Ampco-Pittsburgh 2025 Q1 Earnings Returns to Profitability with Net Income Up 185.7%

Ampco-Pittsburgh (AP) reported its fiscal 2025 Q1 earnings on May 12th, 2025. Ampco-Pittsburgh's results demonstrated a significant turnaround with net income of $1.89 million, a 185.7% positive swing from the net loss of $-2.21 million in 2024 Q1. The company exceeded expectations with EPS of $0.06, reversing a loss of $0.14 per share in the previous year. The company's guidance remains optimistic, with expectations to mitigate tariff impacts by shifting costs to customers. Ampco-Pittsburgh's leadership is focused on operational improvements and capturing strengths in key industries.

Revenue

Ampco-Pittsburgh reported a total revenue decrease of 5.4% to $104.27 million for 2025 Q1. The Forged and Cast Engineered Products segment contributed $72.29 million, while the Air and Liquid Processing segment added $31.98 million. Corporate costs remained at zero, bringing the total revenue from reportable segments to $104.27 million.

Earnings/Net Income

Ampco-Pittsburgh achieved a positive turnaround with EPS of $0.06 in 2025 Q1, compared to a loss of $0.14 per share in 2024 Q1, marking a substantial improvement. The net income increase of 185.7% reflects a strong recovery in profitability.

Price Action

The stock price of Ampco-Pittsburgh climbed 3.62% during the latest trading day, surged 28.25% over the most recent full trading week, and increased 45.92% month-to-date.

Post-Earnings Price Action Review

Ampco-Pittsburgh's post-earnings strategy of buying shares following a revenue increase and holding for 30 days has underperformed the market. The company's 5-year total revenue CAGR was -3.2%, significantly lower than the S&P 500's 6.5%, indicating a decline in revenue over the period, likely contributing to the strategy's poor performance. Additionally, Ampco-Pittsburgh's 5-year total return of -4.2% compares unfavorably to the S&P 500's 8%. The strategy's moderate volatility, with a beta of 0.68, reflects the stock's price movements over the 5-year period. Overall, these financial trends show that the strategy did not outperform the market.

CEO Commentary

Brett McBrayer, CEO of Ampco-Pittsburgh Corporation, expressed optimism for Q1 2025, highlighting improvements in adjusted EBITDA driven by both segments. The U.S. forged business benefited from new equipment, while the Air and Liquid Processing segment saw record order intake, bolstered by nuclear, military, and pharmaceutical markets. McBrayer acknowledged potential tariff impacts but emphasized passing costs to customers to protect margins. Progress in addressing UK facility operational losses was also noted.

Guidance

Ampco-Pittsburgh anticipates near-term effects from market and supply chain adjustments due to tariffs, intending to mitigate these by passing costs to customers. The company remains optimistic about operational improvements at its UK facility, expecting substantial loss reductions. Leadership focuses on leveraging strengths in key industries, emphasizing adaptive pricing and operational efficiencies for sustained growth.

Additional News

Ampco-Pittsburgh recently scheduled its Q1 2025 financial results conference call on May 13th, 2025, at 10:30 a.m. ET. The company also announced a previous customer contract win via a subsidiary on September 12, 2024, showcasing its continued growth efforts. Furthermore, Ampco-Pittsburgh subsidiaries announced a price increase on forged and cast products on March 11, 2025, reflecting strategic shifts in pricing to support operational margins.