AP

Shares of Ampco-Pittsburgh Corporation AP have lost 3% since the company reported earnings for the quarter ended March 31, 2026, against the S&P 500 Index’s 1.3% gain over the same period. Over the past month, however, the stock has rallied 25.1%, significantly outperforming the S&P 500’s 7.3% rise. Ampco-Pittsburgh reported first-quarter 2026 net sales of $108.3 million compared with $104.3 million, up 3.9% year over year, driven by strong demand in its Air and Liquid Processing (ALP) segment. Net loss attributable to Ampco-Pittsburgh was $0.9 million, or 4 cents per share, against net income of $1.1 million, or 6 cents per share, in the year-ago quarter. Adjusted EBITDA declined 9.2% to $7.9 million from $8.8 million, while adjusted EBITDA margin contracted to 7.4% from 8.4%. Within segments, Forged and Cast Engineered Products (FCEP) revenue fell 2% to $70.8 million from $72.3 million, while ALP revenue climbed 17.3% to $37.5 million from $31.9 million. Adjusted operating income in FCEP dropped 31% to $5.7 million from $8.3 million a year earlier, whereas ALP posted record adjusted operating income of $5.7 million, up 52% year over year from $3.8 million. AP exited the quarter with a backlog of $345.5 million compared with $328.9 as of Dec. 31, 2025, supported by approximately $124 million in first-quarter bookings. Management said the increase was led by record order activity in the ALP segment, fueled by strong demand from power generation and defense markets. ALP continued to benefit from rising demand tied to data centers, gas turbines and nuclear infrastructure. Management highlighted that commercial pumps used in gas turbines and nuclear heat exchangers experienced strong demand trends, while U.S. Navy-related business also remained robust. Ampco-Pittsburgh noted that new manufacturing equipment installed in 2024 has already increased pump production capacity, with additional Navy-funded equipment expected to become operational during the second quarter. In the FCEP business, management said order trends improved sequentially after softness in late 2025 and early 2026. Executives cited recovering demand for large forged rolls and stronger work roll orders heading into the second and third quarters. Ampco-Pittsburgh Corporation price-consensus-eps-surprise-chart | Ampco-Pittsburgh Corporation Quote Management attributed the weaker year-over-year prof...

Image source: The Motley Fool. Tuesday, May 12, 2026, at 8:30 a.m. ET Chief Executive Officer — J. Brett McBrayer Chief Financial Officer and President, Air and Liquid Processing — David Anderson President, Forged and Cast Engineered Products — Samuel R. Lyon Need a quote from a Motley Fool analyst? Email [email protected] J. McBrayer: Thank you, Kim. Good morning, and thank you for joining our call. As reported in our press release, consolidated adjusted EBITDA for the first quarter was $8 million, down from $8.8 million the prior year. Our results reflect ramp-up costs in Sweden as well as a weaker mix in our Forged and Cast Engineered Products segment. We see ongoing progress in this segment following the 2025 slowdown with trends stabilizing as the business moves through a normalization in volumes and mix. With strong demand continuing in our Air and Liquid Processing segment, ALP achieved record adjusted EBITDA and record customer orders for the first quarter of 2026. To elaborate further on this performance, I will now turn the call over to David Anderson, Chief Financial Officer and President of our Air and Liquid segment. David Anderson: Thank you, Brett. Good morning. Tremendous start to the year for Air & Liquid as ALP set new records in customer orders and adjusted EBITDA. Q1 revenue increased 17%, driven by higher revenue in all product lines. Adjusted EBITDA in Q1 increased 52% versus prior year as higher revenue, improved manufacturing efficiencies and positive product mix drove adjusted EBITDA to the highest level in Air & Liquids history. Backlog increased $23.5 million or 19% in the quarter as customer orders increased to record levels. Customer orders were 40% higher than any prior quarter as we continue to see extremely strong demand for our custom engineered products across multiple markets. Data centers are causing increasing demand in the power generation market, which is fueling demand in both our commercial pump and nuclear heat exchanger products. Our commercial pumps are used in gas turbines, which are seeing strong growth, while we continue to be the dominant supplier of heat exchangers into the growing nuclear market. There continues to be strong demand from the U.S. Navy, and we expect this demand to continue as the Navy moves forward with fleet expansion plans. The manufacturing equipment installed in 2024 has already increased manufa...

This article first appeared on GuruFocus. Consolidated Adjusted EBITDA: $8 million, down from $8.8 million the prior year. Air & Liquid Systems Segment Revenue: Increased 17% in Q1. Air & Liquid Systems Segment Adjusted EBITDA: Increased 52% versus prior year. Forged & Cast Engineered Products Segment Net Sales: $70.8 million, compared to $72.3 million in Q1 2025. Forged & Cast Engineered Products Segment Adjusted EBITDA: $5.7 million, up from $2.3 million in Q4, down from $8.3 million in prior-year period. Q1 Net Sales: $108.3 million, an increase of 3.9% versus prior year. Backlog Increase: 5%, driven by record order activity in the Air & Liquid Systems segment. Cash on Hand: $9.2 million as of March 31, 2026. Undrawn Availability on Revolving Credit Facility: $30.8 million. Warning! GuruFocus has detected 6 Warning Signs with AP. Is AP fairly valued? Test your thesis with our free DCF calculator. Release Date: May 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ampco-Pittsburgh Corp (NYSE:AP) reported a 17% increase in Q1 revenue for the Air & Liquid segment, driven by higher revenue across all product lines. The Air & Liquid segment achieved record adjusted EBITDA and customer orders, with a 52% increase in adjusted EBITDA compared to the prior year. Backlog for the Air & Liquid segment increased by $23.5 million or 19%, with customer orders 40% higher than any prior quarter. The company is experiencing strong demand from the U.S. Navy and expects this to continue with fleet expansion plans. Ampco-Pittsburgh Corp (NYSE:AP) is well-positioned in markets showing significant long-term growth, such as data centers, power generation, and pharmaceuticals. Consolidated adjusted EBITDA for the first quarter was $8 million, down from $8.8 million the prior year, reflecting ramp-up costs in Sweden and a weaker mix in the forge and cast segment. The Forged & Cast Engineered Products segment reported a decrease in net sales to $70.8 million from $72.3 million in Q1 2025. Higher cost inventory from Q4 2025 negatively impacted the P&L due to production downtime and tariff uncertainty. The closure of the UK facility and a small steel distribution business in the U.S. resulted in relatively flat sales for the Forged & Cast segment. The company faced temporary timing issues affecting adjusted EBITDA, primarily...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Consolidated performance was impacted by ramp-up costs in Sweden and a weaker product mix in the Forged and Cast Engineered Products (FEP) segment. The Air and Liquid Processing (ALP) segment achieved record adjusted EBITDA and customer orders, fueled by data center demand in power generation and nuclear heat exchanger markets. FEP segment results were suppressed by three discrete timing items: uneven shipments of blended rolls from Sweden and China, deferred orders for high-margin large rolls due to tariff uncertainty, and the flow-through of higher-cost inventory from Q4 2025. Management notes that the U.S. Navy funding program is actively expanding manufacturing capacity, with new equipment arriving in early 2026 to support long-term fleet expansion plans. Strategic restructuring, including the closure of the U.K. facility and a U.S. distribution business, is expected to yield $7 million to $8 million in annual savings. Market dynamics are shifting favorably as two competitors exit the cast and forged roll markets, providing immediate opportunities for market share gains in Europe and South America. Management expects the remainder of 2026 to be stronger as the FEP segment moves through a normalization of volumes and the U.S. order book for large rolls recovers in Q2. The company is targeting debt reduction of approximately $8 million to $10 million over the balance of the year, supported by expectations of positive cash flow. Additional manufacturing equipment from the Navy funding program is expected to begin production in Q2 2026, with further arrivals scheduled for the second half of the year. The 2027 order book is benefiting from the normalization of the tariff landscape, which has resolved previous customer hesitation regarding U.S.-sourced products. Negotiations for 2027 orders with the company's two largest customers are expected to be finalized in Q2 and early Q3 2026. The U.S. defined benefit pension plan reached fully funded status in early 2026, leading to a shift toward a more conservative investment strategy. Tariff uncertainty in late 2025 and early 2026 caused a 35% decline in normal order volumes for large rolls, though these have since recovered. The closure of the U.K. facility resulte...

Interested in Ampco-Pittsburgh Corporation? Here are five stocks we like better. Revenue rose to $108.3 million in Q1 2026, up 3.9% year over year, but adjusted EBITDA slipped to $8 million from $8.8 million because of ramp-up costs in Sweden and weaker mix in the forged and cast engineered products business. The Air and Liquid Processing segment was the standout, with revenue up 17%, adjusted EBITDA up 52%, record customer orders, and backlog rising 19% on strong demand from data centers, nuclear, Navy, and pharmaceutical markets. Management said the Forged and Cast Engineered Products segment should improve as tariff conditions normalize, large roll orders recover, and industry consolidation supports share gains, while the company also expects $8 million to $10 million of debt reduction in 2026. 5 AI Infrastructure Stocks Smart Money Is Buying Before the Next Surge Ampco-Pittsburgh (NYSE:AP) reported higher first-quarter 2026 revenue but lower adjusted EBITDA, as strength in its Air and Liquid Processing segment was offset by mix and timing issues in its forged and cast engineered products business. Chief Executive Officer Brett McBrayer said consolidated adjusted EBITDA was $8 million for the quarter, down from $8.8 million a year earlier. He attributed the decline to “ramp-up costs in Sweden” and a “weaker mix” in the forged and cast engineered products segment, while noting that the business is showing signs of stabilization after a 2025 slowdown. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum TPG Built a Record Year, Then Lost 40%—Is the Selloff Overdone? Net sales for the quarter were $108.3 million, up 3.9% from the prior-year period, according to Chief Financial Officer David Anderson. Backlog increased 5%, driven primarily by record order activity in the Air and Liquid Processing segment. Anderson, who also serves as president of Air and Liquid Systems Corporation, said the segment had a “tremendous start to the year,” with record customer orders and record adjusted EBITDA. → MercadoLibre Boldly Invests in Growth: Discount Deepens 3 Sectors to Buy While They're Down and 1 to Walk Away From First-quarter revenue in the Air and Liquid Processing segment increased 17% from a year earlier, with higher revenue across all product lines. Adjusted EBITDA rose 52% year over year, which Anderson attributed to higher revenue, improved manufa...

CARNEGIE, Pa. (AP) — CARNEGIE, Pa. (AP) — Ampco-Pittsburgh Corp. (AP) on Tuesday reported a first-quarter loss of $867,000, after reporting a profit in the same period a year earlier. On a per-share basis, the Carnegie, Pennsylvania-based company said it had a loss of 4 cents. The steel maker posted revenue of $108.3 million in the period. Ampco-Pittsburgh shares have more than doubled since the beginning of the year. The stock has more than quadrupled in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AP at https://www.zacks.com/ap/AP

First Quarter 2026 Highlights: Net sales increased 3.9% to $108.3 million compared to first quarter 2025 Forged and Cast Engineered Products Net sales decreased 2% to $70.8 million Air and Liquid Processing Net sales increased 17% to $37.5 million Net loss attributable to Ampco of $0.9 million; $0.04 per share Adjusted EBITDA of $8.0 million with Adjusted EBITDA Margin of 7.4% Q1 customer orders of $124 million, led by strong Air & Liquid demand with steel trends stabilizing U.S. Defined Benefit Pension Plan achieved fully funded status as of February 9, 2026 CARNEGIE, Pa., May 12, 2026--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (the "Company" or "Ampco") (NYSE: AP) announced financial results for its first quarter ended March 31, 2026 ("First Quarter 2026"). "We delivered sequentially improving first‑quarter results, reflecting continued execution against our strategic priorities and strong demand and performance in our Air and Liquid Processing segment," said Brett McBrayer, CEO of Ampco‑Pittsburgh. "In Forged and Cast Engineered Products, results reflect ongoing progress following the 2025 steel industry slowdown, with trends stabilizing as the business aligns with historical volumes and mix. We are also realizing the benefits from the actions taken to optimize our operating footprint, including the closure of the U.K. plant and the ramp up of our Sweden facility, with most of those benefits expected to be realized over the balance of 2026. Our Air and Liquid Processing segment delivered record Adjusted operating income in the quarter, driven by record customer orders and favorable demand across naval defense and power generation markets. Demand conditions are improving, and our team continues to drive performance through disciplined execution and operational improvement. We remain focused on advancing our growth initiatives, strengthening our operating profile, and allocating capital to the highest‑return opportunities as we position Ampco‑Pittsburgh for sustainable long‑term value creation." First Quarter 2026 Results Net sales for the First Quarter 2026 increased 3.9% to $108.3 million, compared to $104.3 million for the prior‑year period. The increase was driven by strong growth in the Air and Liquid Processing segment compared to prior periods, reflecting higher shipment volumes across all product lines, which more than offset the modest year‑ove...

CARNEGIE, Pa., May 05, 2026--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, May 12, 2026, at 8:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2026. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 8:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To pre-register, please go to https://dpregister.com/sreg/10207763/103ac768311 Those without internet access or unable to pre-register may dial in by calling: Participant Dial-in (Toll Free): 1-844-308-3408 Participant International Dial-in: 1-412-317-5408 For those unable to listen to the live broadcast, a replay will become available on our website under the Investors menu at www.ampcopgh.com. About Ampco-Pittsburgh Corporation Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, Sweden, and Slovenia and participates in two operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters are located in Carnegie, Pennsylvania. FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by us or on behalf of Ampco-Pittsburgh Corporati...

This article first appeared on GuruFocus. Consolidated Adjusted EBITDA (Q4 2025): $3.2 million, down from $6 million in Q4 2024. Consolidated Adjusted EBITDA (Full Year 2025): $29.2 million, an improvement from the prior year. Air and Liquid Processing Segment Revenue (Q4 2025): 10% higher than prior year. Air and Liquid Processing Segment Revenue (Full Year 2025): 7% above prior year. Air and Liquid Processing Segment Adjusted EBITDA (Q4 2025): $3.3 million, down from $3.7 million in the prior year. Air and Liquid Processing Segment Adjusted EBITDA (Full Year 2025): $15.4 million, a 21% increase over prior year. Forged and Cast Engineered Products Net Sales (Q4 2025): $70.9 million, up from $66.5 million in Q4 2024. Forged and Cast Engineered Products Net Sales (Full Year 2025): $292.6 million, compared to $286.6 million in the prior year. Forged and Cast Engineered Products Adjusted EBITDA (Q4 2025): $2.2 million, down from $5.5 million in Q4 2024. Forged and Cast Engineered Products Adjusted EBITDA (Full Year 2025): $24.4 million. Net Sales (Q4 2025): $108.8 million, an increase of $7.8 million compared to Q4 2024. Net Sales (Full Year 2025): $434.2 million, an increase of $3.8 million compared to prior year. Cash on Hand (End of 2025): $10.7 million. Undrawn Credit Facility (End of 2025): $25.5 million. Warning! GuruFocus has detected 6 Warning Signs with AP. Is AP fairly valued? Test your thesis with our free DCF calculator. Release Date: March 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ampco-Pittsburgh Corp (NYSE:AP) expects to improve adjusted EBITDA by $7 million to $8 million annually after removing underperforming assets. The Air and Liquid Processing segment achieved record revenue and income for 2025, with a 21% increase in full-year adjusted EBITDA. Bookings for both operating segments have accelerated in the first two months of 2026, with a 73% increase in order activity compared to the prior year. The company is well-positioned in markets with significant long-term growth potential, such as the nuclear and US Navy markets. Ampco-Pittsburgh Corp (NYSE:AP) achieved a fully funded status for its pension plan in early 2026, indicating strong financial health. Consolidated adjusted EBITDA for the fourth quarter was $3.2 million, down from $6 million the prior year, due to a pause in...

Shares of Ampco-Pittsburgh Corporation AP have plunged 22.9% since the company reported its earnings for the quarter ended Dec. 31, 2025, underperforming the S&P 500 Index’s 0.04% loss over the same period. The weakness is even more pronounced over the past month, with the stock falling 28.3% compared with the S&P 500’s 3.9% decline. Ampco-Pittsburgh reported mixed fourth-quarter 2025 and full-year results, with revenue growth overshadowed by sharply weaker GAAP profitability due to large one-time charges. Fourth-quarter 2025 net sales rose 7.8% to $108.8 million from $100.9 million a year earlier. The company posted a net loss attributable to Ampco-Pittsburgh of $57.7 million, or $2.85 per share, against net income of $3.1 million, or $0.16 per share, in the prior-year period. For the full year, net sales increased 3.8% to $434.2 million from $418.3 million, while AP reported a net loss of $66.1 million, or $3.28 per share, against a net income of $0.4 million, or $0.02 per share, in 2024. Adjusted EBITDA fell 47.2% to $3.2 million in the quarter from $6 million a year earlier but rose 3.9% for the full year to $29.2 million from $28.1 million. The Air and Liquid Processing (ALP) segment remained the strongest part of the portfolio, with fourth-quarter 2025 revenues rising 9.8% year over year and full-year revenue increasing 7.5%. ALP generated full-year sales of $141.6 million in 2025 compared with $131.7 million in 2024. The segment also delivered record full-year adjusted EBITDA of $15.4 million, up 21% from the prior year, though fourth-quarter adjusted EBITDA dipped to $3.3 million from $3.7 million because of unfavorable product mix. In Forged and Cast Engineered Products (FCEP), fourth-quarter 2025 net sales increased 6.7% to $70.9 million from $66.5 million, while full-year sales edged up 2.1% to $292.6 million from $286.6 million. However, fourth-quarter adjusted EBITDA in that segment fell to $2.2 million from $5.5 million, hurt by fewer operating days in the United States, a heavier mix of forged engineered products relative to rolls, foreign-exchange headwinds and ramp-up costs in Sweden. Ampco-Pittsburgh Corporation price-consensus-eps-surprise-chart | Ampco-Pittsburgh Corporation Quote A key factor behind the steep net loss was the impact of large non-cash and restructuring-related charges. Ampco-Pittsburgh recorded a $42.4 million deconsolida...

4 Q and FY 2025 GAAP net loss of $57.7 million ($2.85 per share) and $66.1 million ($3.28 per share) 4Q and FY 2025 losses include non-cash after-tax expenses of $54.3 million and $63.3 million, primarily for costs related to exiting U.K. cast roll businesses and an undiscounted asbestos-related revaluation charge. Q4 2025 Adjusted EBITDA of $3.2 million versus $6.0 million prior year Full Year 2025 Adjusted EBITDA of $29.2M up 4% versus prior year Successfully exited UK cast roll facility in Q4 2025, which is expected to result in an annual positive EBITDA improvement of $7 million to $8 million. CARNEGIE, Pa., March 16, 2026--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $108.8 million and $434.2 million for the three and twelve months ended December 31, 2025, compared to $100.9 million and $418.3 million for the three and twelve months ended December 31, 2024. Both segments increased, aided by higher shipment volumes in the Air and Liquid Processing segment and despite the Forged and Cast Engineered Product segment’s shutdown of the UK cast facility and the steel distribution business in Q4 2025. The Corporation reported a net loss attributable to Ampco of $57.7 million, or $2.85 per share, for the three months ended December 31, 2025, which included $42.4 million, or $2.09 per share, net deconsolidation charge and other costs to exit the UK cast roll business and $11.9 million after tax, or $0.59 per share, for a non cash asbestos revaluation charge. The Corporation’s full year net loss attributable to Ampco was $66.1 million, or $3.28 per share, which included $52.2 million, or $2.60 per share, net deconsolidation charge and other costs to exit the UK cast roll business and a non-core steel distribution facility, as well as the non-cash asbestos revaluation charge of $11.9 million after tax, or $0.59 per share. Adjusted EBITDA of $3.2 million for the three months ended December 31, 2025 was below prior year while Adjusted EBITDA of $29.2M for the twelve months ended December 31, 2025 was above the prior year. The adjusted EBITDA for the three months ended December 31, 2025 was lower than prior year primarily driven by lower overhead absorption which was the result of a curtailment of production days due to lower demand caused by the tariff impact on the steel market, lower volume of rolls versus FEP products, and the ram...