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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Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

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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Ampco-Pittsburgh Corporation (NYSE:AP ) Q4 2022 Earnings Conference Call March 21, 2023 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Michael McAuley - Senior VP, CFO and Treasurer Brett McBrayer - CEO and Director Dave Anderson - President of Air & Liquid Systems Corporation Sam Lyon - President of Union Electric Steel Corporation Conference Call Participants David Wright - Henry Investment Trust Dennis Scannel - Rutabaga Capital Management Operator Welcome to the Ampco-Pittsburgh Corporation Fourth Quarter 2022 Earnings Results Conference Call. All participants will be in a listen-only mode.

Ampco-Pittsburgh Corporation (AP) Q4 2022 Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, compared to $84.5 million and $344.9 million for the three and twelve months ended December 31, 2021, respectively.

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2022 Results

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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, March 21, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 31, 2022. 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.

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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise base prices 10-15% on all forged and cast roll products that it and its subsidiaries produce globally. This increase is effective on all new quotations and new orders. Material and energy surcharges will remain in effect.

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

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News for Ampco-Pittsburgh Stock (AP)