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 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.
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on March 18, 2021, at 10:30 a.m. ET to discuss its financial results for the fourth quarter and fiscal year ending December 31, 2020. The earnings press release is expected on March 17, 2021. Interested participants can register here or dial 1-844-308-3408. For those unable to join live, a replay will be available on the company's website after the call.
Ampco-Pittsburgh Corporation (NYSE: AP) reported a net income of $1.0 million ($0.07 per diluted share) for Q3 2020, a significant recovery from a net loss of $(5.1) million in Q3 2019. For the nine months ending September 30, 2020, net income was $5.8 million ($0.43 per diluted share), up from a loss of $(24.1) million in the prior year. Sales declined to $75.7 million for Q3, down from $90.9 million, primarily due to pandemic-related shipment delays. The company's debt was reduced by 54% to $32.6 million, and improved operating results were reported in the Forged and Cast Engineered Products segment.
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on November 17, 2020, at 10:30 a.m. ET to discuss its third-quarter financial results for the period ending September 30, 2020. The earnings press release will be issued on November 16, 2020. Participants can register for the conference call via a provided link or by calling 1-844-308-3408. A replay will be available on their website after the event. Ampco-Pittsburgh specializes in high-performance specialty metal products for various industries, with production facilities worldwide.
Ampco-Pittsburgh Corporation (NYSE: AP) announced its upcoming presentation at the Sidoti Virtual Microcap Conference on November 19, 2020. CEO J. Brett McBrayer will deliver a corporate overview at 10:00 AM ET, followed by a live Q&A session. Investors can access the live webcast through the provided link or from the Corporation's website. Additionally, McBrayer and CFO Michael McAuley will engage in virtual one-on-one meetings with investors. The company manufactures specialty metal products utilized globally across various industries, including steel and aluminum.
Ampco-Pittsburgh Corporation (NYSE: AP) announced the successful completion of its equity rights offering, raising $19.3 million in gross proceeds. The funds will strengthen its balance sheet, reduce debt, and support capital expenditures for improved long-term profitability. Shareholders received common stock and Series A warrants, allowing them to purchase additional shares at an exercise price of $2.5668 per warrant, equating to $5.75 per whole common share. The company expresses gratitude for shareholder support and has provided an FAQ for warrant exercise on its website.