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

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

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 Trading Up 11.0%

Shares of AP traded up $0.95 during trading hours on Tuesday, hitting $9.62. The stock had a trading volume of 33,012 shares, compared to its average volume of 225,746. The company’s fifty day simple moving average is $9.18 and its 200 day simple moving average is $8.83. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.01 and a current ratio of 1.75. The firm has a market cap of $195.68 million, a P/E ratio of -2.87 and a beta of 1.30. Ampco-Pittsburgh has a 12-month low of $1.75 and a 12-month high of $12.81.

Insider Buying and Selling at Ampco-Pittsburgh

In other Ampco-Pittsburgh news, insider Samuel Lyon sold 9,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $9.82, for a total value of $93,290.00. Following the sale, the insider directly owned 181,233 shares in the company, valued at approximately $1,779,708.06. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brett Mcbrayer acquired 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $9.03 per share, for a total transaction of $29,799.00. Following the acquisition, the chief executive officer owned 557,694 shares in the company, valued at approximately $5,035,976.82. This trade represents a 0.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 23.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. increased its holdings in shares of 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 last quarter. Vanguard Group Inc. grew its stake in Ampco-Pittsburgh by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock valued at $1,529,000 after buying an additional 38,021 shares during the last quarter. Marshall Wace LLP bought a new position in Ampco-Pittsburgh in the 4th quarter worth $1,110,000. Geode Capital Management LLC increased its stake in Ampco-Pittsburgh by 2.8% in the second quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 4,339 shares during the period. Finally, Informed Momentum Co LLC acquired a new stake in shares of Ampco-Pittsburgh in the fourth quarter valued at approximately $791,000. Hedge funds and other institutional investors own 49.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ampco-Pittsburgh Company Profile

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.