Ampco-Pittsburgh

Ampco-Pittsburgh Corp. is engaged in the manufacture and sale of custom designed engineering products. It operates through the Forged and Cast Engineered Products, and Air and Liquid Processing segments. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls and open-die forged products. Forged hardened steel rolls are used primarily in cold rolling mills by producers of steel, aluminum and other metals. The Air and Liquid Processing segment includes the Aerofin, Buffalo Air Handling, and Buffalo Pumps divisions. The company was founded in 1929 and is headquartered in Carnegie, PA.

Earnings data Q1 2021

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Ampco-Pittsburgh reports Q4 growth, faces challenges from geopolitical events

Ampco-Pittsburgh showed improved sales and operating income in Q4 2022. Pricing actions helped combat inflation, and operational rates improved globally. Challenges from geopolitical events and market softness were noted, but the company remains optimistic about future opportunities.

Ampco-Pittsburgh reports robust Q1 earnings amidst backlog growth and efficiency gains

Ampco-Pittsburgh's Q1 2023 performance reflects solid financial results, operational improvements, and strong demand across key segments.
While facing capital expenditure challenges and market uncertainties, the company's focus on efficiency and backlog growth presents opportunities for sustained success.
Strategic initiatives like the equipment modernization program and positive sales trends position Ampco-Pittsburgh for continued growth and profitability in the future.

Ampco-Pittsburgh reports solid Q2 earnings, eyes growth opportunities ahead

Ampco-Pittsburgh's Q2 earnings call highlighted strong performances, record sales growth, and positive market outlook, underscoring the company's operational resilience and growth potential.
While facing challenges in cost management and pricing strategies, the company aims to leverage opportunities in additive manufacturing, market growth, and operational efficiency.
With a transformative vision and focus on stakeholder value, Ampco-Pittsburgh is poised to navigate challenges, capitalize on opportunities, and drive sustainable growth in the future.

Ampco-Pittsburgh (AP) reports strong Q3 earnings and strategic growth

Ampco-Pittsburgh (AP) delivered positive earnings per share and strong financial results in Q3 2023, showcasing resilience and operational efficiency. The company's business segments performed well, with notable achievements in sales, backlog growth, and strategic projects.
Despite challenges in Europe, AP demonstrated its ability to navigate obstacles and capitalize on opportunities in the market. The company's focus on operational excellence and customer relationships contributed to its overall success.
Looking ahead, AP remains optimistic about its operational performance and growth prospects. By addressing challenges, leveraging strengths, and seizing opportunities, the company aims to sustain its positive momentum and drive long-term value for stakeholders.

Ampco-Pittsburgh reports mixed Q4 results, eyes growth opportunities ahead

Ampco-Pittsburgh navigated challenges in Europe but saw growth in key segments. Strategic initiatives and record sales position the company for future success. Asbestos-related costs and working capital pressures are areas of concern.

Ampco-Pittsburgh faces Q1 losses but eyes growth opportunities ahead

Ampco-Pittsburgh reported mixed financial results in Q1 2024, with revenue growth in the Air & Liquid Systems segment but a net loss for the quarter.
The company faces challenges from operational issues and a decline in total backlog, requiring strategic adjustments to improve financial performance.
Despite these challenges, Ampco-Pittsburgh remains focused on addressing market conditions, enhancing manufacturing capacity, and seizing growth opportunities.
Investors should monitor the company's efforts to overcome challenges and capitalize on opportunities for long-term value creation.

Ampco-Pittsburgh (AP) reports strong Q2 earnings, eyes growth opportunities

Ampco-Pittsburgh (AP) delivered a strong performance in Q2 2024, with notable revenue and income growth. While facing challenges in margin improvements and debt reduction, the company has opportunities for expansion and market impact. Management highlighted operational improvements and growth prospects during the earnings call.

Ampco-Pittsburgh reports Q3 income growth amidst market challenges

Ampco-Pittsburgh's Q3 performance showed improved margins and operating efficiencies, despite challenges like weaker demand in certain segments.
The company's strengths lie in backlog growth, consistent revenue in key segments, and positive market indicators.
Opportunities include additional funding for modernization and a focus on operational efficiency for future growth.

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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced that the Buffalo Air Handling Division (“Buffalo Air Handling”) of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of the Corporation, has received a $9.6 million order for a custom air handling unit project for a major healthcare provider located in the southeastern United States. Brett McBrayer, Ampco-Pittsburgh's chief

Ampco-Pittsburgh (NYSE: AP) Subsidiary Announces Customer Contract Win; Sees Significant Growth in Total Backlog

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) announced today that it is exploring the possibility of obtaining incremental capital. The Corporation is considering, among other alternatives for equity financing, amending its outstanding Series A warrants to adjust either, or both of, the exercise price or the number of shares of the Corporation's common stock for which such Series A warrants may be exercised. Ampco-Pittsburgh i

Ampco-Pittsburgh Corporation Explores Financing Alternatives

Ampco-Pittsburgh Corporation (AP) CEO Brett McBrayer on Q4 2021 Results - Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $84.5 million and $344.9 million for the three and twelve months ended December 31, 2021, compared to $87.0 million and $328.5 million for the three and twelve months ended December 31, 2020, respectively. Full year 2021 sales exceeded the prior year by 5%, principally due to higher demand from the steel distribution and oil and gas markets for forged engineered products. The decrease in sales for the

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2021 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Wednesday, March 16, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2021. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conferen

Ampco-Pittsburgh (NYSE: AP) Fourth Quarter and Fiscal Year 2021 Results Conference Call

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced that it has appointed three independent directors to its Board of Directors (the “Board”), two of whom were appointed in connection with an agreement with Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), a shareholder which currently owns approximately 5.6% of the Corporation's outstanding shares. Frederick D. DiSanto and Darrell L. McNair will jo

Ampco-Pittsburgh Appoints Three Independent Directors to the Board

Summarize disappointing results since prior article. Look at segment performance this past year.

Ampco-Pittsburg Corporation: Execution Key To Turnaround

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) today announced the appointment of David G. Anderson as President of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of Ampco-Pittsburgh, effective January 1, 2022. Mr. Anderson succeeds Terrence W. Kenny, who has served as Air & Liquid Systems' President since 2010 and has announced his retirement. Brett McBrayer, Chief Executive Off

Ampco-Pittsburgh (NYSE: AP) Announces Appointment of New Leadership for Air & Liquid Systems Corporation

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, Texas. J. Brett McBrayer, Chief Executive Officer, will present a corporate overview and update for registered investors and other conference attendees. The Corporation's presentation begins at 12:45 p.m. CT and will be webcast live on the Investor Relation

Ampco-Pittsburgh Corporation (NYSE: AP) to Present at the 13th Annual Southwest IDEAS Investor Conference on November 17th

Ampco-Pittsburgh Corporation (AP) CEO Brett McBrayer on Q3 2021 Results - Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $81.2 million and $260.4 million, respectively, for the three and nine months ended September 30, 2021, compared to $75.7 million and $241.5 million for the three and nine months ended September 30, 2020, respectively. The increase is primarily attributable to higher sales of forged engineered products to the steel distribution and energy markets and higher sal

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2021 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast roll products that it and its subsidiaries produce globally. This increase is effective immediately on all orders. The price adjustments are driven by continued upward pricing pressures on the cost of raw materials, natural gas, electricity, transportation, labor, and other consumables, increa

Ampco-Pittsburgh Subsidiaries to Increase Price on Forged and Cast Rolls

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel” or “the Corporation”), will raise prices on its forged engineered products (FEP). This increase is effective immediately on all new orders received as of October 25, 2021, or as relevant contract terms permit. The Corporation will also implement an alloy and energy surcharge on all orders shipping on or after January 1, 2022. The p

Ampco-Pittsburgh Subsidiary to Increase Price on Forged Engineered Products

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, November 4, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2021. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using t

Ampco-Pittsburgh (NYSE: AP) Third Quarter 2021 Results Conference Call

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Grammy Award-Winning Artist Miguel Launches Cannabis Beverage With Unique Tech in California

Net sales are recovering from the coronavirus pandemic crisis while margins have not fallen as much as one would expect. Iron ore prices are stabilizing after astronomically high valuations, and this should improve profitability, but copper and aluminum keep raw material costs high in the Air and Liquid Processing segment.

Ampco-Pittsburgh: A High-Risk/High-Reward Turnaround Play

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Ampco-Pittsburgh Corporation Ranked Among Today's Trending Stocks To Close September's First Trading Week

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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the virtual Midwest IDEAS Investor Conference on August 26, 2021. J. Brett McBrayer, Chief Executive Officer, will present a corporate overview and update for registered investors and other conference attendees. The Corporation's presentation will be webcast and is scheduled to be accessible at 8:00 am ET on August 25, 2021, on the IDEAS conference website a

Ampco-Pittsburgh Corporation (NYSE: AP) to Present Virtually at the 12th Annual Midwest IDEAS Investor Conference on August 26th

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Ampco-Pittsburgh Corp (AP) CEO Brett McBrayer on Q2 2021 Results - Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $92.4 million and $179.2 million, respectively, for the three and six months ended June 30, 2021, compared to $74.8 million and $165.8 million for the three and six months ended June 30, 2020, respectively. The increase is primarily attributable to higher shipments of mill rolls and higher shipments of forged engineered products. Income (loss) from operations f

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2021 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, August 10, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2021. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the fol

Ampco-Pittsburgh (NYSE: AP) Second Quarter 2021 Results Conference Call

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it has entered into an amended and restated credit agreement (the "Credit Facility") consisting of a $100 million, five-year asset-backed revolving line of credit with a $30 million accordion feature. For the Credit Facility, PNC Capital Markets LLC and F.N.B. Capital Markets served as Joint Lead Arrangers, First National Bank of Pennsylvania served as Lender and Syndication Agent, a

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Closing of Amended and Restated Credit Facility

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News for Ampco-Pittsburgh Stock (AP)