Welcome to our dedicated page for Ampco-Pittsburg news (Ticker: AP), a resource for investors and traders seeking the latest updates and insights on Ampco-Pittsburg stock.
Ampco-Pittsburgh Corporation (NYSE: AP) news covers a specialty manufacturing company that produces engineered metal products and air and liquid processing equipment for industrial customers worldwide. Through its operating subsidiary Union Electric Steel Corporation, the company is a producer of forged and cast rolls for the global steel and aluminum industries and open-die forged products sold to the steel distribution market, oil and gas industry, and aluminum and plastic extrusion industries. It also manufactures custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps, linking AP news closely to developments in specialty metals and pump and pumping equipment manufacturing.
The AP news feed typically features quarterly earnings releases and financial summaries, where Ampco-Pittsburgh reports segment performance, shipment trends, and the impact of factors such as tariffs, manufacturing costs, and restructuring activities. These updates often include discussions of non-GAAP measures like adjusted EBITDA and adjusted income from operations, providing additional context on underlying operating performance beyond GAAP results.
Investors following AP news will also see announcements about operational changes, such as the accelerated exit from the company’s U.K. cast roll operations through administration of its U.K. subsidiary, and related expectations for improvements in adjusted EBITDA and operating income. Other recurring news items include credit facility agreements and amendments, which describe the structure of Ampco-Pittsburgh’s revolving credit and term loan arrangements, and warrant-related notices, such as the expiration and delisting of its Series A warrants.
In addition, Ampco-Pittsburgh regularly announces participation in investor conferences and virtual presentations, along with leadership and CFO transition updates disclosed through both press releases and Form 8-K filings. For investors and analysts tracking AP, this news page offers a centralized view of earnings announcements, capital structure developments, restructuring milestones, and corporate governance updates. Bookmark this page to quickly access the latest AP headlines, official statements, and context around the company’s specialty metal and pumping-related operations.
Ampco-Pittsburgh Corporation (NYSE: AP) reported Q2 2025 financial results with net sales of $113.1 million, up from $111.0 million in Q2 2024. The company recorded a net loss of $7.3 million ($0.36 per share), including a $6.8 million charge for exiting U.K. cast roll operations.
Key highlights include Adjusted EBITDA of $8.0 million in Q2 2025, down $2.1 million year-over-year, and $16.8 million year-to-date. The company expects at least $5 million per year operating income improvement post-U.K. exit. Tariff volatility negatively impacted roll demand and order intake, with backlog declining 9% from Q1 2025.
Ampco-Pittsburgh Corporation (NYSE: AP) has scheduled its second quarter 2025 earnings conference call for August 13, 2025, at 10:30 a.m. Eastern Time. The call will discuss financial results for the quarter ended June 30, 2025.
Participants can pre-register through a provided link or dial in directly using toll-free number 1-844-308-3408 for US callers or 1-412-317-5408 for international participants. A replay will be available on the company's website under the Investors menu.
Ampco-Pittsburgh is a manufacturer of specialty metal products and customized equipment, primarily producing forged and cast rolls for steel and aluminum industries through its subsidiary Union Electric Steel Corporation. The company operates facilities across the US, England, Sweden, and Slovenia, with joint ventures in China.
Ampco-Pittsburgh Corporation (NYSE: AP) has issued an important reminder regarding its Series A warrants (NYSE American: AP WS) expiration. The warrants will expire on August 1, 2025, at 5:00 p.m. New York time. Trading of these warrants on NYSE American will be suspended before market opening on July 31, 2025, to ensure all trades settle in time for warrant holders to exercise their rights before expiration.
The Corporation, through its subsidiary Union Electric Steel Corporation, is a leading manufacturer of forged and cast rolls for global steel and aluminum industries. It operates facilities across the United States, England, Sweden, and Slovenia, with three joint ventures in China.
Ampco-Pittsburgh Corporation (NYSE: AP) has secured an amended and restated credit facility comprising a $100 million five-year asset-backed revolving line of credit and a $13.5 million term loan. The term loan proceeds were used to reduce revolving credit borrowings at closing.
The facility was arranged by PNC Capital Markets LLC and F.N.B. Capital Markets, with PNC Bank serving as Agent. The restructured credit facility offers increased lending capacity and enhanced flexibility to support the company's global working capital requirements.
Ampco-Pittsburgh Corporation (NYSE: AP) has scheduled its first quarter 2025 earnings conference call for Tuesday, May 13, 2025, at 10:30 a.m. Eastern Time. The call will discuss financial results for Q1 ended March 31, 2025. Participants can pre-register through a provided link or dial in directly using toll-free (1-844-308-3408) or international (1-412-317-5408) numbers.
Ampco-Pittsburgh is a manufacturer of specialty metal products and customized equipment, primarily producing forged and cast rolls for global steel and aluminum industries through its subsidiary Union Electric Steel Corporation. The company operates facilities in the US, England, Sweden, and Slovenia, with joint ventures in China and sales offices across North America, Asia, Europe, and the Middle East.
Ampco-Pittsburgh (NYSE: AP) reported mixed financial results for Q4 and full year 2024. The company achieved earnings per share of $0.16 in Q4 and $0.02 for the full year, with operating cash flows of $7.5M in Q4 and $18.0M for 2024.
Key highlights include:
- Net sales of $100.9M in Q4 (down from $108.1M in Q4 2023) and $418.3M for 2024 (down from $422.3M in 2023)
- Record sales in Air and Liquid Processing segment, up 6.5% in Q4 and 11% for the full year
- Non-GAAP adjusted income from operations of $8.0M for 2024, improving $3.7M vs 2023
- $4.1M non-cash asbestos-related revaluation benefit in Q4 2024
The company is exploring options to address losses in underutilized cast roll operations, particularly in the UK facility where operating losses exceed $5M annually due to depressed market conditions and high energy costs.
Ampco-Pittsburgh (NYSE: AP) has announced an immediate base price increase of 6-8% on all forged and cast products produced globally by its subsidiary Union Electric Steel and its subsidiaries. The price adjustment is necessitated by inflationary cost increases in labor, healthcare, mill supplies, and elements not covered by existing surcharges.
The company will maintain its current material and energy surcharges alongside the new base price increase. Union Electric Steel's Vice President of Sales & Marketing, Skip Reinert, emphasized that this adjustment is essential to maintain reliable supply and superior product quality for customers.
Ampco-Pittsburgh manufactures specialized metal products and customized equipment through facilities in the United States, England, Sweden, and Slovenia, with three joint ventures in China and sales offices across North America, Asia, Europe, and the Middle East.
Ampco-Pittsburgh (NYSE: AP) has announced its upcoming fourth quarter 2024 financial results conference call, scheduled for March 13, 2025, at 10:30 a.m. Eastern Time. Participants can pre-register through a provided link or dial in directly using toll-free and international numbers.
The company, headquartered in Carnegie, Pennsylvania, is a manufacturer of specialized metal products and customized equipment. Through its subsidiary Union Electric Steel , it produces forged and cast rolls for global steel and aluminum industries, along with open-die forged products. The also manufactures air and liquid processing equipment, with operations across the United States, England, Sweden, Slovenia, and joint ventures in China.
Ampco-Pittsburgh (NYSE: AP) announced its Q3 2024 results. Net sales for the quarter were $96.2 million, down from $102.2 million in Q3 2023. Year-to-date net sales rose to $317.4 million from $314.2 million in 2023. Operating income was $1.9 million for Q3 2024, slightly up from $1.7 million in Q3 2023, driven by improved margins in Forged and Cast Engineered Products despite lower shipment volumes. The U.S. forged business saw significant improvements due to new equipment, offsetting weak cast roll demand. The net loss for Q3 2024 was $(2.0) million or $(0.10) per diluted share, compared to net income of $0.8 million or $0.04 per diluted share in Q3 2023. The increase in interest expense and a higher income tax provision contributed to the net loss. CEO Brett McBrayer highlighted the impact of seasonal plant shutdowns and pricing actions in the roll business. The Air and Liquid Processing segment saw year-to-date sales growth but faced challenges from an unfavorable product mix and higher costs.