What factors drove the changes in Ampco-Pittsburgh's revenue and profit?

What guidance did Ampco-Pittsburgh's management provide for the next earnings period?

What were the key takeaways from Ampco-Pittsburgh's earnings call?

What is Ampco-Pittsburgh's gross profit margin?

What is the revenue and EPS growth rate for Ampco-Pittsburgh year over year?

What is the market's earnings forecast for Ampco-Pittsburgh next quarter?

What is Ampco-Pittsburgh's latest dividend and current dividend yield?

What were the key takeaways from Ampco-Pittsburgh’s earnings call?

- **35% EBITDA Growth:** Q3 adjusted EBITDA $9.2M vs $6.8M prior year.
- **$7-8M Annual EBITDA Improvement:** From U.K. closure and AUP exit.
- **Nuclear Market Expansion:** Air & Liquid Systems heat exchangers for new reactors.
- **CFO Transition:** David Anderson to lead finance while maintaining operational role.
- **Sweden Plant Utilization:** 80% of former U.K. capacity by 2026.


**【CEO Opening Remarks】**
- Q3 2025 adjusted EBITDA of $9.2 million, up 35% YoY, driven by Air & Liquid Systems segment.
- Accelerated exit of U.K. cast roll facility and AUP steel distribution business to improve annual EBITDA by $7-8 million.
- 2026 strategy focuses on profitability through operational efficiency and asset optimization.

**【Segment Updates】**
**Forged & Cast Engineered Products (FCEP):**
- Q3 net sales $71.5M (-6.4% QoQ, +4.3% YoY) with $7.1M EBITDA improvement vs Q2.
- U.K. plant closure to stop losses by Q4, Sweden plant utilization to increase 2026.
- Tariffs on European imports (15-50%) passed to customers; long-term roll demand stable.

**Air & Liquid Systems:**
- Q3 revenue up 26% YoY, EBITDA $4.4M (+31% YoY), highest year-to-date.
- Nuclear market orders exceed prior full year; Navy funding expands pump capacity.
- Tariffs on copper managed via supply chain adjustments.

**【CFO Financial Highlights】**
- Net sales $108M (+12% YoY), adjusted EBITDA $9.2M (+35% YoY).
- $3.1M exit charges for U.K. and AUP; 2025 year-to-date EBITDA $26M vs prior year.
- Liquidity: $15M cash + $28.2M undrawn credit facility.
- U.K. liquidation expected to reduce debt by $8-9M via asset sales.

**【Q&A Highlights】**
- **U.K. Closure Proceeds:** $8-9M net proceeds to reduce debt; Sweden plant to absorb 80% of U.K. volume.
- **Capacity Expansion:** Air & Liquid Systems adding Navy-funded equipment for 2026 growth.
- **Nuclear Market Positioning:** Early supplier for heat exchangers in new reactors.
- **Leadership Transition:** David Anderson to become CFO in Jan 2026, Mike McAuley to advise until mid-2026.


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