Articles from Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $96.2 million and $317.4 million for the three and nine months ended September 30, 2024, respectively, compared to $102.2 million and $314.2 million for the three and nine months ended September 30, 2023, respectively. The net sales decline for the three months ended September 30, 2024, compared to the prior year was attributable to lower shipment volumes and lower surcharge pass-through revenues in the Forged and Cast Engineered Products segment while the net sales increase for the nine months ended September 30, 2024, was attributable to growth in the Air and Liquid Processing segment.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, November 12, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2024.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh”) today announced that the Buffalo Air Handling Division (“Buffalo Air Handling”) of Air and Liquid Systems Corporation (“Air and Liquid Systems”), a wholly owned subsidiary of Ampco-Pittsburgh, has received an $8.7 million order for a custom air handling project for a major pharmaceutical company. The order is expected to ship in 2025.

In the Teleconference Access section, website link should read: https://dpregister.com/sreg/10191257/fd2870d5f2 (instead of https://dpregister.com/sreg/10188757/fc6d48eec8.)

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, August 13, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2024.

Ampco-Pittsburgh Corporation (NYSEAP) (the “Corporation”) announced today preliminary estimates of net sales, income from operations and net income for the fiscal quarter ended June 30, 2024, and an update on its current liquidity position:

Ampco-Pittsburgh Corporation (NYSEAP) today announced that its wholly-owned subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), a leader in the manufacture of Forge and Cast rolls for the steel and aluminum industries, has been selected to supply the initial provisioning (mill fill) of rolls for two new rolling mill projects under construction.

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $110.2 million for the three months ended March 31, 2024, compared to $104.8 million for the three months ended March 31, 2023. The increase is attributable to sales growth in the Air and Liquid Processing segment.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, May 14, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2024.

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $108.1 million and $422.3 million for the three and twelve months ended December 31, 2023, compared to $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, respectively. The increase for both the three and twelve months ended December 31, 2023, over the prior year periods was primarily driven by record Air and Liquid segment sales, higher forged roll shipment volumes, and higher net roll pricing, offset in part by lower shipments of forged engineered products.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, March 26, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 31, 2023.

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $102.2 million and $314.2 million, respectively, for the three and nine months ended September 30, 2023, compared to $99.6 million and $296.7 million for the three and nine months ended September 30, 2022, respectively. The increase is attributable to higher shipments for the Air and Liquid Processing segment.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, November 14, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2023.

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $107.2 million and $212.0 million for the three and six months ended June 30, 2023, respectively, compared to $102.6 million and $197.0 million for the three and six months ended June 30, 2022, respectively. The increase is primarily attributable to higher sales in the Air and Liquid Processing segment driven by improved volumes.

Ampco-Pittsburgh Corporation (NYSEAP) (The “Corporation”) announced today that J. Brett McBrayer, Ampco Chief Executive Officer, Sam Lyon, President of Union Electric Steel, and David Anderson, President of Air and Liquid Systems, will present at the Midwest IDEAS Investor Conference on August 24, 2023 at The Gwen in Chicago, IL. The Corporation’s presentation is scheduled to begin at 10:40 am CT.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Thursday, August 10, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2023.

Ampco-Pittsburgh Corporation (NYSEAP) reported net income of $0.7 million, or $0.03 per diluted share, for the three months ended March 31, 2023, which improved when compared to approximately breakeven results for the three months ended March 31, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, May 16, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2023.

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, compared to $84.5 million and $344.9 million for the three and twelve months ended December 31, 2021, respectively. The increase for both the three and twelve months ended December 31, 2022, over the prior year periods is principally due to improved pricing, including higher variable-index surcharges, and increased demand for mill rolls, as well as higher shipment volumes of custom air handlers and heat exchange coils.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, March 21, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 31, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise base prices 10-15% on all forged and cast roll products that it and its subsidiaries produce globally. This increase is effective on all new quotations and new orders. Material and energy surcharges will remain in effect.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $99.6 million and $296.7 million, respectively, for the three and nine months ended September 30, 2022, compared to $81.2 million and $260.4 million for the three and nine months ended September 30, 2021, respectively. The increase is primarily attributable to higher selling prices and variable-index surcharges in the Forged and Cast Engineered products and a higher level of shipments in both segments, offset in part by unfavorable foreign exchange translation.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, November 15, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) (The “Corporation”) announced today that J. Brett McBrayer, Chief Executive Officer, will present at the Midwest IDEAS Investor Conference on August 24, 2022 at The Gwen in Chicago, IL. The Corporation’s presentation is scheduled to begin at 9:30 am CT.

Ampco-Pittsburgh Corporation (NYSEAP) (the “Corporation” or “Ampco-Pittsburgh”) reported net sales of $102.6 million and $197.0 million for the three and six months ended June 30, 2022, respectively, compared to $92.4 million and $179.2 million for the three and six months ended June 30, 2021, respectively. The increase is primarily attributable to higher sales in the Forged and Cast Engineered Products segment driven by higher pricing, including surcharges, and a higher volume of shipments of forged engineered products to the steel distribution and oil and gas markets.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Thursday, August 11, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the final results of its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock). The Offer to Exercise expired at 11:59 p.m. Eastern Time on July 15, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the preliminary results of its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock). The Offer to Exercise expired at 11:59 p.m. Eastern Time on July 15, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) today announced it has extended its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock) until 11:59 p.m. (Eastern Time), on July 15, 2022, unless further extended or terminated. The Offer to Exercise was previously scheduled to expire at 11:59 p.m. (Eastern Time), on June 28, 2022. As of June 28, 2022, 72,201 Series A Warrants have been tendered and not withdrawn.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation") announced today that it would be presenting at the virtual East Coast IDEAS Investor Conference on June 22, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the filing of a Tender Offer and Prospectus Supplement (the “Offer”) with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to which the exercise price of each tendered Series A Warrant of the Corporation (each a “Series A Warrant”) is being temporarily reduced. Each Series A Warrant is exercisable for 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $2.5668 per Series A Warrant (or $5.75 per whole share of Common Stock). During the Offer, the holders of Series A Warrants will be given the opportunity to exercise their Series A Warrants at a temporarily reduced cash exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock).

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) reported total net sales of $94.4 million for the three months ended March 31, 2022, compared to $86.8 million for the three months ended March 31, 2021. The increase is primarily attributable to higher sales for the Forged and Cast Engineered Products segment due to higher pricing and surcharges passed through to customers driven by higher raw material, energy and transportation costs, and a higher volume of forged engineered products shipments to the steel distribution and oil and gas markets. This increase was partly offset by a decline in sales in the Air and Liquid Processing segment resulting from supply chain issues impacting the availability of components for production and customer delivery timing.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, May 10, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) today announced that the Buffalo Air Handling Division (“Buffalo Air Handling”) of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of the Corporation, has received a $9.6 million order for a custom air handling unit project for a major healthcare provider located in the southeastern United States.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) announced today that it is exploring the possibility of obtaining incremental capital. The Corporation is considering, among other alternatives for equity financing, amending its outstanding Series A warrants to adjust either, or both of, the exercise price or the number of shares of the Corporation’s common stock for which such Series A warrants may be exercised. Ampco-Pittsburgh intends to test the waters to evaluate potential forms of financing to help fund working capital growth opportunities, address rising inflation and work to complete its capital expenditure modernization program.

Ampco-Pittsburgh Corporation (NYSEAP) reported net sales of $84.5 million and $344.9 million for the three and twelve months ended December 31, 2021, compared to $87.0 million and $328.5 million for the three and twelve months ended December 31, 2020, respectively. Full year 2021 sales exceeded the prior year by 5%, principally due to higher demand from the steel distribution and oil and gas markets for forged engineered products. The decrease in sales for the three months ended December 31, 2021, compared to prior year is attributable to the Air and Liquid Processing segment, which was impacted by customer-requested deferrals and delays in receiving required components.

Ampco-Pittsburgh Corporation (NYSEAP) (“Ampco-Pittsburgh” or the “Corporation”) today announced that it has appointed three independent directors to its Board of Directors (the “Board”), two of whom were appointed in connection with an agreement with Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), a shareholder which currently owns approximately 5.6% of the Corporation’s outstanding shares. Frederick D. DiSanto and Darrell L. McNair will join the Board as members of the class of directors to be elected at the 2023 Annual Meeting of the Corporation’s shareholders, effective immediately pursuant to a Cooperation Agreement entered into between Ampco-Pittsburgh and Ancora. Laurence E. Paul will also join the Board as a member of the class of directors to be elected at the 2022 Annual Meeting of the Corporation’s shareholders, effective immediately. Dr. Paul is expected to be nominated for election at the Corporation’s 2022 Annual Meeting of Shareholders (the “2022 Annual Meeting”).

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation" or “Ampco-Pittsburgh”) today announced the appointment of David G. Anderson as President of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of Ampco-Pittsburgh, effective January 1, 2022. Mr. Anderson succeeds Terrence W. Kenny, who has served as Air & Liquid Systems’ President since 2010 and has announced his retirement.

Ampco-Pittsburgh Corporation (NYSEAP) today announced that the Buffalo Pumps Division (“Buffalo Pumps”) of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of the Corporation, has been selected by Fincantieri Marinette Marine (“FMM”) to supply centrifugal pumps to be used in the construction of first-in-class, guided-missile frigates for the U.S. Navy.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation") announced today that it would be presenting at the Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, Texas.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $81.2 million and $260.4 million, respectively, for the three and nine months ended September 30, 2021, compared to $75.7 million and $241.5 million for the three and nine months ended September 30, 2020, respectively. The increase is primarily attributable to higher sales of forged engineered products to the steel distribution and energy markets and higher sales of cast rolls for hot strip mills.

Ampco-Pittsburgh Corporation (NYSEAP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast roll products that it and its subsidiaries produce globally. This increase is effective immediately on all orders.

Ampco-Pittsburgh Corporation (NYSEAP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel” or “the Corporation”), will raise prices on its forged engineered products (FEP). This increase is effective immediately on all new orders received as of October 25, 2021, or as relevant contract terms permit. The Corporation will also implement an alloy and energy surcharge on all orders shipping on or after January 1, 2022.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Thursday, November 4, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2021.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation") announced today that it would be presenting at the virtual Midwest IDEAS Investor Conference on August 26, 2021.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $92.4 million and $179.2 million, respectively, for the three and six months ended June 30, 2021, compared to $74.8 million and $165.8 million for the three and six months ended June 30, 2020, respectively. The increase is primarily attributable to higher shipments of mill rolls and higher shipments of forged engineered products.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Tuesday, August 10, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2021.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation") announced today that it has entered into an amended and restated credit agreement (the "Credit Facility") consisting of a $100 million, five-year asset-backed revolving line of credit with a $30 million accordion feature.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation") announced today that it would be presenting at the virtual East Coast IDEAS Investor Conference on June 16, 2021.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation") announced today that it would be presenting at the G.research May Microcap Symposium on May 18, 2021.

Ampco-Pittsburgh Corporation (NYSEAP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $86.8 million for the three months ended March 31, 2021, compared to $91.1 million for the three months ended March 31, 2020. The decrease is primarily attributable to lower shipments of mill rolls than pre-pandemic levels, offset in part by higher shipments of forged engineered products.

Ampco-Pittsburgh Corporation (NYSEAP) will hold a conference call on Friday, May 7, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2021.