Ampco-Pittsburgh Corporation ( (AP) ) has released its Q1 earnings. Here is a breakdown of the information Ampco-Pittsburgh Corporation presented to its investors.
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Ampco-Pittsburgh Corporation is a global manufacturer and seller of specialty metal products and customized equipment, serving industries such as steel, aluminum, oil and gas, and air and liquid processing. The company operates manufacturing facilities in the United States, England, Sweden, and Slovenia, and participates in joint ventures in China.
In its first quarter of 2025, Ampco-Pittsburgh Corporation reported a significant improvement in financial performance, with a net income of $1.1 million, marking a $3.8 million increase compared to the same period last year. The earnings per share rose to $0.06, and adjusted EBITDA increased to $8.8 million from $5.1 million in the previous year.
Despite a decline in net sales to $104.3 million from $110.2 million, the company achieved an income from operations of $3.9 million, a substantial rise from the previous year’s $0.1 million. The improvement was driven by higher pricing, manufacturing efficiencies, and a favorable product mix. The Forged and Cast Engineered Products segment and the Air and Liquid Processing segment both contributed positively to the results.
Looking ahead, Ampco-Pittsburgh’s management remains optimistic about future performance, citing strong order intake in key markets such as nuclear, military, and pharmaceuticals. The company is also addressing challenges related to tariffs and supply chain disruptions, with plans to mitigate impacts on margins. Additionally, the ongoing consultation process at its UK facility is expected to reduce losses and enhance profitability.