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SIF SIFCO Industries

SIFCO Industries, Inc. engages in the manufacture of forgings and machined components for the aerospace and energy markets. Its products include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters, and commercial or industrial products. The company was founded in 1913 and is headquartered in Cleveland, OH.

Company profile

Ticker
SIF
Exchange
Website
CEO
Peter W. Knapper
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
340553950

SIF stock data

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Calendar

6 May 21
3 Aug 21
30 Sep 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 311K 311K 311K 311K 311K 311K
Cash burn (monthly) 289.67K 2.83K 367K (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.2M 11.71K 1.52M n/a n/a n/a
Cash remaining -886.31K 299.29K -1.21M n/a n/a n/a
Runway (months of cash) -3.1 105.6 -3.3 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 Alayne L Reitman SIFCO Industries, Inc. Common Stock Sell Dispose S No No 10.48 1,378 14.44K 45,209
10 Mar 21 Alayne L Reitman SIFCO Industries, Inc. Common Stock Sell Dispose S No No 10.25 1,000 10.25K 46,587
16 Feb 21 Knapper Peter William SIFCO Industries, Inc. Common Stock Sell Dispose S Yes No 9.4 2,000 18.8K 0
27 Jan 21 Jeffrey P Gotschall SIFCO Industries, Inc. Common Stock Grant Aquire A No No 0 4,620 0 4,620
27 Jan 21 Hudson Smith SIFCO Industries, Inc. Common Stock Grant Aquire A No No 0 4,620 0 4,620
27 Jan 21 Norman E Jr. Wells SIFCO Industries, Inc. Common Stock Grant Aquire A No No 0 6,900 0 6,900

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

49.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 21 17 +23.5%
Opened positions 4 2 +100.0%
Closed positions 0 3 EXIT
Increased positions 8 2 +300.0%
Reduced positions 3 5 -40.0%
13F shares
Current Prev Q Change
Total value 30.86M 9.34M +230.3%
Total shares 2.95M 1.11M +165.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Carlson Janice G 1.78M $16.12M NEW
Minerva Advisors 388.65K $4.87M -13.8%
Dimensional Fund Advisors 215.16K $2.7M +9.2%
RBF Capital 175.66K $2.2M +5.7%
Renaissance Technologies 116.23K $1.46M +46.7%
FMR 61.03K $765K 0.0%
Vanguard 60.21K $755K +33.8%
Royce & Associates 45.8K $574K 0.0%
Bridgeway Capital Management 35.02K $439K +118.6%
Geode Capital Management 21.93K $274K NEW
Largest transactions
Shares Bought/sold Change
Carlson Janice G 1.78M +1.78M NEW
Minerva Advisors 388.65K -62.17K -13.8%
Renaissance Technologies 116.23K +37K +46.7%
Geode Capital Management 21.93K +21.93K NEW
Bridgeway Capital Management 35.02K +19K +118.6%
Dimensional Fund Advisors 215.16K +18.05K +9.2%
Vanguard 60.21K +15.22K +33.8%
Citadel Advisors 13.78K +13.78K NEW
MS Morgan Stanley 253 -9.88K -97.5%
RBF Capital 175.66K +9.54K +5.7%

Financial report summary

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Risks
  • Government spending priorities and terms may change in a manner adverse to our business.
  • Failure to retain existing contracts or win new contracts under competitive bidding processes may adversely affect our sales.
  • The Company may not receive the full amounts estimated under the contracts in our total backlog, which could reduce our sales in future periods below the levels anticipated, and which makes backlog an uncertain indicator of future operating results.
  • SIFCO business is dependent on a small number of direct and indirect customers.
  • The Company's failure to identify, attract and retain qualified personnel could adversely affect our existing business, financial condition and results of operations.
  • The Company's business could be negatively affected by cybersecurity threats, information systems interruptions, intrusions or new software implementations and other disruptions.
  • SIFCO relies on our suppliers to meet the quality or delivery expectations of our customers.
  • Failure to perform by our subcontractors could materially and adversely affect our contract performance and its ability to obtain future business.
  • The Company's future success depends on the ability to meet the needs of its customer requirements in a timely manner.
  • The Company faces certain significant risk exposures and potential liabilities that may not be covered adequately by insurance or indemnity.
  • The Company's business is subject to risks associated with international operations.
  • We operate in a highly competitive and price sensitive industry, and customer pricing pressures could reduce the demand and/or price for our products and services.
  • The Company uses estimates when pricing contracts and any changes in such estimates could have an adverse effect on our profitability and our overall financial performance.
  • Our technologies could become obsolete, reducing our revenues and profitability.
  • If the Company fails to maintain an effective system of internal control over financial reporting, it may not be able to accurately or timely report its financial results. As a result, current and potential shareholders could lose confidence in the Company's financial reporting, which would harm the business and the trading price of its common stock.
  • Labor disruptions by our employees could adversely affect our business.
  • Global economic conditions may adversely impact our business, operating results or financial condition.
  • Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility.
  • If we do not meet the standards for forgiveness of our PPP Loan, we may be required to repay the loan over a period of two years.
  • The funding and costs associated with our pension plans and significant changes in key estimates and assumptions, such as discount rates and assumed long-term returns on assets, actual investment returns on our pension plan assets, and legislative and regulatory actions could affect our earnings, equity and contributions to our pension plans in future periods.
  • Market volatility and adverse capital or credit market conditions may affect our ability to access cost-effective sources of funding and may expose SIFCO to risks associated with the financial viability of suppliers.
  • A write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth.
  • Our business is subject to risks associated with widespread public health crises, including the current COVID-19 pandemic.
  • The price of our common stock may fluctuate significantly.
  • Unanticipated changes in our tax provisions or exposure to additional income tax liabilities could affect our profitability and cash flow.
  • Damage or destruction of our facilities caused by storms, earthquakes or other causes could adversely affect our financial results and financial condition.
  • The occurrence of litigation where we could be named as a defendant is unpredictable.
  • Our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs.
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • SIFCO is engaged in the production of forgings and machined and sub-assembled components primarily for the A&E markets. The processes and services include forging, heat-treating and machining. The Company operates under one business segment.
  • When planning and evaluating its business operations, the Company takes into consideration certain factors, including the following: (i) the projected build rate for commercial, business and military aircraft, as well as the engines that power such aircraft; (ii) the projected build rate for industrial steam and gas turbine engines; and (iii) the projected maintenance, repair and overhaul schedules for commercial, business and military aircraft, as well as the engines that power such aircraft.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: applied, delay, Hellfire, missile, mortgage, rapidly, refinance, scheduled, unabsorbed, utility, widespread