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) – January 31, 2017

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 January 31, 2017, SIFCO Industries, Inc. issued a press release announcing its financial results for its first fiscal quarter ended December 31, 2016. 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 January 31, 2017.

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: January 31, 2017
	/s/ Salvatore Incanno
	Salvatore Incanno
	Vice President – Finance and Chief Financial Officer
	(Principal Financial Officer)

EX-99.1

SIFCO Industries, Inc. (“SIFCO”) Announces

First Quarter Fiscal 2017 Financial Results

Cleveland - SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its first quarter of fiscal 2017, which ended December 31, 2016.

First Quarter

• Net sales from operations in the first quarter of fiscal 2017 increased 15.9% to $31.5 million, compared with $27.2 million in the first quarter of fiscal 2016.

• Loss from operations before income tax expense in the first quarter of fiscal 2017 was $2.3 million compared with a loss from operations before income tax benefit of $4.5 million in the first quarter of fiscal 2016.

• Net loss from operations for the first quarter of fiscal 2017 and 2016 were $2.6 million, or ($0.48) per diluted share, respectively.

President and CEO Peter W. Knapper stated, "In the first quarter, we nearly doubled gross profit as compared to Q1 of 2016, while increasing revenue. We will continue to focus on operations excellence as we size our business model to meet and exceed our customer’s expectations. We have implemented the new Sales Organization structure as announced on November 30, 2016 with the goal of reaching our target markets as effectively as possible. We will continue to make the organization and operational changes needed in order to move forward to improve profitability.”

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, 2016 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,
	2016			2015
Net sales	$	31,473		$	27,161
Cost of goods sold	27,305			25,053
Gross profit	4,168			2,108
Selling, general and administrative expenses	5,303			5,620
Amortization of intangible assets	592			714
(Gain) loss on disposal of operating assets	(6		)	2
Operating loss	(1,721		)	(4,228		)
Interest income	(14		)	(9		)
Interest expense	678			408
Foreign currency exchange loss, net	4			14
Other income, net	(107		)	(107		)
Loss from operations before income tax expense (benefit)	(2,282		)	(4,534		)
Income tax expense (benefit)	327			(1,936		)
Net loss	$	(2,609	)	$	(2,598	)
Net loss per share
Basic	$	(0.48	)	$	(0.48	)
Diluted	$	(0.48	)	$	(0.48	)
Weighted-average number of common shares (basic)	5,467			5,452
Weighted-average number of common shares (diluted)	5,467			5,452

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Contacts

SIFCO Industries, Inc.

Salvatore Incanno, 216-881-8600

www.sifco.com