AMPCO PITTSBURGH (AP) Company Report

Ampco-Pittsburgh Corporation's wholly owned subsidiary, Air and Liquid Systems Corporation, booked $28 million in customer orders during January 2026, marking its highest monthly order volume in history.
This record for Air and Liquid Systems Corporation surpassed the previous record by $7 million, representing a 33% increase.
The surge in orders for the subsidiary was driven by significant new orders from both the military and pharmaceutical markets.
Overall, Ampco-Pittsburgh Corporation's total customer orders for January 2026 were $49 million.

3 days ago

Press Release

Ampco-Pittsburgh Outlines Strategic Reset and Growth Outlook

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Ampco-Pittsburgh (AP) completed a business reset in 2025, eliminating unprofitable assets, and anticipates $7-$8 million of annual EBITDA improvement, primarily from the closure of its U.K. roll facility.
The company reported over $400 million in revenue for 2024 and is positioned for multi-year earnings growth and balance sheet improvement.
The Air and Liquid Processing segment achieved 55% revenue growth over the last three years, focusing on high-growth markets like nuclear power and U.S. Navy combatant ships.
Management projects positive trends for 2026 and beyond, with end markets expected to grow 3-5% annually over the next five years, and anticipates improved debt leverage.

Jan 21, 2026, 2:15 PM

Transcript

Ampco-Pittsburgh Highlights 2024 Revenue and Future Growth Strategies

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Ampco-Pittsburgh reported over $400 million in revenue for 2024 and completed a business reset in 2025, which is projected to yield $7-$8 million in annual EBITDA improvement.
The Air and Liquid Processing segment demonstrated 55% revenue growth over the last three years, driven by strong positions in the U.S. Navy and nuclear power markets, which benefit from high barriers to entry and strategic investments.
The Forged and Cast Engineered Products segment expects its end markets to grow 3-5% compounded annually over the next five years, with demand further supported by favorable tariff changes in Europe.
The company is actively strengthening its balance sheet, aiming to improve free cash flow and reduce debt, with leverage expected to trend favorably in the coming years.

Jan 21, 2026, 2:15 PM

Transcript

Ampco-Pittsburgh Provides Business Update at Sidoti Conference

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Ampco-Pittsburgh, a diversified manufacturer, reported 2024 revenue of over $400 million.
The company completed a business reset in 2025, including the closure of its unprofitable U.K. roll facility, which is expected to result in $7-$8 million of annual EBITDA improvement that is already being realized.
The air and liquid processing segment has experienced 55% revenue growth over the last three years and is positioned in high-growth markets such as nuclear power and U.S. Navy combatant ships.
Management anticipates multi-year earnings growth and balance sheet improvement, with debt leverage expected to trend favorably due to the U.K. shutdown, plant modernization, and a fully funded pension plan.
The forged and cast engineered products segment, a market leader in rolling mill rolls, generates roughly $250-$300 million in annual revenue from its western business and expects its end markets to grow approximately 3% to 5% over the next five years.

Jan 21, 2026, 2:15 PM

Transcript

Ampco-Pittsburgh Outlines Strategic Growth and Financial Initiatives

Revenue Acceleration/Inflection

Guidance Update

CFO Change

Ampco-Pittsburgh's Air and Liquid Processing segment has achieved 55% revenue growth over the last three years and projects 10% growth for most products, driven by demand from the U.S. Navy and nuclear power plants.
The company is strategically exiting unprofitable assets, including facilities in the U.K. and Ohio, which is expected to result in an additional $7-8 million rise in adjusted EBITDA annually.
New tariffs and a structured quota system in Europe are anticipated to provide a significant tailwind for the Forging, Casting, and Product segment, with European mill utilization projected to increase from 65% to 80-85%.
Ampco-Pittsburgh is focused on balance sheet improvement, aiming to reduce its net debt to adjusted EBITDA ratio to below 4.0 in 2025, and its U.S. pension plan is almost 100% fully funded.

Nov 19, 2025, 1:55 PM

Transcript

Ampco-Pittsburgh Outlines Strategic Initiatives and Growth Prospects

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Ampco-Pittsburgh has recently exited unprofitable assets, including a U.K. facility in October and an Ohio plant in Q4, and is focused on strengthening its balance sheet and driving growth through operational efficiencies.
The Air and Liquid Processing segment achieved 55% revenue growth over the last three years and expects continued growth, driven by markets such as nuclear power plants and the U.S. Navy, with higher margins compared to the other segment.
The company anticipates an additional $7-8 million rise in adjusted EBITDA from facility exits and aims to reduce its net debt to adjusted EBITDA ratio to below 4.0 in 2025, with a roadmap to 3.0.
The Forging, Casting, and Product segment benefits from new tariffs and a structured quota system in Europe, with end markets projected to grow at mid-single-digit rates over the next five years.

Nov 19, 2025, 1:55 PM

Transcript

Ampco-Pittsburgh (AP) Highlights Strategic Exits, Growth in Key Segments, and Debt Reduction Efforts

New Projects/Investments

Revenue Acceleration/Inflection

Guidance Update

Ampco-Pittsburgh (AP) operates in two main segments: Forging, Casting, and Product, and the rapidly growing Air and Liquid Processing.
The company recently exited unprofitable assets, which is expected to result in an additional $7-8 million annual increase in adjusted EBITDA.
The Air and Liquid Processing segment has achieved 55% revenue growth over the last three years and is benefiting from significant opportunities in the U.S. Navy and nuclear markets, including $9 million in Navy funding for plant modernization.
The Forging, Casting, and Product segment anticipates tailwinds from new tariffs and a structured quota system in Europe, which are projected to increase mill utilization and demand for its products.
Ampco-Pittsburgh is actively working to reduce its leverage, with a target to bring the net debt to adjusted EBITDA ratio below 4.0 in 2025.

Nov 19, 2025, 1:55 PM

Transcript

Ampco-Pittsburgh Corporation Posts Investor Presentation Detailing Strategic Reset and Growth Initiatives

New Projects/Investments

Revenue Acceleration/Inflection

Guidance Update

Ampco-Pittsburgh Corporation (AP) posted an investor presentation on November 18, 2025, outlining its strategic initiatives and financial performance.
The company reported $418 million in revenue for 2024, with its Forged and Cast Engineered Products segment contributing 69% and the Air and Liquid Processing segment 31%.
Strategic actions include the exit of the UES-UK cast facility and a non-core steel distribution business, projected to yield $7 million to $8 million in annual EBITDA improvement starting in Q4 2025.
The Air and Liquid Processing segment achieved 55% revenue growth over the last three years and anticipates continued annual growth of 8% to 10%, supported by $9 million in U.S. Navy funding for facility modernization.
For the nine months ended September 30, 2025, the Adjusted EBITDA margin was 8.0%, and the company aims to reduce its net debt to adjusted EBITDA ratio to below 3.0x in the near term.

Nov 18, 2025, 9:30 PM

8-K

Ampco-Pittsburgh Reports Strong Q3 2025 Results, Strategic Exits, and CFO Transition

Earnings

CFO Change

Guidance Update

Ampco-Pittsburgh reported a strong Q3 2025 with consolidated adjusted EBITDA of $9.2 million, a 35% increase from the prior year, and adjusted earnings per share of $0.04, up $0.14 from the prior year.
Net sales for Q3 2025 were $108 million, marking a 12% increase compared to Q3 2024, primarily driven by higher sales in the Air and Liquid Processing segment and improved pricing in the Forged and Cast Engineered Products segment.
The company is undertaking significant strategic actions, including the accelerated exit from its U.K. facility and the wind-down of the Alloys Unlimited steel distribution business. These actions are anticipated to improve full-year adjusted EBITDA by $7-$8 million post-U.K. deconsolidation, beginning in early Q4 2025.
David Anderson will assume the role of Chief Financial Officer on January 1, 2026, while continuing his duties as President of Air and Liquid Processing; current CFO Mike McAuley will transition to a strategic advisor role for the first half of 2026.

Nov 13, 2025, 3:30 PM

Transcript

Ampco-Pittsburgh Reports Q3 2025 Results and Future Outlook

Earnings

Guidance Update

Ampco-Pittsburgh Corporation reported net sales of $108.0 million for the third quarter ended September 30, 2025, an increase from $96.2 million in the prior year quarter.
The company posted a GAAP net loss of $2.2 million, or $0.11 per share , for Q3 2025, which included $3.1 million, or $0.15 per share, in non-cash expenses related to exiting its U.K. cast roll and domestic steel distribution businesses.
Adjusted EBITDA for Q3 2025 was $9.2 million , representing a 35% increase compared to the prior year , and Adjusted EPS was $0.04.
Management anticipates at least $7 to $8 million per year adjusted EBITDA improvement following the completion of the U.K. exit, which is expected in the fourth quarter of 2025.