Ampco-Pittsburgh (NYSE:AP) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

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

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

NYSE:AP traded down $1.98 during mid-day trading on Tuesday, reaching $9.88. The company’s stock had a trading volume of 151,726 shares, compared to its average volume of 250,474. The firm’s fifty day moving average price is $8.80 and its two-hundred day moving average price is $6.08. The stock has a market cap of $200.86 million, a P/E ratio of -3.03 and a beta of 1.25. Ampco-Pittsburgh has a 12-month low of $1.75 and a 12-month high of $12.30. The company has a current ratio of 1.84, a quick ratio of 1.04 and a debt-to-equity ratio of 2.46.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AP shares. Wall Street Zen lowered Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued 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 data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Activity

In other news, CEO Brett Mcbrayer purchased 7,500 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of $6.67 per share, for a total transaction of $50,025.00. Following the purchase, the chief executive officer directly owned 585,731 shares in the company, valued at $3,906,825.77. This trade represents a 1.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of large investors have recently made changes to their positions in AP. Marshall Wace LLP bought a new stake in shares of Ampco-Pittsburgh during the 4th quarter valued at about $1,110,000. Informed Momentum Co LLC bought a new position in shares of Ampco-Pittsburgh during the 4th quarter valued at approximately $791,000. Vanguard Group Inc. grew 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 valued at $1,529,000 after acquiring an additional 38,021 shares during the period. Ameriprise Financial Inc. grew its stake 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 period. Finally, Citadel Advisors LLC bought a new position in shares of Ampco-Pittsburgh during the 3rd quarter valued at approximately $72,000. 49.16% of the stock is currently owned by institutional investors.

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.