Ampco-Pittsburg Corp Stock Price, News & Analysis

Ampco-Pittsburgh Corporation (NYSE: AP) has scheduled a conference call on November 15, 2022, at 10:30 a.m. ET to discuss its third quarter financial results for the period ending September 30, 2022. Participants can register through a provided link or dial in via toll-free numbers. A replay will be available on the company’s website following the call. Ampco-Pittsburgh manufactures specialty metal products and operates globally with facilities in the US, UK, Sweden, Slovenia, and China.

Ampco-Pittsburgh Corporation (NYSE: AP) announced that CEO J. Brett McBrayer will present at the Midwest IDEAS Investor Conference on August 24, 2022, in Chicago, IL, starting at 9:30 am CT. The presentation will be webcasted and can be accessed via the conference's website. McBrayer will also engage in one-on-one meetings during the event. For further details and archive materials, visit Ampco-Pittsburgh's Investors webpage. The IDEAS conferences aim to connect quality companies with influential investors, supported by entities managing over $200 billion in assets.

Ampco-Pittsburgh Corporation (NYSE: AP) reported Q2 2022 earnings with net sales of $102.6 million, a rise from $92.4 million in Q2 2021. Year-to-date sales reached $197.0 million compared to $179.2 million last year. Both net income and EPS increased to $0.02 for Q2 and $0.11 YTD. However, operating income saw a drop due to rising costs outpacing pricing surcharges. The company’s backlog grew by 19% YTD, with strength noted in the Air & Liquid Processing segment, despite ongoing supply chain challenges.

Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on August 11, 2022, at 10:30 a.m. ET, to discuss its financial results for the second quarter ended June 30, 2022. Participants can register via the provided link or by calling 1-844-308-3408. Pre-registration is encouraged to receive a passcode for immediate access. A replay of the call will be available on the company's website after the event. Ampco-Pittsburgh specializes in high-performance specialty metal products for various industries globally.

Ampco-Pittsburgh Corporation (NYSE: AP) announced the results of its Offer to Exercise Series A Warrants, ending on July 15, 2022. A total of 108,375 warrants were tendered, raising $193,496 in gross proceeds. The exercise price was set at $1.7856 per warrant or $4.00 per whole share. Warrants not exercised remain at $5.75 per share and $2.5668 per warrant. The Offer was part of a previously filed Tender Offer Statement with the SEC, providing details for interested parties. The Corporation specializes in high-performance specialty metal products.

Ampco-Pittsburgh Corporation (NYSE: AP) announced the preliminary results of its Offer to Exercise, which saw approximately 73,001 Series A Warrants tendered, equating to about 0.66% of the total outstanding warrants. The Offer expired on July 15, 2022, raising gross proceeds of $130,336. The number of warrants tendered is still subject to verification. The unexercised Series A Warrants remain at previous exercise prices of $5.75 per share and $2.5668 per warrant. This press release serves as an informational update and not an offer to buy or sell securities.

Ampco-Pittsburgh Corporation (NYSE: AP) has extended its Offer to Exercise for Series A Warrants to July 15, 2022. The exercise price remains at $1.7856 per warrant, equivalent to $4.00 per whole share of common stock. As of the previous deadline on June 28, 2022, 72,201 Series A Warrants had been tendered. The terms of the offer remain unchanged aside from the expiration date. Investors are encouraged to review the Tender Offer Statement for detailed terms and conditions.

Ampco-Pittsburgh Corporation (NYSE: AP) announced its participation in the virtual East Coast IDEAS Investor Conference, taking place on June 22, 2022. CEO J. Brett McBrayer will present a corporate overview at 6:00 AM ET, accessible via www.IDEASconferences.com. An archive of the webcast will be available afterward on the Corporation's investors' section at ampcopgh.com. Senior VP Michael McAuley will join in one-on-one meetings during the conference.

Ampco-Pittsburgh Corporation (NYSE: AP) has filed a Tender Offer with the SEC to temporarily reduce the exercise price of its Series A Warrants. The reduction allows holders to exercise warrants at $1.7856 each, down from $2.5668, until June 28, 2022. If fully exercised, the Company anticipates raising approximately $19.7 million for working capital and other corporate purposes. This Offer aims to encourage participation by warrant holders while providing significant financial benefits for the Corporation.