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Business Information
12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Business Information Business Information
The Company identifies itself as one operating segment, SIFCO, which is a manufacturer of forgings and machined components for the A&E markets.
Geographic net sales are based on location of customer. The United States of America is the single largest country for unaffiliated customer sales, accounting for 77% and 74% of consolidated net sales in fiscal 2024 and 2023, respectively. No other single country represents greater than 10% of consolidated net sales in fiscal 2024 and 2023. Net sales to unaffiliated customers located in various European countries accounted for 8% and 9% of consolidated net sales in fiscal 2024 and 2023, respectively. Net sales to unaffiliated customers located in various Asian countries accounted for 8% and 9% of consolidated net sales in fiscal 2024 and 2023, respectively. Other North American countries represent 6% and 8% of consolidated net sales in fiscal 2024 and 2023, respectively.
All of the Company’s continuing operations and identifiable assets not held for sale are located within the United States.
20242023
Long-Lived Assets
United States$43,437 $47,549 
At September 30, 2024, approximately 90 of the hourly plant personnel are represented by two separate collective bargaining agreements. The table below shows the expiration dates of the collective bargaining agreements.
Plant locationsExpiration date
Cleveland, Ohio (unit 1)May 15, 2025
Cleveland, Ohio (unit 2)March 31, 2025
The Company is a party to collective bargaining agreements (“CBA”) with certain employees located in Cleveland, which has two bargaining units. The Company’s Cleveland bargaining unit 1 ratified its CBA in fiscal 2020. The second bargaining unit, under its new representative the International Brotherhood of Boilermakers, was ratified in fiscal 2022.