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

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 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 the consensus estimate of $84.90 million.

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

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• 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 up $0.59 during trading on Wednesday, reaching $11.21. The company had a trading volume of 59,283 shares, compared to its average volume of 250,495. The firm has a 50-day simple moving average of $8.83 and a 200-day simple moving average of $6.14. The company has a market cap of $227.90 million, a price-to-earnings ratio of -3.44 and a beta of 1.25. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.04 and a current ratio of 1.84. Ampco-Pittsburgh has a twelve month low of $1.75 and a twelve month high of $12.30.

Insider Buying and Selling

In related news, CEO Brett Mcbrayer bought 7,500 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was bought 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 of the company’s stock, valued at approximately $3,906,825.77. This trade represents a 1.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ampco-Pittsburgh

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh during the second quarter valued at $30,000. Group One Trading LLC purchased a new stake in Ampco-Pittsburgh in the 2nd quarter worth $43,000. Citadel Advisors LLC purchased a new stake in Ampco-Pittsburgh in the 3rd quarter worth $72,000. Geode Capital Management LLC increased its holdings in Ampco-Pittsburgh by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 4,339 shares in the last quarter. Finally, Informed Momentum Co LLC purchased a new stake in Ampco-Pittsburgh in the 4th quarter worth $791,000. 49.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings restated 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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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Ampco-Pittsburgh Company Profile

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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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