Ampco-Pittsburgh (NYSE:AP) Issues Earnings Results

Ampco-Pittsburgh (NYSE:AP) announced its quarterly earnings data on Tuesday. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12), FiscalAI reports. Ampco-Pittsburgh had a negative net margin of 15.22% and a negative return on equity of 3.83%. The firm had revenue of $103.13 million during the quarter, compared to analyst estimates of $84.90 million.

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

• Air & Liquid Processing had a standout quarter, with revenue up 17% and adjusted EBITDA up 52% to a record level, driven by strong demand, better manufacturing efficiency, and favorable product mix.
• Customer orders in Air & Liquid reached record levels, with backlog up 19% in the quarter and management pointing to continued strength from data centers, nuclear, U.S. Navy, and pharmaceutical demand.
• Consolidated Q1 adjusted EBITDA fell to $8 million from $8.8 million a year ago, mainly because of temporary ramp-up costs in Sweden and weaker mix in the Forged and Cast Engineered Products segment.
• Management said the Forged and Cast business is seeing improving order trends, with large-roll orders recovering in Q2, stronger work-roll demand in Q2 and Q3, and benefits from tariff normalization and market consolidation.
• The company expects debt reduction this year, targeting roughly $8 million to $10 million, supported by positive cash flow, and reiterated an annual EBITDA improvement of $7 million to $8 million from actions taken in 2025.

Ampco-Pittsburgh Stock Performance

AP stock traded down $1.75 during midday trading on Tuesday, hitting $10.11. The company’s stock had a trading volume of 179,953 shares, compared to its average volume of 250,937. The stock’s 50-day moving average price is $8.80 and its 200 day moving average price is $6.08. The company has a quick ratio of 1.04, a current ratio of 1.84 and a debt-to-equity ratio of 2.46. Ampco-Pittsburgh has a 1 year low of $1.75 and a 1 year high of $12.30. The stock has a market cap of $205.54 million, a price-to-earnings ratio of -3.09 and a beta of 1.25.

Insiders Place Their Bets

In other Ampco-Pittsburgh news, CEO Brett Mcbrayer acquired 7,500 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were acquired at an average price of $6.67 per share, with a total value of $50,025.00. Following the completion of the transaction, the chief executive officer owned 585,731 shares in the company, valued at approximately $3,906,825.77. This trade represents a 1.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 23.48% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Ampco-Pittsburgh during the 2nd quarter valued at $30,000. Group One Trading LLC bought a new stake in shares of Ampco-Pittsburgh during the 2nd quarter valued at $43,000. Citadel Advisors LLC bought a new position in Ampco-Pittsburgh in the 3rd quarter worth about $72,000. HRT Financial LP bought a new position in Ampco-Pittsburgh in the 4th quarter worth about $77,000. Finally, State Street Corp increased its stake in Ampco-Pittsburgh by 7.9% in the 4th quarter. State Street Corp now owns 80,116 shares of the industrial products company’s stock worth $427,000 after acquiring an additional 5,900 shares during the last quarter. Hedge funds and other institutional investors own 49.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen cut Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ampco-Pittsburgh in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Ampco-Pittsburgh

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.