Ampco-Pittsburgh 2025 Q3 Earnings Wider Losses Despite 12.3% Revenue Growth

Ampco-Pittsburgh (AP) reported fiscal 2025 Q3 results on November 12, 2025, with revenue rising 12.3% year-over-year but net losses expanding. The company missed profitability expectations despite strong top-line growth, and provided no specific 2026 guidance, aligning with restructuring-related uncertainties.

Revenue

Ampco-Pittsburgh’s total revenue climbed to $108.01 million in Q3 2025, driven by robust performance across its two core segments. The Forged and Cast Engineered Products division led with $71.47 million in sales, bolstered by higher shipment volumes and pricing in forged steel rolls. The Air and Liquid Processing segment supplemented this with $36.54 million in revenue, reflecting strong demand for industrial processing systems.

Earnings/Net Income

The company’s net loss widened to $1.66 million ($0.11 per share) in Q3 2025, a 13.8% deterioration from the $1.45 million ($0.10 per share) loss in the prior-year period. The EPS and net income performance fell short of expectations, with losses deepening amid restructuring costs and sluggish steel market conditions.

Post-Earnings Price Action Review

A historical backtest of Ampco-Pittsburgh’s stock revealed that purchasing shares on earnings announcements and holding for 30 days generated a 17.3% cumulative return over the past three years, yielding $1.77 in profit.

CEO Commentary

CEO Brett McBrayer emphasized progress in restructuring efforts, including the exit from the UK cast roll facility and a non-core steel distribution business. These moves are projected to deliver $7–$8 million in annual Adjusted EBITDA improvements post-completion, with the CEO expressing optimism about long-term profitability amid evolving trade policies.

Guidance

The company anticipates elevated profitability in 2026 following the UK and steel distribution exits, though no specific revenue or EPS targets were provided. Management expects the restructuring to significantly enhance consolidated earnings starting in Q4 2025.

Additional News

Ampco-Pittsburgh announced the appointment of David Anderson as CFO, effective January 1, 2026, marking a strategic leadership transition. The company also accelerated its exit from the UK cast roll operations, incurring a non-cash charge of $43–45 million but expecting $7–$8 million annual EBITDA gains. Additionally, the firm secured an amended $100 million credit facility to bolster liquidity and support global operations.