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

Posted by Stanley Muller on Aug 13th, 2026

Ampco-Pittsburgh (NYSE:AP – Get Free Report) released its earnings results on Tuesday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01), FiscalAI reports. The business had revenue of $97.90 million during the quarter, compared to the consensus estimate of $84.90 million. Ampco-Pittsburgh had a negative net margin of 13.84% and a negative return on equity of 3.40%.

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

AP stock remained flat at $9.21 during mid-day trading on Thursday. The company’s stock had a trading volume of 3,235 shares, compared to its average volume of 225,681. The firm has a market cap of $187.24 million, a PE ratio of -3.14 and a beta of 1.30. Ampco-Pittsburgh has a fifty-two week low of $1.75 and a fifty-two week high of $12.81. The company has a fifty day simple moving average of $9.10 and a 200 day simple moving average of $8.88. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 2.42.

Insider Buying and Selling at Ampco-Pittsburgh

In related news, insider Samuel Lyon sold 9,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $9.82, for a total transaction of $93,290.00. Following the transaction, the insider directly owned 181,233 shares of the company’s stock, valued at $1,779,708.06. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brett Mcbrayer bought 3,300 shares of the business’s 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 purchase, the chief executive officer directly 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 23.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Ampco-Pittsburgh during the 4th quarter valued at about $1,110,000. State Street Corp increased its holdings in shares of Ampco-Pittsburgh by 7.9% in the fourth quarter. State Street Corp now owns 80,116 shares of the industrial products company’s stock worth $427,000 after buying an additional 5,900 shares during the period. Informed Momentum Co LLC bought a new stake in shares of Ampco-Pittsburgh in the 4th quarter valued at about $791,000. Vanguard Group Inc. boosted its holdings in 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. Finally, Ameriprise Financial Inc. boosted its holdings in 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. 49.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Ampco-Pittsburgh from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ampco-Pittsburgh presently has a consensus rating of “Sell”.

Check Out Our Latest 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.