Business
Ampco-Pittsburgh Corporation Announces First Quarter 2026 Results
CARNEGIE, Pa., May 12, 2026--Ampco-Pittsburgh Corporation (the "Company" or "Ampco") (NYSE: AP) announced financial results for its first quarter ended March 31, 2026 ("First Quarter 2026").
About this update from Ampco-pittsburgh Corporation
[{"type":"text","content":"First Quarter 2026 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased 3.9% to $108.3 million compared to first quarter 2025","length":73,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Forged and Cast Engineered Products Net sales decreased 2% to $70.8 million","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Air and Liquid Processing Net sales increased 17% to $37.5 million","length":66,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":141,"olType":false}]},{"val":[{"type":"text","content":"Net loss attributable to Ampco of $0.9 million; $0.04 per share","length":63,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $8.0 million with Adjusted EBITDA Margin of 7.4%","length":67,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1 customer orders of $124 million, led by strong Air & Liquid demand with steel trends stabilizing","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"U.S. Defined Benefit Pension Plan achieved fully funded status as of February 9, 2026","length":85,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":532,"olType":false},{"type":"text","content":"CARNEGIE, Pa., May 12, 2026--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (the "Company" or "Ampco") (NYSE: AP) announced financial results for its first quarter ended March 31, 2026 ("First Quarter 2026").","length":237,"tagName":"p"},{"type":"text","content":""We delivered sequentially improving first‑quarter results, reflecting continued execution against our strategic priorities and strong demand and performance in our Air and Liquid Processing segment," said Brett McBrayer, CEO of Ampco‑Pittsburgh. "In Forged and Cast Engineered Products, results reflect ongoing progress following the 2025 steel industry slowdown, with trends stabilizing as the business aligns with historical volumes and mix. We are also realizing the benefits from the actions taken to optimize our operating footprint, including the closure of the U.K. plant and the ramp up of our Sweden facility, with most of those benefits expected to be realized over the balance of 2026.","length":712,"tagName...