Ampco-Pittsburgh (NYSE:AP) Posts Earnings Results, Misses Expectations By $0.01 EPS

Ampco-Pittsburgh (NYSE:AP) released its quarterly earnings data 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. Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%. The company had revenue of $97.90 million for the quarter, compared to analysts’ expectations of $84.90 million.

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

Shares of NYSE:AP traded up $1.27 during midday trading on Tuesday, reaching $9.94. 20,360 shares of the company were exchanged, compared to its average volume of 225,746. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 2.42. The business’s fifty day moving average is $9.18 and its two-hundred day moving average is $8.83. Ampco-Pittsburgh has a one year low of $1.75 and a one year high of $12.81. The stock has a market cap of $202.04 million, a PE ratio of -2.97 and a beta of 1.30.

Insiders Place Their Bets

In other news, insider Samuel Lyon sold 9,500 shares of Ampco-Pittsburgh stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $9.82, for a total value of $93,290.00. Following the sale, the insider directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Mcbrayer bought 3,300 shares of Ampco-Pittsburgh stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $9.03 per share, for a total transaction of $29,799.00. Following the completion of the acquisition, the chief executive officer owned 557,694 shares in the company, 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. Insiders own 23.48% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AP. Marshall Wace LLP bought a new stake in shares of Ampco-Pittsburgh during the 4th quarter worth approximately $1,110,000. Informed Momentum Co LLC bought a new stake in shares of Ampco-Pittsburgh during the fourth quarter worth $791,000. Vanguard Group Inc. lifted its position in shares of Ampco-Pittsburgh by 6.0% during the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after purchasing an additional 38,021 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ampco-Pittsburgh by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock valued at $3,433,000 after purchasing an additional 33,950 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Ampco-Pittsburgh during the third quarter valued at $72,000. Hedge funds and other institutional investors own 49.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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, According to MarketBeat, the company currently has an average rating of “Sell”.

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.