Ampco-Pittsburgh

Ampco-Pittsburgh Corp. is engaged in the manufacture and sale of custom designed engineering products. It operates through the Forged and Cast Engineered Products, and Air and Liquid Processing segments. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls and open-die forged products. Forged hardened steel rolls are used primarily in cold rolling mills by producers of steel, aluminum and other metals. The Air and Liquid Processing segment includes the Aerofin, Buffalo Air Handling, and Buffalo Pumps divisions. The company was founded in 1929 and is headquartered in Carnegie, PA.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Ampco-Pittsburgh reports Q4 growth, faces challenges from geopolitical events

Ampco-Pittsburgh showed improved sales and operating income in Q4 2022. Pricing actions helped combat inflation, and operational rates improved globally. Challenges from geopolitical events and market softness were noted, but the company remains optimistic about future opportunities.

Ampco-Pittsburgh reports robust Q1 earnings amidst backlog growth and efficiency gains

Ampco-Pittsburgh's Q1 2023 performance reflects solid financial results, operational improvements, and strong demand across key segments.
While facing capital expenditure challenges and market uncertainties, the company's focus on efficiency and backlog growth presents opportunities for sustained success.
Strategic initiatives like the equipment modernization program and positive sales trends position Ampco-Pittsburgh for continued growth and profitability in the future.

Ampco-Pittsburgh reports solid Q2 earnings, eyes growth opportunities ahead

Ampco-Pittsburgh's Q2 earnings call highlighted strong performances, record sales growth, and positive market outlook, underscoring the company's operational resilience and growth potential.
While facing challenges in cost management and pricing strategies, the company aims to leverage opportunities in additive manufacturing, market growth, and operational efficiency.
With a transformative vision and focus on stakeholder value, Ampco-Pittsburgh is poised to navigate challenges, capitalize on opportunities, and drive sustainable growth in the future.

Ampco-Pittsburgh (AP) reports strong Q3 earnings and strategic growth

Ampco-Pittsburgh (AP) delivered positive earnings per share and strong financial results in Q3 2023, showcasing resilience and operational efficiency. The company's business segments performed well, with notable achievements in sales, backlog growth, and strategic projects.
Despite challenges in Europe, AP demonstrated its ability to navigate obstacles and capitalize on opportunities in the market. The company's focus on operational excellence and customer relationships contributed to its overall success.
Looking ahead, AP remains optimistic about its operational performance and growth prospects. By addressing challenges, leveraging strengths, and seizing opportunities, the company aims to sustain its positive momentum and drive long-term value for stakeholders.

Ampco-Pittsburgh reports mixed Q4 results, eyes growth opportunities ahead

Ampco-Pittsburgh navigated challenges in Europe but saw growth in key segments. Strategic initiatives and record sales position the company for future success. Asbestos-related costs and working capital pressures are areas of concern.

Ampco-Pittsburgh faces Q1 losses but eyes growth opportunities ahead

Ampco-Pittsburgh reported mixed financial results in Q1 2024, with revenue growth in the Air & Liquid Systems segment but a net loss for the quarter.
The company faces challenges from operational issues and a decline in total backlog, requiring strategic adjustments to improve financial performance.
Despite these challenges, Ampco-Pittsburgh remains focused on addressing market conditions, enhancing manufacturing capacity, and seizing growth opportunities.
Investors should monitor the company's efforts to overcome challenges and capitalize on opportunities for long-term value creation.

Ampco-Pittsburgh (AP) reports strong Q2 earnings, eyes growth opportunities

Ampco-Pittsburgh (AP) delivered a strong performance in Q2 2024, with notable revenue and income growth. While facing challenges in margin improvements and debt reduction, the company has opportunities for expansion and market impact. Management highlighted operational improvements and growth prospects during the earnings call.

Ampco-Pittsburgh reports Q3 income growth amidst market challenges

Ampco-Pittsburgh's Q3 performance showed improved margins and operating efficiencies, despite challenges like weaker demand in certain segments.
The company's strengths lie in backlog growth, consistent revenue in key segments, and positive market indicators.
Opportunities include additional funding for modernization and a focus on operational efficiency for future growth.

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Allied Properties REIT focuses on prime Canadian city center real estate, benefiting from urban density and high demand, ensuring stable and premium rent prices. The current P/AFFO ratio of 9.5x is below the sector average of 13x, indicating potential for significant upside. Long-term average multiples around 15x suggest a strong recovery potential if management executes well.

Allied Properties REIT: Population Density Will Likely Push Growth Upwards

MILPITAS, Calif.--(BUSINESS WIRE)---- $AP #Almost_4_million_dollars_new--TurnOnGreen Bolsters Market Presence with $3.9 Million in Strategic Defense Contracts.

TurnOnGreen Bolsters Market Presence with $3.9 Million in Strategic Defense Contracts

Ampco-Pittsburgh Corporation (NYSE:AP ) Q3 2024 Results Conference Call November 12, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - Chief Executive Officer David Anderson - President, Air & Liquid Systems Corporation Sam Lyon - President, Forged & Cast Engineered Products Mike McAuley - SVP & Chief Financial Officer Conference Call Participants David Wright - Henry Investment Trust Justin Bergner - Gabelli Funds John Bair - Ascend Wealth Advisors Operator Good day, and welcome to the Ampco-Pittsburgh Corporation Third Quarter 2024 Earnings Results Conference Call. [Operator Instructions].

Ampco-Pittsburgh Corporation (AP) Q3 2024 Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $96.2 million and $317.4 million for the three and nine months ended September 30, 2024, respectively, compared to $102.2 million and $314.2 million for the three and nine months ended September 30, 2023, respectively. The net sales decline for the three months ended September 30, 2024, compared to the prior year was attributable to lower shipment volumes and lower surcharge pass-through revenues in th.

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2024 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, November 12, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2024. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using t.

Ampco-Pittsburgh Schedules Third Quarter 2024 Earnings Conference Call

MILPITAS, Calif.--(BUSINESS WIRE)---- $AP #American_Car_Rental_Association--TurnOnGreen, Inc. Secures $2.2 Million in Defense Orders and Expands Market Presence with Advanced Power Solutions.

TurnOnGreen, Inc. Secures $2.2 Million in Defense Orders and Expands Market Presence with Advanced Power Solutions

Allied Properties REIT's 9%+ distribution remains solid, with potential for stock appreciation, despite market skepticism about office real estate in 2024. Allied's portfolio includes 192 properties with 14.9M square feet, primarily in Toronto/Kitchener and Montreal/Ottawa, focusing on "distinctive urban workspace". The company has improved its balance sheet by selling assets, reducing debt, and pre-leasing 82% of its development projects, signaling financial prudence.

Allied Properties: This 9%+ Yield Continues To Be Safe

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh”) today announced that the Buffalo Air Handling Division (“Buffalo Air Handling”) of Air and Liquid Systems Corporation (“Air and Liquid Systems”), a wholly owned subsidiary of Ampco-Pittsburgh, has received an $8.7 million order for a custom air handling project for a major pharmaceutical company. The order is expected to ship in 2025. David Anderson, President of Air and Liquid Systems commented, “The p.

Ampco-Pittsburgh Subsidiary Announces Customer Contract Win

Ampco-Pittsburgh Corporation (NYSE:AP ) Q2 2024 Earnings Conference Call August 13, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - CEO Sam Lyon - President, Forged & Cast Engineered Products David Anderson - President, Air & Liquid Systems Corporation Mike McAuley - SVP and CFO Conference Call Participants David Wright - Henry Investment Trust John Bair - Ascend Wealth Advisors Operator Good morning everyone and welcome to the Ampco-Pittsburgh Corporation Second Quarter 2024 Earnings Results Conference Call. All participants will be in a listen-only mode.

Ampco-Pittsburgh Corporation (AP) Q2 2024 Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--In the Teleconference Access section, website link should read: https://dpregister.com/sreg/10191257/fd2870d5f2 (instead of https://dpregister.com/sreg/10188757/fc6d48eec8.) The updated release reads: AMPCO-PITTSBURGH CORPORATION (NYSE: AP) ANNOUNCES SECOND QUARTER 2024 RESULTS Strong sequential earnings improvement delivered at top end of previous guidance range. Q2 2024 operating income up 53% over prior-year period led by Forged and Cast Engineered Products se.

CORRECTING and REPLACING Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2024 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $111.0 million and $221.2 million for the three and six months ended June 30, 2024, respectively, compared to $107.2 million and $212.0 million for the three and six months ended June 30, 2023, respectively. The increase is attributable to sales growth in the Air and Liquid Processing segment. The Corporation reported income from operations for the three and six months ended June 30, 2024, of $5.0 mill.

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2024 Results

Allied Properties Real Estate Investment Trust (OTC:APYRF) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants Cecilia Williams - President & Chief Executive Officer Nan Mahalingam - Senior Vice President & Chief Financial Officer J.P. Mackay - Senior Vice President, National Operations Conference Call Participants Jonathan Kelcher - TD Cowen Lorne Kalmar - Desjardins Brad Sturges - Raymond James Mario Saric - Scotiabank Matt Kornack - National Bank Financial Pammi Bir - RBC Capital Markets Mark Rothschild - Canaccord Shalabh Garg - Veritas Investment Research Sumayya Syed - CIBC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Allied Properties REIT Second Quarter 2024 Earnings Conference Call.

Allied Properties Real Estate Investment Trust (APYRF) Q2 2024 Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, August 13, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2024. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the fol.

Ampco-Pittsburgh Schedules Second Quarter 2024 Earnings Conference Call

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation”) announced today preliminary estimates of net sales, income from operations and net income for the fiscal quarter ended June 30, 2024, and an update on its current liquidity position: Net sales for the quarter ended June 30, 2024, is expected to be in the range of $107 million to $112 million. This compares to net sales of $107.2 million in the quarter ended June 30, 2023, and $110.0 million in the quarte.

Ampco-Pittsburgh Corporation Provides Preliminary Results on its Second Quarter 2024 Earnings and Current Liquidity Position

Ampco-Pittsburgh (NYSE: AP ) stock is taking off on Wednesday after the company announced new contracts and sales order backlog growth. That includes subsidiary Union Electric Steel securing contracts to provide initial provisioning of rolls for two mill projects under construction.

Why Is Ampco-Pittsburgh (AP) Stock Up 49% Today?

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) today announced that its wholly-owned subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), a leader in the manufacture of Forge and Cast rolls for the steel and aluminum industries, has been selected to supply the initial provisioning (mill fill) of rolls for two new rolling mill projects under construction. The roll contracts for these new mills are: A new cold mill for Ternium Mexico S.A. de C.V. – Pesqu.

Ampco-Pittsburgh Subsidiaries Announce Commercial Contract Wins and Strong Growth in Sales Order Backlog

LOS ANGELES--(BUSINESS WIRE)--AEG PRESENTS STRIKES STRATEGIC PARTNERSHIP WITH TIM HINSHAW'S FREE LUNCH.

AEG Presents Strikes Strategic Partnership With Tim Hinshaw's Free Lunch

SCOTTSDALE, Ariz. & LAS VEGAS--(BUSINESS WIRE)---- $AP #Enertec_Systems--Gresham Worldwide, Inc. and Ault Disruptive Technologies Corporation Announce Merger Agreement with Combined Company Renamed Gresham Worldwide, Inc.

Gresham Worldwide, Inc. and Ault Disruptive Technologies Corporation Announce Merger Agreement

Ampco-Pittsburgh Corporation (NYSE:AP ) Q1 2024 Results Conference Call May 14, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - Chief Executive Officer Mike McAuley - Senior Vice President, Chief Financial Officer and Treasurer Sam Lyon - President, Union Electric Steel Corporation David Anderson - President, Air & Liquid Systems Corporation Conference Call Participants Justin Bergner - Gabelli Funds John Bair - Assante Wealth Advisors Operator Welcome to the Ampco-Pittsburgh Corporation First Quarter 2024 Earnings Results Conference Call. All participants will be in listen-only mode.

Ampco-Pittsburgh Corporation (AP) Q1 2024 Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $110.2 million for the three months ended March 31, 2024, compared to $104.8 million for the three months ended March 31, 2023. The increase is attributable to sales growth in the Air and Liquid Processing segment. The Corporation reported income from operations of $0.1 million for the three months ended March 31, 2024, which declined compared to income from operations of $2.0 million for the three mon.

Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2024 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, May 14, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2024. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the follow.

Ampco-Pittsburgh Schedules First Quarter 2024 Earnings Conference Call

Allied Properties REIT is a reasonable option for the Canadian office recovery due to its strong balance sheet, high-quality assets, and solid management. The company focuses on Class I workspace and mixed-use developments in well-located areas of major Canadian cities. Allied has the qualities investors should be looking for when betting on a beaten-up sector like office real estate.

Allied Properties: Bet On Office Recovery And Collect A 10.5% Yield

SCOTTSDALE, Ariz. & KARMIEL, Israel--(BUSINESS WIRE)---- $AP #Enertec_Systems--Gresham Worldwide, Inc. Announces New Head of Israeli Defense Subsidiary; Company Names Nissim Ovadia as CEO of Enertec Systems 2001, Ltd.

Gresham Worldwide, Inc. Announces New Head of Israeli Defense Subsidiary

Ampco-Pittsburgh Corporation (AP) Q4 2023 Earnings Call Transcript

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $108.1 million and $422.3 million for the three and twelve months ended December 31, 2023, compared to $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, respectively. The increase for both the three and twelve months ended December 31, 2023, over the prior year periods was primarily driven by record Air and Liquid segment sales, higher forged roll shipment volume.

News for Ampco-Pittsburgh Stock (AP)