SIFCO INDUSTRIES INC reported second quarter and six months ended March 31, 2026 results: revenue $26.4 million, net income $2.7 million, EPS $0.43 per diluted share.
“for its second quarter and first half of fiscal 2026, which ended March 31, 2026. Second Quarter Results • Net sales in the second quarter of fiscal 2026 increased 39.0% to $26.4 million, compared with $19.0 million for the same period in fiscal 2025. • Net income from continuing operations for the second quarter of fiscal 2026 was $2.7 million, or $0.43 per”
Auditor Changes
SIFCO INDUSTRIES INC engaged Deloitte & Touche LLP as its auditor.
“On March 18, 2025, the Company appointed Deloitte & Touche LLP ("Deloitte") as the Company's new independent registered public accounting firm”
Auditor Changes
SIFCO INDUSTRIES INC dismissed RSM US LLP as its auditor.
“On March 18, 2025, the Audit Committee of the Board of Directors of SIFCO Industries, Inc. (the "Company") approved the dismissal of RSM US LLP ("RSM")”
Jennifer Wilson Skuhrovec was appointed as Chief Financial Officer at SIFCO INDUSTRIES INC.
“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.”
Thomas R. Kubera resigned as Chief Financial Officer at SIFCO INDUSTRIES INC.
“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.”
M&A Transactions
SIFCO INDUSTRIES INC completed a disposition involving TB2 S.r.l. for enterprise value of €20,000,000 pursuant to a “lockbox” arrangement that results in the payment of €13,800,000 in net equity value at closing (closed 2024-10-15).
“capital (“Sale Shares”) of C Blade S.p.A. Forging & Manufacturing, an Italian joint stock company and wholly-owned subsidiary of Seller (“CBlade”), at an enterprise value of €20,000,000 pursuant to a “lockbox” arrangement that results in the payment of €13,800,000 in net equity value at closing, subject to adjustment pursuant to and in accordance with the terms”
Robert D. Johnson was appointed as Director at SIFCO INDUSTRIES INC.
“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.”
Peter Knapper resigned as Director at SIFCO INDUSTRIES INC.
“Mr. Johnson was appointed to fill the vacancy resulting from the July 8, 2024 resignation and retirement of Peter Knapper.”
Thomas R. Kubera resigned as Chief Financial Officer at SIFCO INDUSTRIES INC.
“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.”
Peter W. Knapper retired as President and Chief Executive Officer at SIFCO INDUSTRIES INC.
“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.”
George Scherff was appointed as Chief Executive Officer at SIFCO INDUSTRIES INC.
“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”
Peter W. Knapper departed as President and Chief Executive Officer at SIFCO INDUSTRIES INC.
“Mr. Knapper will resign from his position as President and Chief Executive Officer of the Company, effective as of December 31, 2024.”
Earnings Releases
SIFCO INDUSTRIES INC reported second quarter of fiscal 2024, which ended March 31, 2024 results: revenue $26.5 million, net income $(1.6) million, EPS $(0.26) per diluted share.
“SIFCO Industries, Inc. (NYSE American: SIF) today announced financial results for its second quarter of fiscal 2024, which ended March 31, 2024. Second Quarter Results • Net sales in the second quarter of fiscal 2024 increased 37.9% to $26.5 million, compared with $19.2 million for the same period in fiscal 2023. • Net loss for the second quarter of fiscal 2024 was $(1.6) million, or $(0.26) per diluted share, compared with net loss of $(2.4) million, or $(0.40) per diluted share, in the second quarter of fiscal 2023.”
Earnings Releases
SIFCO INDUSTRIES INC reported its first quarter ended December 31, 2023 results: revenue $21.1 million, net income Net loss of $3.4 million, or $(0.57) per diluted share, EPS $(0.57) per diluted share.
“financial results for its first quarter of fiscal 2024, which ended December 31, 2023. First Quarter Results • Net sales in the first quarter of fiscal 2024 decreased 1.2% to $21.1 million, compared with $21.3 million for the same period in fiscal 2023. • Net loss for the first quarter of fiscal 2024 was $3.4 million, or $(0.57) per diluted share, compared with net”
Shareholder Votes
SIFCO INDUSTRIES INC shareholders approved Ratification of RSM US LLP as independent registered public accounting firm for the year ending September 30, 2024 at the 2024-01-31 meeting.
“The proposal to ratify the designation of RSM US LLP as the independent registered public accounting firm for the year ending September 30, 2024 was approved with the following votes:”
Shareholder Votes
SIFCO INDUSTRIES INC shareholders approved Election of six directors to serve until the 2025 Annual Meeting at the 2024-01-31 meeting.
“The six nominees listed below were elected as directors of the Company, each to serve on the Board of Directors until the Company’s Annual Meeting in 2025, with the respective votes set forth opposite their names:”
Earnings Releases
SIFCO INDUSTRIES INC reported fiscal year ended September 30, 2023 results: revenue $87.0 million, net income Net loss in fiscal 2023 was $8.7 million, or $(1.47) per diluted share, EPS $(1.47) per diluted share.
“million, compared with Adjusted EBITDA of $(4.8) million in the fourth quarter of fiscal 2022. Results for the Fiscal Year 2023 • Net sales in fiscal 2023 increased 3.7% to $87.0 million, compared with $83.9 million for the same period in fiscal 2022. • Net loss in fiscal 2023 was $8.7 million, or $(1.47) per diluted share, compared with a net loss of $9.6”
Earnings Releases
SIFCO INDUSTRIES INC reported fourth quarter and full year ended September 30, 2023 results: revenue $24.6 million, net income Net loss for the fourth quarter of fiscal 2023 was $3.1 million, or $(0.53) per diluted share, EPS $(0.53) per diluted share.
“which ended September 30, 2023. Fourth Quarter and Fiscal 2023 Highlights Results for the Fourth Quarter • Net sales in the fourth quarter of fiscal 2023 increased 32.2% to $24.6 million, compared with $18.6 million for the same period in fiscal 2022. • Net loss for the fourth quarter of fiscal 2023 was $3.1 million, or $(0.53) per diluted share, compared with”
Debt Financings
SIFCO INDUSTRIES INC amended credit facility with JPMorgan Chase Bank, N.A. at 2.75% (CBFR REVSOFR30), 0.25% (CBFR Spread (CB Floating Rate)), 2.75% (SOFR Spre maturing October 4, 2024.
“The Ninth Amendment amends the Credit Agreement to, among other things, to: (i) reflect the incurrence by borrowers of the Subordinated Loan”
Debt Financings
SIFCO INDUSTRIES INC incurred loan of $3,000,000 with Garnet Holdings, Inc. at 14% per annum maturing October 4, 2024.
“On December 21, 2023, SIFCO Industries, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “borrowers”), in connection with and as a condition to the agreement by JPMorgan Chase Bank, N.A. (the “Lender”) to consummate the transactions contemplated by the Ninth Amendment and the Fourth Amendment (each as defined below), incurred a secured subordinated loan from Garnet Holdings, Inc., a California corporation owned and controlled by Mark J. Silk (“GHI”), in the original principal amount of $3,000,000 (the “Subordinated Loan”)”
Material Agreements
SIFCO INDUSTRIES INC entered into Subordination and Intercreditor Agreement with Garnet Holdings, Inc. (effective 2023-12-21).
“(the “Lender”) to consummate the transactions contemplated by the Ninth Amendment and the Fourth Amendment (each as defined below), incurred a secured subordinated loan from Garnet Holdings, Inc., a California corporation owned and controlled by Mark J. Silk (“GHI”), in the original principal amount of $3,000,000 (the “Subordinated Loan”), on the terms and subject to the conditions of: (a) a Subordinated Secured Promissory Note (the “Subordinated Promissory Note”) in the original principal amount of $3,000,000 issued by borrowers to GHI, (b) a Subordination and Intercreditor Agreement (the “Subordination Agreement”) by and among borrowers, GHI and Lender, and (c) a Side Letter by and among borrowers and Mark J.”
Material Agreements
SIFCO INDUSTRIES INC entered into Subordinated Secured Promissory Note with Garnet Holdings, Inc. valued at $3,000,000 (effective 2023-12-21).
“incurred a secured subordinated loan from Garnet Holdings, Inc., a California corporation owned and controlled by Mark J. Silk (“GHI”), in the original principal amount of $3,000,000 (the “Subordinated Loan”), on the terms and subject to the conditions of: (a) a Subordinated Secured Promissory Note (the “Subordinated Promissory Note”)”
Material Agreements
SIFCO INDUSTRIES INC entered into Fourth Amendment with JPMorgan Chase Bank, N.A. (effective 2023-12-21).
“Fourth Amendment (the “Fourth Amendment”) to Export Credit Agreement (the “Export Credit Agreement”), in each case, with the Lender.”
Material Agreements
SIFCO INDUSTRIES INC entered into Ninth Amendment with JPMorgan Chase Bank, N.A. (effective 2023-12-21).
“On December 21, 2023, the borrowers entered into the Ninth Amendment (the “Ninth Amendment”) to the Credit Agreement (as previously amended, the “Credit Agreement”)”
Material Agreements
SIFCO INDUSTRIES INC amended Eighth Amendment with JPMorgan Chase Bank, N.A. (effective 2023-11-08).
“On November 8, 2023, SIFCO Industries, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “borrowers”) entered into the Eighth Amendment (the “Eighth Amendment”) to the Credit Agreement (as previously amended, the “Credit Agreement”), with JPMorgan Chase Bank, N.A., a national banking association (the “Lender”).”
Earnings Releases
SIFCO INDUSTRIES INC reported first nine months of fiscal 2023 results: revenue $62.4 million, net income $(5.6) million, EPS $(0.94) per diluted share.
“compared with Adjusted EBITDA of $(0.7) million in the third quarter of fiscal 2022. Year to Date Results • Net sales in the first nine months of fiscal 2023 decreased 4.4% to $62.4 million, compared with $65.3 million for the same period in fiscal 2022. • Net loss for the first nine months of fiscal 2023 was $(5.6) million, or $(0.94) per diluted share, compared”
Earnings Releases
SIFCO INDUSTRIES INC reported third quarter of fiscal 2023, which ended June 30, 2023 results: revenue $21.9 million, net income $(0.11) per diluted share, EPS $(0.11) per diluted share.
“financial results for its third quarter of fiscal 2023, which ended June 30, 2023. Third Quarter Results • Net sales in the third quarter of fiscal 2023 increased 1.9% to $21.9 million, compared with $21.4 million for the same period in fiscal 2022. • Net loss for the third quarter of fiscal 2023 was $0.6 million, or $(0.11) per diluted share, compared with net”
Listing & Compliance Notices
SIFCO INDUSTRIES INC received a nyse_american noncompliance notice notice regarding late filing (rules 1007).
“August 22, 2023, SIFCO Industries, Inc. (the “Company” or “SIFCO”) received a notice from the NYSE American LLC (the “NYSE American”) indicating that, due to the delay in the filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the “Form 10-Q”) (as reported on the Form 12b-25 filed by the Company on August 14, 2023), the Company is not in compliance with the continued listing standards of the NYSE American and is subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. The Company expects to complete the preparation, re”
Earnings Releases
SIFCO INDUSTRIES INC reported second quarter of fiscal 2023 results: revenue $19.2 million, net income $2.4 million, EPS $(0.40) per diluted share.
“financial results for its second quarter of fiscal 2023, which ended March 31, 2023. Second Quarter Results • Net sales in the second quarter of fiscal 2023 decreased 21.7% to $19.2 million, compared with $24.6 million for the same period in fiscal 2022. • Net loss for the second quarter of fiscal 2023 was $2.4 million, or $(0.40) per diluted share, compared with”
Material Agreements
SIFCO INDUSTRIES INC amended Third Amendment with JPMorgan Chase Bank, N.A. (effective 2023-08-09).
“On August 9, 2023, SIFCO Industries, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “borrowers”) entered into the Seventh Amendment (the “Seventh Amendment”) to the Credit Agreement (as previously amended, the “Credit Agreement”) and the Third Amendment (the “Third Amendment”) to the Export Credit Agreement (the “Export Credit Agreement”), in each case, with JPMorgan Chase Bank, N.A., a national banking association (the “Lender”).”
Material Agreements
SIFCO INDUSTRIES INC amended Seventh Amendment with JPMorgan Chase Bank, N.A. (effective 2023-08-09).
“On August 9, 2023, SIFCO Industries, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “borrowers”) entered into the Seventh Amendment (the “Seventh Amendment”) to the Credit Agreement (as previously amended, the “Credit Agreement”) and the Third Amendment (the “Third Amendment”) to the Export Credit Agreement (the “Export Credit Agreement”), in each case, with JPMorgan Chase Bank, N.A., a national banking association (the “Lender”).”
Material Agreements
SIFCO INDUSTRIES INC entered into Forbearance Agreement with JPMorgan Chase Bank, N.A. (effective 2023-04-28).
“on April 28, 2023 the Company, T&W, and Quality Forge entered into a Forbearance Agreement (the “Forbearance Agreement”) with Lender in respect of the Credit Agreements”
Auditor Changes
SIFCO INDUSTRIES INC engaged RSM US LLP as its auditor.
“On May 3, 2023, the Audit Committee of the Board of Directors of SIFCO Industries, Inc. appointed RSM US LLP (“RSM”) as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023.”
Debt Financings
SIFCO INDUSTRIES INC reported a default on credit facility with JPMorgan Chase Bank, N.A., as Lender.
“On April 5, 2023, the Company received written correspondence (the “Subsequent Notice”) with respect to the Credit Agreements in which Lender indicated further that (i) it is still in the process of evaluating the Existing Default described in the Notice; (ii) Lender may reduce the Reserves under the Borrowing Base in the Credit Agreements by up to $1,000,000”
Listing & Compliance Notices
SIFCO INDUSTRIES INC received a nyse_american deficiency notice notice regarding late filing (rules 1007).
“February 22, 2023, SIFCO Industries, Inc. (the “Company” or “SIFCO”) received a notice from the NYSE American LLC (the “NYSE American”) indicating that, due to the delay in the filing of its Quarterly Report on Form 10-Q for the period ended December 31, 2022 (the “Form 10-Q”) (as reported on the Form 12b-25 filed by the Company on February 14, 2023), the Company is not in compliance with the continued listing standards of the NYSE American and is subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide. The Company expects to complete the prepara”
Debt Financings
SIFCO INDUSTRIES INC reported a default on credit facility with J.P. Morgan Chase Bank, N.A..
“received a Notice of Event of Default and Reservation of Rights (the “Notice”) from J.P. Morgan Chase Bank, N.A., as Lender, with respect to (i) that certain Credit Agreement dated as of August 8, 2018”
Shareholder Votes
SIFCO INDUSTRIES INC shareholders approved Advisory non-binding approval of executive compensation (say-on-pay) at the 2023-01-31 meeting.
“The proposal to approve, on an advisory, non-binding basis, executive compensation (say-on-pay) was approved with the following votes: For 3,416,088 Against 432,571 Abstain 507,771 Broker Non-Votes 594,970”
Shareholder Votes
SIFCO INDUSTRIES INC shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm for the year ending September 30, 2023 at the 2023-01-31 meeting.
“The proposal to ratify the designation of Grant Thornton LLP as the independent registered public accounting firm for the year ending September 30, 2023 was approved with the following votes: For 4,924,242 Against 26,405 Abstain 753”
Shareholder Votes
SIFCO INDUSTRIES INC shareholders approved Election of Directors at the 2023-01-31 meeting.
“The six nominees listed below were elected as directors of the Company, each to serve on the Board of Directors until the Company’s Annual Meeting in 2024, with the respective votes set forth opposite their names: Directors For Withhold Broker Non-Votes Jeffrey P. Gotschall 3,453,174 903,256 594,970 Peter W. Knapper 3,462,597 893,833 594,970 Donald C. Molten Jr. 3,557,464 798,966 594,970 Alayne L. Reitman 3,575,210 781,220 594,970 Mark J. Silk 3,839,214 517,216 594,970 Hudson D. Smith 3,444,612 911,818 594,970”
Earnings Releases
SIFCO INDUSTRIES INC reported the fiscal year ended September 30, 2022 results: revenue $83.9 million, net income $9.6 million, EPS $(1.65) per diluted share.
“Net sales in fiscal 2022 decreased 15.8% to $83.9 million, compared with $99.6 million for the same period in fiscal 2021. • Net loss in fiscal 2022 was $9.6 million, or $(1.65) per diluted share, compared with a net loss of $0.7 million, or $(0.13) per diluted share in fiscal 2021.”
Earnings Releases
SIFCO INDUSTRIES INC reported the fourth quarter ended September 30, 2022 results: revenue $18.6 million, net income $6.9 million, EPS $(1.18) per diluted share.
“Net sales in the fourth quarter of fiscal 2022 decreased 23.4% to $18.6 million, compared with $24.3 million for the same period in fiscal 2021. • Net loss for the fourth quarter of fiscal 2022 was $6.9 million, or $(1.18) per diluted share, compared with net loss of $2.5 million, or $(0.43) per diluted share, in the fourth quarter of fiscal 2021.”
Norman E. Wells, Jr. departed as Chairman of the Board at SIFCO INDUSTRIES INC.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.