EPS) deepens from $2.5M loss
Net sales $18.6M in Q4 2022 vs $24.3M in Q4 2021 (-23.4%); full-year net sales $83.9M vs $99.6M (-15.8%).
SIFCO Chairman Norman E. Wells to retire from Board at 2023 Annual Meeting
Norman E. Wells, Jr. notified the Board he will not stand for re-election and intends to retire at the 2023 Annual Meeting.
SIFCO Q3 2022: Net loss $2.7M ($0.46/sh) on $21.4M revenue, vs $0.3M profit a year ago
Net loss of $2.7M ($0.46 diluted EPS) vs net income of $0.3M ($0.04) in Q3 FY2021.
SIFCO CEO Knapper gets new change-in-control agreement with 2x salary severance
New change-in-control & severance agreement with CEO Peter Knapper effective June 29, 2022, replacing 2019 agreement.
SIFCO Q2 net income $3.6M vs loss of $1.5M YoY; sales down 1.2%
Q2 net sales $24.6M, down 1.2% vs $24.9M YoY; net income $3.6M ($0.61 diluted EPS) vs net loss $1.5M.
Thomas R. Kubera notified the Board of Directors (the “Board”) of the Company of his desire to retire and resign from his position as Chief Financial Officer of the Company, effective as of November 13, 2024.
On October 23, 2024, the Board appointed Jennifer Wilson Skuhrovec to serve as the Chief Financial Officer of the Company, effective as of November 13, 2024.
Mr. Johnson was appointed to fill the vacancy resulting from the July 8, 2024 resignation and retirement of Peter Knapper.
On September 26, 2024, the Board of Directors (the "Board") of SIFCO Industries, Inc., an Ohio corporation (the "Company"), appointed Robert (Bob) D. Johnson as a member of the Board, effective September 26, 2024.
Thomas R. Kubera notified the Board of Directors (the “Board”) of SIFCO Industries, Inc., an Ohio corporation (the “Company”), of his desire to retire and resign from his position as Chief Financial Officer of the Company, effective as of November 13, 2024.
Mr. Knapper will advance his retirement from his position as President and Chief Executive Officer of the Company to be effective as of July 8, 2024.
The Board authorized the Company to extend an offer of employment to Mr. George Scherff to succeed Mr. Knapper as Chief Executive Officer of the Company
Mr. Knapper will resign from his position as President and Chief Executive Officer of the Company, effective as of December 31, 2024.
Norman E. Wells, Jr. notified the chairperson of the Nominating and Governance Committee of the Board that he will not stand for re-election and intends to retire from the Board, and the committees on which he currently serves, effective as of the date of the Company’s 2023 Annual Meeting of Shareholders.
Max materiality 0.90 · Median 0.62 · Most common event earnings