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Ampco-Pittsburgh Corporation (AP)
NYSE:AP
Earnings Data
Report Date
May 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mixed but ultimately constructive picture: near-term noise and meaningful non-cash one-time charges materially depressed Q4 GAAP results and caused segment-level shortfalls, particularly in FCEP. However, core operations — led by a record-performing Air & Liquid segment, strong early-2026 order momentum (bookings +73% YTD), full-year adjusted EBITDA growth, planned asset removals expected to improve adjusted EBITDA by $7M–$8M, and operational ramps in Sweden — point to improving profitability and stronger 2026–2027 prospects. Given the combination of significant one-time charges (short-term negative impact) and multiple durable operational tailwinds and margin opportunities (long-term positive impact), the positives modestly outweigh the negatives.Company Guidance
Air & Liquid Record Revenue and Adjusted EBITDA
Air & Liquid Processing achieved record results in 2025: full-year revenue +7% vs prior year and Q4 revenue +10% vs prior year. Full-year adjusted EBITDA was $15.4M, a 21% increase over prior year, marking the highest adjusted EBITDA in the segment's history.
Surge in Early-2026 Order Activity
Order activity accelerated at the start of 2026: bookings in the first two months were up 73% year-over-year. U.S. Navy bookings in that period exceeded $9M, more than replacing the $7.1M backlog removed by the Constellation frigate termination.
Strong End-Market Demand (Nuclear, Navy, Data Centers, Pharma)
Heat exchanger and nuclear market shipments were the highest in company history for 2025. Continued strong demand from the U.S. Navy, record commercial pump bookings driven by AI/data center demand, and robust custom air handler demand from the pharmaceutical market position the company in high-growth end markets.
Full-Year Consolidated Adjusted EBITDA Improvement
Consolidated adjusted EBITDA for full-year 2025 was $29.2M, up $1.1M (≈+3.9%) vs prior year, marking the third consecutive year of adjusted EBITDA growth despite Q4 disruption.
FCEP Underlying Profitability (Adjusted EBITDA)
Forged & Cast Engineered Products generated $24.4M of adjusted EBITDA for full-year 2025, indicating underlying segment profitability despite GAAP one-time charges; full-year net sales were $292.6M, up from $280.6M (~+4.3%).
Operational Improvements and Expected Margin Upside
Management completed removal of underperforming assets and expects these actions to improve adjusted EBITDA by $7M–$8M annually. Sweden production ramp targets ~+20% volume in 2026 vs 2025, with order book normalization expected by end of Q2 and full margin realization by Q3 2026.
Cost and Balance Sheet Discipline
Total selling & administrative expenses declined $2.8M (≈-5%) for full-year 2025 vs prior year. Pension plan was nearing fully funded at 12/31/2025 and achieved fully funded status in early 2026. Liquidity at year-end included $10.7M cash and $25.5M undrawn revolver availability.
AP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $8.35 | $6.63 | -20.60% |
Nov 12, 2025 | $1.91 | $2.17 | +13.61% |
Aug 12, 2025 | $3.40 | $3.21 | -5.59% |
May 12, 2025 | $2.86 | $2.36 | -17.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ampco-Pittsburgh Corporation (AP) report earnings?
Ampco-Pittsburgh Corporation (AP) is schdueled to report earning on May 19, 2026, Before Open (Confirmed).
What is Ampco-Pittsburgh Corporation (AP) earnings time?
Ampco-Pittsburgh Corporation (AP) earnings time is at May 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is AP EPS forecast?
Currently, no data Available