Business
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2025 Results
CARNEGIE, Pa., August 12, 2025--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $113.1 million and $217.4 million for the three and six months ended June 30, 2025, compared to $111.0 million and $221.2 million for the three and six months ended June 30, 2024. Higher sales of forged engineered products and favorable foreign exchange translation offset weaker mill roll sales. Air and Liquid Processing sales were in line with prior year levels.
About this update from Ampco-pittsburgh Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"Recorded expenses of $6.8 million during 2Q 2025 for severance, accelerated depreciation and other costs to exit U.K. cast roll operations","length":138,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Company expects at least $5 million per year operating income improvement post-U.K. exit","length":88,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $8.0 million in Q2 2025 and $16.8 million year-to-date June 2025","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Tariff volatility impacted roll demand, order intake and production in Q2","length":73,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":382,"olType":false},{"type":"text","content":"CARNEGIE, Pa., August 12, 2025--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $113.1 million and $217.4 million for the three and six months ended June 30, 2025, compared to $111.0 million and $221.2 million for the three and six months ended June 30, 2024. Higher sales of forged engineered products and favorable foreign exchange translation offset weaker mill roll sales. Air and Liquid Processing sales were in line with prior year levels.","length":476,"tagName":"p"},{"type":"text","content":"The Corporation reported a loss from operations of $3.1 million for the three months ended June 30, 2025, which included $6.8 million in severance, accelerated depreciation and other costs to exit its U.K. cast roll operations, in anticipation of approval of the exit plan by the UES-UK subsidiary board. Income from operations for the six months ended June 30, 2025 was $0.8 million compared to $5.1 million for the six months ended June 30, 2024, with the U.K. exit costs being the primary change.","length":499,"tagName":"p"},{"type":"text","content":"Adjusted EBITDA of $8.0 million for the three months ended June 30, 2025 declined by $2.1 million from the three months ended June 30, 2024 due to lower margins for the Forged and Cast Engineered Products ("FCEP") segment offset by improved profitability for the Air and Liquid Processing ("ALP") segment. Margins for the FCEP segment were adversely affected by higher manufacturing costs relative to base pricing and variable-index surcharges passed through to customers during ...