SIFCO Industries, Inc. announced its financial results for the third quarter of fiscal 2025, which ended June 30, 2025. The company reported a net income of $3.408 million, or $0.56 per diluted share, a significant turnaround from a net income of $0.072 million, or $0.01 per diluted share, in the prior-year period.
Net sales for the third quarter increased marginally by 0.5% to $22.095 million compared to $21.986 million in Q3 fiscal 2024. Gross profit surged by 117.4% to $5.895 million, resulting in a gross margin of 26.7%, up from 12.3% in the comparable prior-year period.
This improvement was primarily driven by a $2.7 million net benefit from the Employee Retention Credit (ERC), with $2.406 million allocated to cost of goods sold and $0.453 million to selling, general and administrative expenses. Demand for SIFCO’s products remained strong, with favorable pricing discussions expected to continue into the fourth quarter.
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