8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) – February 3, 2015

SIFCO Industries, Inc.

(Exact name of registrant as specified in its charter)

Ohio	1-5978	34-0553950
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
970 East 64th Street, Cleveland Ohio		44103
(Address of principal executive offices)		(ZIP Code)

Registrant’s telephone number, including area code: (216) 881-8600

N.A.

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition,

On February 3, 2015, SIFCO Industries, Inc. issued a press release announcing its financial results for its first fiscal quarter ended December 31, 2014. A copy of this press release is furnished with this Report as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this item and in the accompanying exhibit shall not be deemed filed by SIFCO Industries, Inc. for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that SIFCO Industries, Inc. specifically incorporates it by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Earnings Press Release dated February 3, 2015.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SIFCO Industries, Inc.
	(Registrant)
Date: February 3, 2015
	/s/ Catherine M. Kramer
	Catherine M. Kramer
	Vice President – Finance and Chief Financial Officer
	(Principal Financial Officer)

EX-99.1

SIFCO Industries, Inc. (“SIFCO”) Announces

First Quarter Fiscal 2015 Financial Results

Cleveland - SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its first quarter fiscal year 2015, which ended December 31, 2014.

First Quarter

• Net sales from continuing operations in first quarter fiscal 2015 decreased 24.7% to $20.1 million, compared to $26.7 million in first quarter fiscal 2014.

• Loss from continuing operations before income tax provision in first quarter fiscal 2015 was $1.9 million compared with income of $1.6 million in first quarter fiscal 2014.

• Loss from income from continuing operations for first quarter fiscal 2015 was $1.3 million, or $0.25 per diluted share, compared with income of $1.2 million, or $0.21 per diluted share, in first quarter fiscal 2014.

CEO Michael S. Lipscomb stated, "The Company is off to a slow start for the year, having come off of a strong fourth quarter.  In addition to poor sales performance, the Company also absorbed costs associated with enterprise-wide initiatives, including our ERP implementation and SOX compliance programs.  These added expenses impacted the bottom line, but are necessary endeavors to build a platform for the future. Our target markets, aerospace and energy, have fared well overall, and we continue to have a positive outlook for the growth potential of these markets.”

Forward-Looking Language

Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.

The Company's Form 10-K for the year ended September 30, 2014 can be accessed through its website: www.sifco.com, or on the Securities and Exchange Commission's website: www.sec.gov.

The Company is engaged in the production of forgings and machined components primarily in the Aerospace and Energy markets. The processes and services and services include heat-treating and machining. The Company operates under one segment.

First Quarter Ended December 31

(Amounts in thousands, expect per share data)

	Three Months Ended   December 31,
	2014			2013
Net sales	$	20,080		$	26,652
Cost of goods sold	17,081			21,082
Gross profit	2,999			5,570
Selling, general and administrative expenses	4,444			3,459
Amortization of intangible assets	520			545
(Gain) on disposal of operating assets	—			(2		)
Operating income (loss)	(1,965		)	1,568
Interest income	(3		)	(4		)
Interest expense	60			85
Foreign currency exchange (gain) loss, net	(10		)	5
Other income, net	(107		)	(108		)
Income (loss) from continuing operations before income tax provision	(1,905		)	1,590
Income tax provision (benefit)	(560		)	436
Income (loss) from continuing operations	(1,345		)	1,154
(Loss) from discontinued operations, net of tax	(63		)	(207		)
Net income (loss)	$	(1,408	)	$	947
Income (loss) per share from continuing operations
Basic	$	(0.25	)	$	0.22
Diluted	$	(0.25	)	$	0.21
Income (loss) per share from discontinued operations, net of tax
Basic	$	(0.01	)	$	(0.04	)
Diluted	$	(0.01	)	$	(0.04	)
Net income (loss) per share
Basic	$	(0.26	)	$	0.18
Diluted	$	(0.26	)	$	0.17
Weighted-average number of common shares (basic)	5,422			5,378
Weighted-average number of common shares (diluted)	5,447			5,408

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Contacts

SIFCO Industries, Inc.

Catherine M. Kramer, 216-881-8600

www.sifco.com