SIFCO INDUSTRIES INC

• Company name and core business

  • SIFCO Industries, Inc. — an Ohio corporation (incorporated 1916).
  • Manufacturer of forgings, machined components and sub‑assemblies, and provider of associated services (forging, heat‑treating, chemical/surface processing, machining).
  • Primary end markets: Aerospace & Defense (A&D), Energy, Commercial Space, and selected commercial/industrial markets (also supplies components used in semiconductor manufacturing).
  • Customers served: OEMs, Tier‑1 and Tier‑2 suppliers, and aftermarket service providers.
  • Operations reported as a single business segment.

• Product / materials / capabilities

  • Materials: steel, high‑temperature alloys, nickel alloys, titanium, aluminum.
  • Product examples: turbine‑engine components (commercial, business, regional, military), steam‑turbine blades, structural airframe components, landing‑gear components, aircraft wheels & brakes, critical rotating components for helicopters, munitions/other commercial products.
  • Services: precision and envelope forgings, rough/finished machining, heat‑treating, surface treatments, non‑destructive testing, selected sub‑assemblies.
  • Quality / approvals: AS9100D and/or ISO 9001:2015 certifications; multiple NADCAP accreditations and OEM site approvals.

• Facilities / footprint

  • U.S. manufacturing facilities:
    • Cleveland, Ohio — owned, ~280,000 sq. ft.; Company headquarters (970 E. 64th St., Cleveland).
    • Orange, California — leased facilities aggregating ~70,500 sq. ft.
  • European operations (CBlade, Maniago, Italy) were sold in October 2024; CBlade presented as discontinued operations for FY2025 and FY2024.

• Employees / labor

  • Workforce (excluding CBlade after its October 2024 sale):
    • Approximately 244 full‑time employees at the beginning of fiscal 2025; ~259 employees at the end of fiscal 2025.
    • As of September 30, 2025 all employees (excluding sold CBlade employees) were located in the U.S.
    • ~68% of U.S. workforce are skilled/unskilled shop employees; remainder management, corporate, administrative and support.
  • Union representation:
    • Cleveland location: two bargaining units (unit 1 and unit 2). As of 9/30/2025 approximately 94 hourly plant personnel were represented by the two CBAs.
    • Reported CBA expiration dates (post‑negotiation): unit 1 — May 12, 2030; unit 2 — March 31, 2029.

• Customer concentration (FY2025 / FY2024)

  • Fiscal 2025:
    • One direct customer accounted for 18% of consolidated net sales.
    • Two customers and their direct subcontractors accounted for 34% of consolidated net sales (individually 18% and 16%).
    • Company statement: “Other than what has been disclosed, no other single customer or group represented greater than 10% of total net sales in fiscal 2025.”
  • Fiscal 2024:
    • One direct customer accounted for 15% of consolidated net sales.
    • Three largest customers and their direct subcontractors accounted for 41% of consolidated net sales (15%, 15%, 11% individually).

• Backlog

  • Total backlog as of September 30, 2025: $119.2 million (company‑reported).
  • Orders scheduled for the upcoming fiscal year (FY2026) as of 9/30/2025: $87.3 million.
  • Comparative (9/30/2024): total backlog $114.4 million; next‑year orders $85.0 million.

• Key financial results (fiscal year ended September 30)

  • Net sales
    • FY2025: $84,815 (amounts in the statements are presented in thousands → $84.815 million).
    • FY2024: $79,633 ($79.633 million).
  • Gross profit / margin
    • FY2025 gross profit: $10,585 (12.5% of sales).
    • FY2024 gross profit: $5,982 (7.5% of sales).
  • Operating results / income
    • Loss from continuing operations:
      • FY2025: loss of $933 (thousand) → -$0.933 million.
      • FY2024: loss of $8,626 (thousand) → -$8.626 million.
    • Net income (loss), including discontinued operations:
      • FY2025: net loss $729 (thousand) → -$0.729 million.
      • FY2024: net loss $5,383 (thousand) → -$5.383 million.
    • Income from discontinued operations (CBlade):
      • FY2025: $204 (thousand).
      • FY2024: $3,243 (thousand).
  • Selling, general & administrative (SG&A)
    • FY2025: $10,395 (12.3% of net sales).
    • FY2024: $11,128 (14.0% of net sales).
  • Interest expense, net
    • FY2025: $1,686 (thousand).
    • FY2024: $3,080 (thousand).

• Revenue mix (FY2025 vs FY2024)

  • By market (FY2025): Commercial 43.5% of revenue; Military 56.5%.
  • By market (FY2024): Commercial 52.4%; Military 47.6%.
  • By product group (FY2025 vs FY2024 — selected lines):
    • Fixed‑wing aircraft: $51,379 (FY2025) vs $41,847 (FY2024).
    • Rotorcraft: $17,069 (FY2025) vs $17,255 (FY2024).
    • Commercial space: $5,029 (FY2025) vs $13,200 (FY2024).
    • Energy (power generation): $2,491 (FY2025) vs $1,821 (FY2024).
    • Commercial products & other: $8,847 (FY2025) vs $5,510 (FY2024).

• Major corporate events called out in the filing

  • Sale of CBlade S.p.A. (Maniago, Italy) closed in October 2024; presented as discontinued operations in FY2025 and FY2024 financial statements (historical amounts retrospectively adjusted).
  • Refinancing and new Loan & Security Agreement effective October 17, 2024 (senior secured revolver and term loan; credit facility details disclosed in Note 6).

• Other notable operating facts

  • Company holds multiple NADCAP certifications and specific OEM approvals.
  • Operations rely primarily on North American suppliers for raw materials; raw material lead‑time and pricing pressures noted as risks.
  • Company maintains defined benefit pension plans (details disclosed) and a mix of defined contribution plans.

(Amounts above are taken directly from the company’s Form 10‑K for the year ended September 30, 2025; dollar amounts in the financial statements are presented in thousands in the filing and are shown here with the same numeric precision.)