Ampco-Pittsburgh Corporation ( (AP) ) has released its Q2 earnings. Here is a breakdown of the information Ampco-Pittsburgh Corporation presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ampco-Pittsburgh Corporation, a manufacturer of specialty metal products and equipment, has reported its financial results for the second quarter of 2025, highlighting its strategic exit from U.K. cast roll operations. The company recorded net sales of $113.1 million for the quarter, slightly up from the previous year, driven by higher sales of forged engineered products and favorable foreign exchange impacts. However, the company faced a net loss of $7.3 million, largely due to costs associated with the U.K. exit.
The company’s financial performance was impacted by a $6.8 million charge for severance and other exit costs related to its U.K. operations, which is expected to improve operating income by at least $5 million annually post-exit. Adjusted EBITDA for the quarter was $8.0 million, a decline from the previous year, primarily due to lower margins in the Forged and Cast Engineered Products segment. Despite these challenges, the Air and Liquid Processing segment showed improved profitability.
Ampco-Pittsburgh’s decision to exit the U.K. operations is part of a broader strategy to enhance profitability amid tariff volatility that affected roll demand and production. The company anticipates a more stable trade environment in 2026, following a recent E.U. deal, which could positively impact future performance.
Looking ahead, Ampco-Pittsburgh’s management remains cautiously optimistic about the company’s prospects, expecting improved financial performance post-U.K. exit and in light of reduced trade policy uncertainty. The company continues to focus on strategic initiatives to strengthen its core operations and enhance shareholder value.