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4 - AMPCO PITTSBURGH CORP (0000006176) (Issuer)
As of July 9, 2024, the Corporation's liquidity position improved modestly compared to March 31, 2024, and included cash on hand of approximately $8.6 million and availability on its revolving credit facility of $27.2 million. Net income for the quarter ended June 30, 2024, is expected in the range of $1.1 to $2.1 million, or $0.05 to $0.10 per diluted share. This compares to a net income of $0.4 million, or $0.02 per diluted share for the quarter ended June 30, 2023 (which included a benefit of $1.9 million, or $0.10 per diluted share, for the foreign energy credit), and a net loss of $(2.7) million, or $(0.14) per diluted share for the quarter ended March 31, 2024.
4 - AMPCO PITTSBURGH CORP (0000006176) (Issuer)
4 - AMPCO PITTSBURGH CORP (0000006176) (Issuer)
4 - AMPCO PITTSBURGH CORP (0000006176) (Issuer)
SC 13D/A - AMPCO PITTSBURGH CORP (0000006176) (Subject)
SC 13D/A - AMPCO PITTSBURGH CORP (0000006176) (Subject)
SC 13D/A - AMPCO PITTSBURGH CORP (0000006176) (Subject)
Operating income of $1.9 million in Q3 2024 and $7.0 million year-to-date. Improved margins in Forged and Cast Engineered Products lead operating results higher than prior year. Strong U.S. forged business results including impact of new equipment more than offsets cyclically weak cast roll demand. Higher sequential backlog in Q3 2024 vs Q2 2024 led by higher roll order intake. 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
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 the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after
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 segment improvement. Air and Liquid Processing segment sales up 19% for both Q2 and YTD compared to prior-year periods. 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
Operating income of $1.9 million in Q3 2024 and $7.0 million year-to-date. Improved margins in Forged and Cast Engineered Products lead operating results higher than prior year. Strong U.S. forged business results including impact of new equipment more than offsets cyclically weak cast roll demand. Higher sequential backlog in Q3 2024 vs Q2 2024 led by higher roll order intake. 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
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 the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after
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 pharmaceutical market is one of the key markets for our custom air handling product line. While we have seen strong order demand from this market over the last year, this is the largest order we have ever received from the pharmaceut
10-Q - AMPCO PITTSBURGH CORP (0000006176) (Filer)
8-K - AMPCO PITTSBURGH CORP (0000006176) (Filer)
10-Q - AMPCO PITTSBURGH CORP (0000006176) (Filer)
Enters into Cooperation Agreement with Ancora Ampco-Pittsburgh Corporation (NYSE:AP) ("Ampco-Pittsburgh" or the "Corporation") today announced that it has appointed three independent directors to its Board of Directors (the "Board"), two of whom were appointed in connection with an agreement with Ancora Holdings Group, LLC (together with its affiliates, "Ancora"), a shareholder which currently owns approximately 5.6% of the Corporation's outstanding shares. Frederick D. DiSanto and Darrell L. McNair will join the Board as members of the class of directors to be elected at the 2023 Annual Meeting of the Corporation's shareholders, effective immediately pursuant to a Cooperation Agreement en
Ampco-Pittsburgh Corporation (NYSE:AP) (the "Corporation" or "Ampco-Pittsburgh") today announced the appointment of David G. Anderson as President of Air & Liquid Systems Corporation ("Air & Liquid Systems"), a wholly-owned subsidiary of Ampco-Pittsburgh, effective January 1, 2022. Mr. Anderson succeeds Terrence W. Kenny, who has served as Air & Liquid Systems' President since 2010 and has announced his retirement. Brett McBrayer, Chief Executive Officer of the Corporation, stated, "Terry's retirement will cap more than three decades of achievement and growth. He and his valued leadership will be greatly missed. On behalf of the Board and the Corporation, I would like to thank Terry for hi