Ampco-Pittsburgh 2025 Q3 Earnings Revenue Rises 12.3% as Net Loss Widens 13.8%

Ampco-Pittsburgh (AP) reported fiscal 2025 Q3 earnings on Nov 12, 2025, with revenue rising 12.3% year-over-year but a net loss widening, underscoring mixed performance. The CEO highlighted strategic exits and EBITDA improvement guidance, while post-earnings price action revealed a 6.83% single-day stock decline.

Revenue

Ampco-Pittsburgh’s total revenue surged 12.3% to $108.01 million in Q3 2025, outpacing the $96.17 million recorded in the prior-year period. The Forged and Cast Engineered Products segment led the charge with $71.47 million, driven by higher-margin roll pricing and volumes. The Air and Liquid Processing segment contributed $36.54 million, reflecting robust demand in industrial processing systems. Corporate costs were nil, and total reportable segments accounted for the full $108.01 million in revenue, indicating a streamlined operational structure.

Earnings/Net Income

The company’s financial performance deteriorated sharply, with net losses deepening to $1.66 million in Q3 2025, a 13.8% increase from the $1.45 million loss in Q3 2024. On a per-share basis, the loss widened to $0.11 from $0.10, marking a 10.0% deterioration. The EPS decline reflects ongoing operational challenges, particularly in restructuring efforts and market volatility.

Price Action

The stock price of Ampco-Pittsburgh fell 6.83% during the latest trading day, 1.55% over the past week, and 13.57% month-to-date, underscoring investor caution following the earnings release.

Post-Earnings Price Action Review

The strategy of purchasing Ampco-Pittsburgh shares on the day of earnings announcements and holding for 30 days generated a cumulative return of 17.5% over three years, translating to an average annual return of 5.8%. This approach capitalized on post-earnings momentum but exposed investors to short-term volatility, particularly with the Q3 net loss. The company’s anticipated $7–$8 million annual adjusted EBITDA improvement post-U.K. exit could enhance future returns, though risks remain tied to market conditions and operational adjustments.

CEO Commentary

CEO Brett McBrayer emphasized progress in restructuring, including the U.K. cast roll facility and steel distribution business exits, which are expected to boost annual adjusted EBITDA by $7–$8 million. He expressed confidence in “sustainable elevated profitability” as trade policies stabilize, despite ongoing steel industry challenges.

Guidance

The company aims to complete U.K. exits by late 2025, with $7–$8 million in annual adjusted EBITDA gains post-restructuring. Forward-looking guidance excludes non-cash exit costs and focuses on improved earnings power, though no 2026 revenue or EPS targets were provided.

Additional News

Ampco-Pittsburgh announced the appointment of David Anderson as CFO, effective January 1, 2026, marking a strategic leadership transition. Concurrently, the company accelerated its exit from the U.K. cast roll operations, placing Union Electric Steel UK Limited into administration, which is projected to eliminate operating losses and boost adjusted EBITDA by $7–$8 million annually. Additionally, the company secured an amended $100 million credit facility, enhancing liquidity and flexibility for global operations. These moves underscore a focus on restructuring and capitalizing on long-term profitability.