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Ampco-Pittsburgh Corp. - AP STOCK NEWS

Welcome to our dedicated news page for Ampco-Pittsburgh (Ticker: AP), a resource for investors and traders seeking the latest updates and insights on Ampco-Pittsburgh.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ampco-Pittsburgh's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ampco-Pittsburgh's position in the market.

Rhea-AI Summary
Ampco-Pittsburgh (NYSE: AP) reported a 16% increase in Q4 2023 sales and an 8% increase in full-year 2023 sales compared to the previous year. The Air and Liquid Processing segment saw a significant sales increase of 35% for Q4 2023 and 31% for full year 2023. However, the company reported a full-year loss of $34.6 million, including a $40.9 million non-cash asbestos-related charge. The conclusion of the U.S. forged business equipment modernization program is expected in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.29%
Tags
earnings
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Rhea-AI Summary
Ampco-Pittsburgh Corporation (NYSE: AP) will host a conference call on March 26, 2024, to discuss Q4 2023 financial results. Participants can pre-register for immediate access using a unique PIN.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
earnings
-
Rhea-AI Summary
Ampco-Pittsburgh Corporation (NYSE: AP) reported an EPS of $0.04 for Q3 2023 and $0.10 for 2023 YTD. The company's operating income was $1.7 million for Q3 2023 and $7.0 million 2023 YTD, marking a significant increase from the prior year. The Air and Liquid Processing segment experienced an 18% sales increase for Q3 2023 and a 29% increase for 2023 YTD compared to the prior year. The U.S. forged business equipment modernization project is on track for completion in Q4 2023. The net sales for the three and nine months ended September 30, 2023, were $102.2 million and $314.2 million, respectively, compared to $99.6 million and $296.7 million for the same periods in 2022. This increase is primarily due to higher shipments for the Air and Liquid Processing segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
earnings
Rhea-AI Summary
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on November 14, 2023, at 10:30 a.m. ET to discuss its financial results for the third quarter ended September 30, 2023. Participants can register and pre-register for the conference call using the provided link. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.97%
Tags
earnings
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Rhea-AI Summary
Ampco-Pittsburgh Corporation to present at Midwest IDEAS Investor Conference on August 24, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
conferences
Rhea-AI Summary
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on August 10, 2023, to discuss its financial results for Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
Tags
earnings
-
Rhea-AI Summary
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on May 16, 2023, at 10:30 a.m. ET to discuss its Q1 2023 financial results. Participants can register using the provided link or dial-in number. Pre-registering allows immediate access to the call. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
none
Ampco-Pittsburgh Corp.

NYSE:AP

AP Rankings

AP Stock Data

41.92M
14.81M
25.72%
50.11%
2.72%
Pump and Pumping Equipment Manufacturing
Manufacturing
Link
United States
Carnegie

About AP

ampco-pittsburgh corporation was incorporated in pennsylvania in 1929 and is listed on the new york stock exchange (symbol ap). the corporation classifies its businesses in two segments: forged and cast engineered products and air and liquid processing. the corporation is headquartered in carnegie, pennsylvania with subsidiary locations worldwide including sweden, slovenia, and china.