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 Corp (NYSE: AP) delivers specialized engineered metal products and industrial processing solutions through its two core segments: Forged/Cast Engineered Products and Air/Liquid Processing systems. This news hub provides comprehensive coverage of the company's operational developments and financial milestones.
Key resources for stakeholders include earnings announcements, product innovation updates, and strategic partnership disclosures. Our curated collection features official press releases alongside third-party analysis of AP's role in metal processing and heavy manufacturing sectors.
Regular updates cover critical areas including forged steel roll production, industrial air systems development, and global manufacturing expansions. Track operational updates from AP's facilities in Pennsylvania, Europe, and Asia through verified news sources.
Bookmark this page for streamlined access to AP's latest corporate communications. Check back frequently updated coverage of this industrial manufacturer's technical advancements and market positioning.
Ampco-Pittsburgh Corporation (NYSE: AP) reported a full-year EPS of $0.18 and Q4 2022 sales of $93.5 million, up 11% compared to Q4 2021.
For the full year, sales increased 13% to $390.2 million, driven by improved pricing and demand for mill rolls and custom air handlers.
Net income for 2022 was $3.4 million, contrasting with a net loss of $3.9 million in 2021. The backlog rose 26% year-over-year, with significant gains in Air & Liquid Processing.
Changes in inventory valuation to FIFO method benefited financial comparability, with a cumulative adjustment reducing retained deficit by $11.5 million.
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on March 21, 2023, at 10:30 a.m. ET, to discuss its fourth-quarter financial results for the period ending December 31, 2022. Participants can register via a link or call 1-844-308-3408 at least five minutes prior to the start time. A replay of the call will be available on the company's website shortly after the conclusion of the event. Ampco-Pittsburgh manufactures high-performance specialty metal products through its subsidiary, Union Electric Steel Corporation, and operates internationally with facilities in the U.S., England, Sweden, and Slovenia.
Ampco-Pittsburgh Corporation (NYSE: AP) announced a 10-15% price increase on all forged and cast roll products globally through its subsidiary, Union Electric Steel Corporation. This adjustment is effective immediately for new orders and quotations, aiming to counterbalance escalating costs driven by inflation. Skip Reinert, Vice President of Sales and Marketing, cited a dramatic rise in costs across the metals industry, prompting this necessary price rise to ensure product quality and supply reliability.
FAQ
What is the current stock price of Ampco-Pittsburg (AP)?
What is the market cap of Ampco-Pittsburg (AP)?
