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

Ampco-Pittsburgh (NYSE:AP) posted its quarterly earnings results on Tuesday. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06), FiscalAI reports. Ampco-Pittsburgh had a negative net margin of 13.84% and a negative return on equity of 3.53%. The business had revenue of $106.34 million during the quarter, compared to analysts’ expectations of $84.90 million.

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

• Third-quarter sales rose 3% year over year to $111.7 million, while adjusted EBITDA increased 2% to $9.4 million. The company reported net income of $0.5 million, or $0.02 per share; year-to-date sales were slightly lower than a year ago.
• Cash generation improved substantially: operating cash flow was up $15.5 million year over year and free cash flow rose $15.1 million. Ampco-Pittsburgh paid down about $13.3 million of debt year to date—already exceeding its $8 million to $10 million full-year target—and management said working-capital improvements should be sustainable.
• Air & Liquid Systems reported 17% third-quarter revenue growth and record year-to-date adjusted EBITDA, with backlog 29% above year-end 2025. October brought another $31 million in orders, including $21 million tied to power generation, while management cited strong demand in power generation and from the U.S. Navy.
• Forged and Cast Engineered Products’ reported sales fell to $68.9 million from $71.5 million, reflecting the U.K. facility closure and exit from the AUP distribution business. Excluding prior-year U.K. sales, however, segment sales grew about 11%, and adjusted EBITDA increased 9%.

Ampco-Pittsburgh Price Performance

Shares of Ampco-Pittsburgh stock traded up $1.02 on Wednesday, reaching $7.82. The company’s stock had a trading volume of 19,453 shares, compared to its average volume of 185,995. The company has a quick ratio of 0.96, a current ratio of 1.78 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $161.57 million, a P/E ratio of -2.68 and a beta of 1.34. The stock has a 50-day moving average price of $8.31 and a 200-day moving average price of $8.75. Ampco-Pittsburgh has a 52-week low of $1.91 and a 52-week high of $12.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Ampco-Pittsburgh from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Ampco-Pittsburgh currently has a consensus rating of “Sell”.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation (NYSE: AP) is a diversified industrial manufacturer headquartered in Pittsburgh, Pennsylvania. Founded in 1929, the company develops and produces specialized equipment and engineered products for industrial customers, with operations serving markets in North America, Europe and other international regions. Through its forged and cast engineered products business, Ampco-Pittsburgh manufactures steel rolls and related products used primarily in metal-producing and metal-processing applications.