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

What does Ampco-Pittsburgh do and what are its main business segments?

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

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

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

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

Did Ampco-Pittsburgh beat or miss consensus estimates last quarter?

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.


Ampco-Pittsburgh Corporation (AP) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AP

AP fundamentals

You can ask Aime