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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
Reported earnings per common share of approximately $0.16 for 4Q 2024 and $0.02 for full year 2024. Net cash flows provided by operating activities of $7.5 million for 4Q 2024 and $18.0 million for full year 2024. 2024 full year income from operations of $12.2 million includes a $4.1 million non-cash asbestos-related revaluation benefit recorded in Q4 2024. 2024 full year non-GAAP adjusted income from operations of $8.0 million improved $3.7 million vs 2023. Record Air and Liquid Processing segment sales in 2024. Segment sales increased 6.5% for 4Q 2024 and 11% for 2024 full year compared to prior year periods. Exploring options to mitigate losses in underutilized cast roll opera
Ampco-Pittsburgh Corporation (NYSE:AP) announced today that its wholly-owned subsidiary, Union Electric Steel Corporation ("Union Electric Steel"), will raise base prices on all forged and cast products that it and its subsidiaries produce globally. This increase is effective immediately on all new orders. Material and energy surcharges will remain in effect. The price adjustments are driven by inflationary cost increases in labor, health care, mill supplies, and elements not included in the surcharge. Consequently, Union Electric Steel will increase its base pricing levels on all forged and cast products by 6-8%. Commenting on the announcement, Skip Reinert, Vice President – Sales & Mark
Ampco-Pittsburgh Corporation (NYSE:AP) will hold a conference call on Thursday, March 13, 2025, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 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 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
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)
4 - AMPCO PITTSBURGH CORP (0000006176) (Issuer)
10-K - AMPCO PITTSBURGH CORP (0000006176) (Filer)
8-K - AMPCO PITTSBURGH CORP (0000006176) (Filer)
S-8 POS - AMPCO PITTSBURGH CORP (0000006176) (Filer)
Reported earnings per common share of approximately $0.16 for 4Q 2024 and $0.02 for full year 2024. Net cash flows provided by operating activities of $7.5 million for 4Q 2024 and $18.0 million for full year 2024. 2024 full year income from operations of $12.2 million includes a $4.1 million non-cash asbestos-related revaluation benefit recorded in Q4 2024. 2024 full year non-GAAP adjusted income from operations of $8.0 million improved $3.7 million vs 2023. Record Air and Liquid Processing segment sales in 2024. Segment sales increased 6.5% for 4Q 2024 and 11% for 2024 full year compared to prior year periods. Exploring options to mitigate losses in underutilized cast roll opera
Ampco-Pittsburgh Corporation (NYSE:AP) will hold a conference call on Thursday, March 13, 2025, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 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 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
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind