SIFCO Industries (NYSEAM) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 net sales rose 35.0% to $20.883M; continuing-operations loss narrowed to $2.422M from $4.069M.

• October’s European forging-operation sale refocused operations on core aerospace forging; the disposed operation is reported as discontinued operations.

Financial highlights

• Gross profit was $0.928M vs. a $0.545M gross loss; operating loss narrowed to $1.912M from $3.648M.

• Net loss was $2.316M vs. $3.422M; discontinued operations contributed $0.106M vs. $0.647M.

• Cash used in operating activities was $3.809M vs. $1.503M; capital expenditures were $0.109M vs. $0.482M.

• EBITDA loss was $0.767M vs. $2.489M; Adjusted EBITDA loss was $0.248M vs. $1.851M.

Outlook and guidance

• Backlog was $121.9M at Dec. 31, 2024, including $90.1M expected to be completed within 12 months; orders may be modified or canceled.

• Remaining FY2025 capital expenditures are expected to be $1.5M–$2.0M, mainly for production and product capability improvements and operating cost reductions.

• Existing cash is expected to support operations and planned spending over the next 12 months; additional debt or equity funding may be sought for growth.

• Expected defined-benefit plan cash contributions for the balance of FY2025 are $0.240M, subject to potential use of carryover balances.