Ampco-Pittsburgh reports Q3 EPS 4c vs. (10c) last year

Reports Q3 revenue $108.0M vs. $96.2M last year. Commenting on the quarter, Ampco-Pittsburgh’s (AP) CEO, Brett McBrayer, said, “Roll pricing and volume growth at higher margins in the Air and Liquid Processing segment have been key factors in our adjusted EBITDA improvement. While the steel cycle remains sluggish, forged engineered products sales have recently helped to counterbalance. The major headline is that we have taken definitive steps to right-size our operating footprint with demand. In mid-October we accelerated and completed the exit from our U.K. cast roll facility and before the end of the year we expect to complete the exit from a small steel distribution business. In doing so, we will have fundamentally changed the earnings power of our portfolio. We expect $7 to $8 million per full year Adjusted EBITDA improvement following the U.K. exit. As trade policy further clarifies for our steel customers, we are well positioned for sustainable elevated profitability prior to heading into 2026.”