Ampco-Pittsburgh (NYSE:AP) Announces Quarterly Earnings Results

Ampco-Pittsburgh (NYSE:AP) released its earnings results on Tuesday. The industrial products company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01), FiscalAI reports. The business had revenue of $97.90 million for the quarter, compared to analysts’ expectations of $84.90 million. Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%.

Here are the key takeaways from Ampco-Pittsburgh’s conference call:

• Profitability improved substantially: Q2 net income was $1.5 million, or $0.07 per share, versus a $7.3 million loss in the prior-year quarter. Adjusted EBITDA rose 22% to $9.8 million, with margins expanding 240 basis points to 9.5%.
• Demand strengthened across both segments, with customer orders up approximately 50% year over year and backlog rising 12% sequentially to $385.4 million, including orders extending into the second half of 2026 and 2027.
• Air and Liquid Systems delivered record adjusted EBITDA for the first half, supported by improved manufacturing efficiency, favorable product mix, and demand tied to data centers, gas turbines, nuclear power, the U.S. Navy, and pharmaceutical and healthcare facilities.
• Forged and Cast Engineered Products adjusted EBITDA increased 15% year over year and 36% sequentially as U.S. roll shipments recovered, Sweden returned to profitability, and tariff protections reduced imports. Management expects the second half of 2026 to be significantly stronger than the first half.
• Q2 revenue declined to $102.9 million from $113.1 million, primarily because of the U.K. facility closure and exit from the Alloys Unlimited distribution business. Third-quarter results will also face normal U.S. maintenance and European summer shutdowns, while liquidity stood at $7 million of cash and $29 million of undrawn revolver availability.

Ampco-Pittsburgh Price Performance

AP opened at $10.04 on Wednesday. The stock has a fifty day moving average price of $9.15 and a 200 day moving average price of $8.86. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 2.42. Ampco-Pittsburgh has a 1 year low of $1.75 and a 1 year high of $12.81. The stock has a market cap of $204.11 million, a price-to-earnings ratio of -2.99 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Ampco-Pittsburgh from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ampco-Pittsburgh currently has an average rating of “Sell”.

Insider Activity

In related news, insider Samuel Lyon sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $9.82, for a total value of $93,290.00. Following the completion of the sale, the insider owned 181,233 shares of the company’s stock, valued at approximately $1,779,708.06. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brett Mcbrayer bought 3,300 shares of Ampco-Pittsburgh stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of $9.03 per share, with a total value of $29,799.00. Following the completion of the purchase, the chief executive officer directly owned 557,694 shares of the company’s stock, valued at approximately $5,035,976.82. The trade was a 0.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 23.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AP. Marshall Wace LLP acquired a new position in Ampco-Pittsburgh during the fourth quarter worth $1,110,000. State Street Corp lifted its position in shares of Ampco-Pittsburgh by 7.9% in the fourth quarter. State Street Corp now owns 80,116 shares of the industrial products company’s stock worth $427,000 after buying an additional 5,900 shares during the last quarter. Informed Momentum Co LLC bought a new stake in shares of Ampco-Pittsburgh during the 4th quarter worth about $791,000. Vanguard Group Inc. boosted its stake in shares of Ampco-Pittsburgh by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after acquiring an additional 38,021 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Ampco-Pittsburgh by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock valued at $3,433,000 after acquiring an additional 33,950 shares during the last quarter. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.