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) will hold a conference call on November 4, 2021, at 10:30 a.m. ET to discuss its third-quarter financial results for the period ending September 30, 2021. Participants can register via a provided link or by calling 1-844-308-3408 at least five minutes prior to the start. A replay will be accessible on the company's website post-event. The corporation manufactures specialty metal products, including forged and cast rolls for the steel and aluminum industries, with operations across several countries.
Ampco-Pittsburgh Corporation (NYSE: AP) will present at the virtual Midwest IDEAS Investor Conference on August 26, 2021. CEO J. Brett McBrayer is scheduled to provide a corporate overview at 8:00 am ET on August 25, accessible on the IDEAS conference website. The presentation will be archived on the Corporation's website afterward. Additionally, Mr. McBrayer and CFO Michael McAuley will participate in one-on-one investor meetings. For more information on participation, interested parties can contact Lacey Wesley.
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $92.4 million for Q2 2021, up from $74.8 million in Q2 2020, and $179.2 million for the first half of 2021, compared to $165.8 million in 2020. Operating income was $0.5 million for Q2 and $1.4 million for the first half, though the latter saw a decline due to increased raw material costs and a less favorable sales mix. Basic earnings per share rose to $0.06 for Q2. Despite challenges in supply chain and production, the company anticipates a full sales recovery by 2022.
Ampco-Pittsburgh Corporation (NYSE: AP) will conduct a conference call on August 10, 2021, at 10:30 a.m. ET to discuss second-quarter financial results ending June 30, 2021. Interested participants can register via the provided link or by calling 1-844-308-3408 at least five minutes before the start time. Pre-registered callers will receive a passcode for immediate access. A replay of the call will be available one hour after it concludes on the company's website. Ampco-Pittsburgh specializes in manufacturing high-performance specialty metal products globally.
Ampco-Pittsburgh Corporation (NYSE: AP) has announced an amended and restated credit agreement providing a $100 million revolving line of credit, with a $30 million accordion feature. The credit facility, arranged by PNC Capital Markets and F.N.B. Capital Markets, aims to enhance the corporation's liquidity, support market recovery, and facilitate capital expenditures for plant modernization. Senior VP, Michael McAuley, expressed satisfaction with the agreement, highlighting its benefits of increased lending capacity and lower costs, reinforcing the corporation's solid liquidity position.
Ampco-Pittsburgh Corporation (NYSE: AP) announced its participation in the virtual East Coast IDEAS Investor Conference on June 16, 2021. CEO J. Brett McBrayer will present a corporate overview at 8:00 am EDT. The presentation will be available via webcast on the IDEAS conference website, with archived materials accessible on the Corporation's site afterward. Additionally, McBrayer and CFO Michael McAuley will hold virtual one-on-one meetings for investors interested in learning more. For further inquiries about the IDEAS conferences, contact Lacey Wesley.
Ampco-Pittsburgh Corporation (NYSE: AP) will present at the G.research May Microcap Symposium on May 18, 2021. CEO J. Brett McBrayer will give an overview and participate in a live Q&A session at 1:00 PM ET. Investors can access the live webcast through the Corporation's website or via a provided link. Additionally, McBrayer and CFO Michael McAuley will engage in virtual one-on-one meetings with attendees. This event highlights Ampco-Pittsburgh's commitment to transparency and investor engagement.
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $86.8 million for Q1 2021, down from $91.1 million in Q1 2020, primarily due to reduced shipments of mill rolls. Income from operations fell to $0.9 million from $4.4 million, impacted by lower production and increased raw material costs. Earnings per share decreased to $0.01 from $0.33 year-over-year. The company anticipates improved order activity in the second half of the year and is investing in capital equipment, which may enhance future profitability.
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on May 7, 2021, at 10:30 a.m. ET to discuss its first-quarter financial results for the period ending March 31, 2021. Participants can register via the provided link or by dialing 1-844-308-3408 at least five minutes before the call. Pre-registration allows immediate access with a conference passcode. A replay will be available on the company's website following the event. Ampco-Pittsburgh specializes in engineered metal products for various industries globally.
Ampco-Pittsburgh Corporation (NYSE: AP) reported net income of $2.2 million, or $0.12 per share, for Q4 2020, down from $3.1 million or $0.24 per share in the same quarter of 2019. For the full year, net income was $8.0 million, or $0.56 per share, compared to a net loss of $(21.0) million in 2019. Sales from continuing operations decreased by 10% in Q4 and 17% for the year, totaling $87.0 million and $328.5 million, respectively. CEO Brett McBrayer expressed cautious optimism for future order activity as the company adapts to pandemic challenges.
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