Ampco-Pittsburgh (NYSE:AP) Posts Earnings Results, Misses Expectations By $0.06 EPS

Ampco-Pittsburgh (NYSE:AP) posted its quarterly earnings results on Tuesday. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $106.34 million during the quarter, compared to analyst estimates 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 Stock Performance

Shares of NYSE:AP traded up $0.62 during trading on Tuesday, reaching $6.62. 73,212 shares of the stock were exchanged, compared to its average volume of 186,314. The company has a current ratio of 1.78, a quick ratio of 0.96 and a debt-to-equity ratio of 2.49. The stock has a 50-day moving average price of $8.35 and a 200-day moving average price of $8.74. Ampco-Pittsburgh has a 12 month low of $1.90 and a 12 month high of $12.81. The firm has a market cap of $136.77 million, a PE ratio of -2.29 and a beta of 1.34.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Ampco-Pittsburgh from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Ampco-Pittsburgh presently has an average rating of “Sell”.

Ampco-Pittsburgh Company Profile

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.