Ampco-Pittsburgh (NYSE:AP) Releases Earnings Results, Misses Estimates By $0.01 EPS

Ampco-Pittsburgh (NYSE:AP) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01), FiscalAI reports. Ampco-Pittsburgh had a negative return on equity of 7.56% and a negative net margin of 15.53%.The company had revenue of $97.90 million during the quarter, compared to analysts’ expectations of $84.90 million.

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 Stock Up 14.6%

Shares of NYSE AP traded up $1.27 during trading on Tuesday, reaching $9.94. The company had a trading volume of 20,360 shares, compared to its average volume of 225,746. The business’s 50-day moving average is $9.18 and its 200 day moving average is $8.83. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 2.42. The stock has a market cap of $202.04 million, a PE ratio of -2.97 and a beta of 1.30. Ampco-Pittsburgh has a 12-month low of $1.75 and a 12-month high of $12.81.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Ampco-Pittsburgh from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Activity

In other news, CEO Brett Mcbrayer bought 3,300 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $9.03 per share, with a total value of $29,799.00. Following the completion of the acquisition, the chief executive officer owned 557,694 shares of the company’s stock, valued at approximately $5,035,976.82. This represents a 0.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samuel Lyon sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $9.82, for a total transaction of $93,290.00. Following the completion of the transaction, the insider owned 181,233 shares in the company, valued at approximately $1,779,708.06. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 23.48% of the company’s stock.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 33,950 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ampco-Pittsburgh by 6.0% in the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after purchasing an additional 38,021 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Ampco-Pittsburgh during the fourth quarter valued at $1,110,000. Geode Capital Management LLC lifted its holdings in shares of Ampco-Pittsburgh by 2.8% during the second quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 4,339 shares in the last quarter. Finally, Informed Momentum Co LLC purchased a new stake in shares of Ampco-Pittsburgh during the fourth quarter valued at $791,000. 49.16% of the stock is owned by institutional investors.

About Ampco-Pittsburgh

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.