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Ampco-Pittsburgh
(NYSE:AP)
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Rating:53Neutral
Price Target:
$9.00
▲(9.76% Upside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weak recent financial statement quality—ongoing losses and a highly leveraged balance sheet—despite improving operating cash flow. The earnings call provides the main support, citing a profitability inflection and sharply higher orders/backlog with upbeat guidance, while technicals and valuation remain neutral to constrained given mixed trend signals and a negative P/E.
Positive Factors
Order and backlog growth
The sharp increase in orders and backlog improves revenue visibility and supports future plant utilization. Sustained demand can provide a foundation for better fixed-cost absorption and more consistent operating performance.
Negative Factors
High leverage and limited equity
Heavy leverage and a reduced equity base constrain financial flexibility and increase sensitivity to industrial downturns. Higher obligations can limit investment capacity and make execution more dependent on sustained operating recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Order and backlog growth
The sharp increase in orders and backlog improves revenue visibility and supports future plant utilization. Sustained demand can provide a foundation for better fixed-cost absorption and more consistent operating performance.
Read all positive factors
Ampco-Pittsburgh (AP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$185.31M
Dividend YieldN/A
Average Volume (3M)153.64K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth3.27%
EPS Growth-1069.57%
CountryUS
Employees1,432
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-2.93
Shares Outstanding20,658,620
10 Day Avg. Volume140,743
30 Day Avg. Volume153,639
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.29
Price to Sales (P/S)0.25
P/FCF Ratio-13.32
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ampco-Pittsburgh Business Overview & Revenue Model
Company Description
Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through two segments: Forged and ...
How the Company Makes Money
Ampco-Pittsburgh makes money by manufacturing and selling engineered, largely made-to-order industrial products and related services through its two main segments. (1) Forged and Cast Rolls: Revenue is generated from the sale of forged steel and c...
Ampco-Pittsburgh Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The call presents a clear positive inflection: the company returned to net income, delivered double-digit adjusted EBITDA growth and margin expansion, and booked materially higher orders and backlog with record performance in the Air & Liquid segment. Remaining headwinds include lower consolidated revenues tied to the prior-year U.K. facility exit, seasonal outages in Q3, modest liquidity on hand, and reduced pension income. Operational restructuring and strong end-market demand position the company for a stronger second half of 2026.Positive Updates
Turnaround to Net Income
Net income of $1.5 million ($0.07/share) in Q2 2026 versus a net loss of $7.3 million ($0.36/share) in the prior-year period, representing an $8.8 million improvement and a clear profitability inflection.
Negative Updates
Decline in Consolidated Net Sales
Q2 net sales were $102.9 million versus $113.1 million in the prior year (down ~9.0%), and year-to-date revenue was $211.2 million versus $217.4 million (down ~2.9%), primarily reflecting the closure of the U.K. cast roll facility.
Read all updates
Q2-2026 Updates
Positive
Negative
Turnaround to Net Income
Net income of $1.5 million ($0.07/share) in Q2 2026 versus a net loss of $7.3 million ($0.36/share) in the prior-year period, representing an $8.8 million improvement and a clear profitability inflection.
Read all positive updates
Company Guidance
Management guided that, despite normal Q3 maintenance outages and summer shutdowns, the company expects a "significantly stronger" second half of 2026 and remains optimistic about 2027; supporting metrics cited include Q2 net income of $1.5M ($0.07/share) versus a prior‑year loss of $7.3M (‑$0.36), Q2 net sales of $102.9M (YTD $211.2M vs $217.4M prior year), adjusted EBITDA of $9.8M (up 22% y/y and 22% sequentially) with margin expanding 240 bps to 9.5%, customer orders of ~ $144M (up 50% y/y), total backlog of $385.4M (up $39.9M sequentially, +12% q/q and 39% vs year‑end 2025), Air & Liquid YTD revenue +9% with Q2 adjusted EBITDA +34% (YTD +43%) and backlog +$23.3M (+16% q/q), Forged & Cast Q2 sales $67.3M with adjusted EBITDA $7.8M (+15% y/y, +36% sequentially), plus liquidity of $7M cash and $29M undrawn on the revolver — all of which management says, together with capacity investments and strong Navy, power‑generation and data‑center demand, positions the company to meet accelerating orders.Ampco-Pittsburgh Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 428.04M | 434.17M | 418.31M | 422.34M | 390.19M | 344.92M |
| Gross Profit | 64.83M | 58.18M | 81.50M | 74.56M | 62.19M | 66.11M |
| EBITDA | -24.63M | -30.27M | 31.42M | -12.26M | 28.40M | 20.48M |
| Net Income | -59.25M | -66.07M | 438.00K | -39.93M | 3.42M | -3.86M |
Balance Sheet | ||||||
| Total Assets | 490.86M | 495.36M | 530.90M | 565.65M | 502.77M | 505.96M |
| Cash, Cash Equivalents and Short-Term Investments | 7.05M | 10.70M | 15.43M | 7.29M | 8.73M | 10.34M |
| Total Debt | 142.06M | 138.30M | 133.17M | 133.42M | 108.99M | 64.97M |
| Total Liabilities | 442.57M | 447.39M | 459.81M | 494.08M | 389.38M | 393.83M |
| Stockholders Equity | 31.12M | 32.64M | 58.88M | 60.94M | 104.33M | 102.90M |
Cash Flow | ||||||
| Free Cash Flow | -3.99M | -8.06M | 5.83M | -24.13M | -43.90M | -31.10M |
| Operating Cash Flow | 10.89M | 1.34M | 18.03M | -3.69M | -27.21M | -15.87M |
| Investing Cash Flow | -15.07M | -9.22M | -8.24M | -19.68M | -16.31M | -14.73M |
| Financing Cash Flow | 1.19M | 2.21M | -1.35M | 21.69M | 42.59M | 24.40M |
Ampco-Pittsburgh Technical Analysis
Neutral
8.20
Price Trends
9.01
Negative
9.44
Negative
7.45
Positive
Market Momentum
0.14
Negative
49.87
Neutral
29.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AP, the sentiment is Neutral. The current price of 8.2 is below the 20-day moving average (MA) of 8.87, below the 50-day MA of 9.01, and above the 200-day MA of 7.45, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 49.87 is Neutral, neither overbought nor oversold. The STOCH value of 29.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AP.
Ampco-Pittsburgh Risk Analysis
Ampco-Pittsburgh disclosed 28 risk factors in its most recent earnings report. Ampco-Pittsburgh reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ampco-Pittsburgh Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.10B | 22.03 | 12.16% | ― | 15.12% | 50.31% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $279.55M | 8.13 | 15.30% | ― | 14.97% | 8162.28% | |
53 Neutral | $185.31M | -3.04 | -152.73% | ― | 3.27% | -1069.57% | |
49 Neutral | $60.80M | -46.49 | -20.19% | ― | -0.19% | 38.34% | |
48 Neutral | $593.65M | -27.22 | -6.63% | ― | 11.77% | -196.68% |
* Industrials Sector Average
AP
Ampco-Pittsburgh
8.92
6.05
210.80%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.