Discontinued Operations

12 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

The Company committed to the plan to sell CBlade in August 2024 in order to streamline operational synergies and refocus on its core aerospace forging entities. On August 1, 2024, the Company’s Board of Directors approved, and management executed a share purchase agreement (the “SPA”), under which SIFCO Irish Holdings, Ltd., a wholly owned subsidiary of the Company, entered into an agreement to sell 100% of the share capital of CBlade, to TB2 S.r.l. (the “Buyer”) totaling an enterprise value of €20,000, less debt, for cash consideration of €13,800 in net equity value at closing, subject to adjustments for changes in working capital and certain other items.(the “CBlade Sale”). The Company determined that CBlade met the criteria for classification as assets held for sale upon the aforementioned events, and, based on the significance of the disposed operations (i.e., strategic shift), CBlade represented discontinued operations upon the classification of the CBlade assets and liabilities as held for sale.

In October 2024, upon regulatory approval, the Company completed the CBlade Sale and received cash consideration of approximately $14,408, net of transaction costs of $530. The Company does not expect to have any significant continuing involvement with CBlade after the sale. All operating activities prior to the disposal date were included in the Company's financial statements separately as discontinued operations, including income before income tax provision, gain from the sale CBlade (i.e., cash proceeds received less net assets transferred), and the release of accumulated other comprehensive income (loss) attributable to the Company's European operations.

Due to the CBlade Sale, the Company ceased manufacturing operations within the European market, as CBlade represented the

last remaining facility in this region. Prior to the transaction, CBlade was directly owned by SIFCO Irish Holdings Inc., a wholly-owned subsidiary of the Company incorporated in Ireland (“Irish Holdings”), which historically acted as the holding company for the Company's international operations. With the disposal of CBlade, the Company determined that its European operations represented a substantially complete liquidation. Therefore, $5,851 of cumulative translation adjustment loss attributable to these operations (related to Irish Holdings) was recognized in the statement of operations as a component of the gain on sale of discontinued operations upon the loss of a controlling financial interest in CBlade, which represented in excess of 90% of the assets of the Company's European operations.

The principal components of the assets and liabilities related to discontinued operations classified as held for sale for the periods presented were as follows:

	September 30,
		2024
ASSETS
Current assets:
Cash and cash equivalents		$	1,009
Short-term investments		1,114
Receivables, net		6,259
Inventories, net		6,185
Prepaid expenses and other current assets		1,400
Total current assets		15,967
Property, plant and equipment, net		6,625
Operating lease right-of-use assets, net		113
Intangible assets, net		126
Total assets held for sale		$	22,831
LIABILITIES
Current liabilities:
Current maturities of long-term debt		$	3,843
Short-term operating lease liabilities		40
Accounts payable		2,770
Accrued liabilities		3,405
Total current liabilities		10,058
Long-term debt, net		3,536
Long-term operating lease liabilities		71
Deferred income taxes, net		1
Pension liability		282
Total liabilities held for sale		$	13,948

A summary of the operating results for the discontinued operations is as follows:

	Years Ended September 30,
	2025		2024
Net sales	$	622	$	24,705
Cost of sales	348		18,868
Interest expense net	15		507
Income from discontinued operations before income tax provision	214		3,132
Loss on sale of discontinued operations before income tax benefit	(11)		—
Income tax benefit	(1)		(111)
Income from discontinued operations, net of tax	$	204	$	3,243

A summary of the cash flows for the discontinued operations is as follows:

	Years Ended September 30,
	2025		2024
Net cash provided by operating activities from discontinued operations	$	5	$	1,373
Net cash provided by (used for) investing activities from discontinued operations	14,358		(1,411)
Net cash provided by financing activities of discontinued operations	356		1,081
Effects of exchange rate changes on cash and cash equivalents	(35)		(381)