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

by · The Cerbat Gem

Ampco-Pittsburgh (NYSE:AP – Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported ($0.04) earnings per share 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 the consensus estimate of $84.90 million. Ampco-Pittsburgh had a negative net margin of 15.22% and a negative return on equity of 3.83%.

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 Down 16.7%

Shares of AP stock traded down $1.98 during mid-day trading on Tuesday, reaching $9.88. 151,726 shares of the company’s stock traded hands, compared to its average volume of 250,474. Ampco-Pittsburgh has a 12 month low of $1.75 and a 12 month high of $12.30. The company has a market cap of $200.86 million, a P/E ratio of -3.03 and a beta of 1.25. The company has a quick ratio of 1.04, a current ratio of 1.84 and a debt-to-equity ratio of 2.46. The company’s 50-day moving average price is $8.80 and its 200-day moving average price is $6.08.

Insider Activity at Ampco-Pittsburgh

In other Ampco-Pittsburgh news, CEO Brett Mcbrayer bought 7,500 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of $6.67 per share, for a total transaction of $50,025.00. Following the acquisition, the chief executive officer owned 585,731 shares in the company, valued at approximately $3,906,825.77. This represents a 1.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 23.48% of the company’s stock.

Institutional Trading of Ampco-Pittsburgh

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Ampco-Pittsburgh during the 2nd quarter valued at $30,000. Group One Trading LLC purchased a new position in shares of Ampco-Pittsburgh in the 2nd quarter worth about $43,000. Citadel Advisors LLC purchased a new position in shares of Ampco-Pittsburgh in the 3rd quarter worth about $72,000. HRT Financial LP purchased a new position in shares of Ampco-Pittsburgh in the 4th quarter worth about $77,000. Finally, State Street Corp raised its position in shares of 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 purchasing an additional 5,900 shares during the last quarter. Institutional investors own 49.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on AP

About Ampco-Pittsburgh

(Get Free Report)

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.

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