Ampco-Pittsburgh 2025 Q3 Earnings Widened Loss Despite 12.3% Revenue Growth

Ampco-Pittsburgh (AP) reported a widened net loss for Q3 2025, missing profitability expectations despite strong revenue growth. The company reiterated its guidance for EBITDA improvement post-UK exit but did not raise or lower full-year forecasts.

Revenue

Ampco-Pittsburgh’s total revenue surged 12.3% year-over-year to $108.01 million in Q3 2025. The Forged and Cast Engineered Products segment led with $71.47 million, while the Air and Liquid Processing segment contributed $36.54 million.

Earnings/Net Income

The company’s losses deepened to $0.11 per share in Q3 2025, a 10.0% wider loss compared to $0.10 per share in Q3 2024. Net loss expanded to $1.66 million, up 13.8% from $1.45 million in the prior-year period, reflecting ongoing operational challenges.

Post-Earnings Price Action Review

The stock price of Ampco-Pittsburgh declined sharply in the immediate aftermath of the earnings report, falling 6.83% in the latest trading day and 13.57% month-to-date. However, a historical backtest revealed that purchasing AP shares on earnings dates and holding for 30 days yielded a 17.5% cumulative gain over the past three years—6.1 percentage points above the S&P 500’s 11.4% return. This suggests that the company’s positive financial outlook, despite the current loss, historically supported favorable investor returns.

CEO Commentary

CEO Brett McBrayer emphasized progress in “right-sizing” the operating footprint, including the accelerated exit from the U.K. cast roll facility and a steel distribution business. He projected $7–$8 million annual Adjusted EBITDA improvement post-exit and expressed confidence in achieving “sustainable elevated profitability” ahead of 2026.

Guidance

The company expects to finalize the U.K. exit by year-end 2025, with the associated EBITDA uplift expected to “fundamentally change the earnings power of our portfolio.” No additional guidance beyond the EBITDA improvement range and exit timeline was provided.

Additional News

1. CFO Transition: David Anderson was appointed as CFO, effective January 1, 2026, while retaining his role as President of Air & Liquid Systems Corporation.

2. U.K. Exit Acceleration: The U.K. cast roll facility was placed into administration, accelerating the exit and expected to eliminate operating losses starting Q4 2025.

3. Credit Facility Restructuring: Ampco-Pittsburgh secured a $100 million asset-backed revolving credit facility and a $13.5 million term loan, enhancing liquidity and flexibility for global operations.