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) – May 5, 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 May 5, 2015, SIFCO Industries, Inc. issued a press release announcing its financial results for its second fiscal quarter ended March 31, 2015. 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 May 5, 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: May 5, 2015
	/s/ Thomas R. Kubera
	Thomas R. Kubera
	Interim Chief Financial Officer and Corporate Controller
	(Principal Accounting Officer)

EX-99.1

SIFCO Industries, Inc. (“SIFCO”) Announces

Second Quarter Fiscal 2015 Financial Results

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

Second Quarter

• Net sales from continuing operations in second quarter fiscal 2015 decreased 15.3% to $24.6 million, compared to $29.0 million in second quarter fiscal 2014.

• Loss from continuing operations before income tax provision in second quarter fiscal 2015 was $1.2 million compared with income of $2.4 million in second quarter fiscal 2014.

• Loss from continuing operations for second quarter fiscal 2015 was $0.9 million, or $0.16 per diluted share, compared with income of $1.5 million, or $0.28 per diluted share, in second quarter fiscal 2014.

First Six Months

• Net sales from continuing operations in the first six months of fiscal 2015 decreased 19.8% to $44.7 million, compared to $55.7 million in the comparable period in fiscal 2014.

• Loss from continuing operations before income tax provision in the first six months of fiscal 2015 was $3.1 million compared with income of $4.0 million in the comparable period in fiscal 2014.

• Loss from continuing operations in the first six months of fiscal 2015 was $2.2 million, or $0.41 per diluted share, compared with income of $2.7 million, or $0.49 per diluted share, in the comparable period in fiscal 2014.

Chairman and CEO Michael S. Lipscomb stated, “The Company continued to experience the slow start that began in the first quarter of fiscal 2015. The energy business lost a major customer in the first quarter of fiscal 2015 due to the customer moving approximately 10% of SIFCO’s fiscal 2014 revenue to offshore resources. It is anticipated that the expected addition of C Blade will provide the breadth of product and capability to rekindle the energy business. SIFCO also experienced delay in raw material availability, which impacted revenue in the second quarter as it did during the first quarter. Availability of the needed raw material improved late in the second quarter. The Company also completed the sale of the land and building related to the Repair Group’s discontinued operations, the gain on which, was offset by the continued absorption of costs associated with enterprise-wide initiatives, a non-recurring severance payment due to the departure of a former executive officer, and costs associated to the Company’s anticipated acquisition of C Blade S.pA. As such, the above items continued to impact the bottom line. All these efforts, as previously stated, 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 potential growth of these markets."

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.

Second Quarter Ended March 31

(Amounts in thousands, expect per share data)

	Three Months Ended   March 31,						Six Months Ended   March 31,
	2015			2014			2015			2014
Net sales	$	24,615		$	29,044		$	44,695		$	55,696
Cost of goods sold	20,914			22,740			37,992			43,822
Gross profit	3,701			6,304			6,703			11,874
Selling, general and administrative expenses	4,486			3,444			8,930			6,902
Amortization of intangible assets	520			545			1,040			1,090
Loss (gain) on disposal of operating assets	2			—			2			(2		)
Operating income (loss)	(1,307		)	2,315			(3,269		)	3,884
Interest income	(3		)	(5		)	(7		)	(9		)
Interest expense	48			51			108			136
Foreign currency exchange (gain) loss, net	(48		)	(1		)	(57		)	6
Other income, net	(107		)	(108		)	(214		)	(217		)
Income (loss) from continuing operations before income tax provision (benefit)	(1,197		)	2,378			(3,099		)	3,968
Income tax provision (benefit)	(334		)	867			(894		)	1,303
Income (loss) from continuing operations	(863		)	1,511			(2,205		)	2,665
Income (loss) from discontinued operations, net of tax	799			(85		)	736			(292		)
Net income (loss)	$	(64	)	$	1,426		$	(1,469	)	$	2,373
Income (loss) per share from continuing operations
Basic	$	(0.16	)	$	0.28		$	(0.41	)	$	0.49
Diluted	$	(0.16	)	$	0.28		$	(0.41	)	$	0.49
Income (loss) per share from discontinued operations, net of tax
Basic	$	0.15		$	(0.02	)	$	0.14		$	(0.05	)
Diluted	$	0.15		$	(0.02	)	$	0.14		$	(0.05	)
Net income (loss) per share
Basic	$	(0.01	)	$	0.26		$	(0.27	)	$	0.44
Diluted	$	(0.01	)	$	0.26		$	(0.27	)	$	0.44
Weighted-average number of common shares (basic)	5,438			5,407			5,430			5,393
Weighted-average number of common shares (diluted)	5,446			5,423			5,447			5,415

Contacts

SIFCO Industries, Inc.

Thomas R. Kubera, 216-881-8600

www.sifco.com