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Ampco pittsburgh Corp  (NYSE: AP)
Other Ticker:  
 
 
Price: $2.6700 $-0.01 -0.373%
Day's High: $2.75 Week Perf: 8.54 %
Day's Low: $ 2.57 30 Day Perf: 36.92 %
Volume (M): 33 52 Wk High: $ 2.79
Volume (M$): $ 88 52 Wk Avg: $1.91
Open: $2.71 52 Wk Low: $0.74



 Market Capitalization (Millions $) 53
 Shares Outstanding (Millions) 20
 Employees 1,697
 Revenues (TTM) (Millions $) 425
 Net Income (TTM) (Millions $) -42
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 15

Ampco Pittsburgh Corp

The Corporation classifies its businesses in two segments: Forged and Cast Engineered Products and Air and Liquid Processing.

Forged and Cast Rolls segment recognized a need to diversify its product offerings and started producing non-roll products - primarily ingot and open die forged products which are used in the gas and oil industry and the aluminum and plastic extrusion industries.

Forged and Cast Engineered Products Segment
Union Electric Steel Corporation produces ingot and forged products that service a wide variety of industries globally. It specializes in the production of forged hardened steel rolls used in cold rolling by producers of steel, aluminum and other metals throughout the world. In addition, it produces ingot and open die forged products which are used in the gas and oil industry and the aluminum and plastic extrusion industries. Although currently representing a minor portion of the segment’s business activity, sales of ingot and open die forged products are expected to grow and become a more significant portion of our segment’s business activity. It is headquartered in Carnegie, Pennsylvania with three manufacturing facilities in Pennsylvania and one in Indiana. Union Electric Steel Corporation is one of the largest producers of forged hardened steel rolls in the world. In addition to a few domestic competitors, several major European, South American and Asian manufacturers also compete in both the domestic and foreign markets. In 2007, a subsidiary became a 49% partner in a joint venture in China to manufacture large forged backup rolls, principally in weights and sizes larger than those which can be made in the subsidiary’s facilities in the United States.

Union Electric Steel UK Limited produces cast rolls for hot and cold strip mills, medium/heavy section mills and plate mills in a variety of iron and steel qualities. It is located in Gateshead, England and is a major supplier of cast rolls to the metalworking industry worldwide. It primarily competes with European, Asian and North and South American companies in both the domestic and foreign markets. Union Electric Steel UK Limited is a 25% partner in a Chinese joint venture which produces cast rolls.

Air and Liquid Processing Segment
Aerofin Division of Air & Liquid Systems Corporation produces custom-engineered finned tube heat exchange coils and related heat transfer products for a variety of industries including fossil fuel and nuclear power generation, automotive, industrial process and HVAC, and is located in Lynchburg, Virginia.
Buffalo Air Handling Division of Air & Liquid Systems Corporation produces large custom air handling systems used in commercial, institutional and industrial buildings and is located in Amherst, Virginia.

Buffalo Pumps Division of Air & Liquid Systems Corporation manufactures a line of centrifugal pumps for the refrigeration, power generation and marine defense industries and is located in North Tonawanda, New York.
All three of the divisions in this segment are principally represented by a common independent sales organization and have several major competitors.
In both segments, the products are dependent on engineering, principally custom designed, and are sold to sophisticated commercial and industrial users located throughout the world.



   Company Address: 726 Bell Avenue Carnegie 15106 PA
   Company Phone Number: 456-4400   Stock Exchange / Ticker: NYSE AP


Customers Net Income grew by AP's Customers Net Profit Margin grew to

71.33 %

12.4 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Business Update

Ampco-Pittsburghs Strategic Contract Win Signals Growth Potential in Pharmaceutical Sector

Published Thu, Sep 12 2024 8:47 PM UTC

In a significant development for the manufacturing landscape, Ampco-Pittsburgh Corporation (NYSE: AP) has announced an $8.7 million contract win through its Buffalo Air Handling Division, catering to a major pharmaceutical player. Based in Carnegie, Pennsylvania, this order not only underscores Ampco-Pittsburgh?s commitment to innovation but also highlights the growing deman...

Stocks on the Move

Ampco-Pittsburgh Corp. A Promising Outlook Backed by Strong Performance and Contract Wins

Published Fri, Jul 19 2024 8:48 PM UTC

Ampco-Pittsburgh Corp. (NYSE: AP), a leading manufacturer of metal products, has been making waves in the market recently with its positive financial results and significant contract wins. This article aims to delve into the company s recent developments, including its financial performance, contract wins, and overall market positioning. With a promising outlook, Ampco-Pitts...

Business Update

Ampco-Pittsburgh Corporations Resilience Shines Through Second Quarter 2024 Earnings and Liquidity Update

Published Thu, Jul 11 2024 3:58 AM UTC

Ampco-Pittsburgh Corporation (NYSE: AP), a leading global manufacturer, recently revealed preliminary estimates for its net sales, income from operations, net income, and liquidity position for the second quarter of 2024. Despite challenging market conditions, the Corporation showcased its resilience by delivering strong sales figures and maintaining a robust liquidity posit...

Business Update

Ampco-Pittsburgh Subsidiaries Announce Commercial Contract Wins and Strong Growth in Sales Order Backlog

Published Wed, Jul 10 2024 3:24 AM UTC

Ampco-Pittsburgh Triumphs with Strategic Contract Wins Amid Modest Revenue Growth CARNEGIE, Pa. Ampco-Pittsburgh Corporation (NYSE: AP), a company renowned for its manufacturing prowess within the steel and aluminum industries, has announced significant commercial contract wins and a robust growth in its sales order backlog. This development is attributed to its wholly-o...

Ampco Pittsburgh Corp

Ampco-Pittsburgh Corp Defies Market Turbulence with Unchanged Earnings per Share and Moderate Revenue Rise

In an exciting development for investors, Ampco-Pittsburgh Corporation (NYSE: AP) has announced unchanged earnings per share at $0.04 on a moderate revenue rise of 2.58% to $102.22 million in their recently released financial report for the period ending September 30, 2023. This marks a positive shift from the comparable reporting season a year ago and demonstrates the company's ability to maintain stability and growth in a dynamic market.
Compared to the preceding reporting season, earnings per share soared by an impressive 100% from $0.02 per share, while revenue decreased by -4.657% from $107.21 million. Despite this slight decrease in revenue, Ampco-Pittsburgh Corp continues to showcase its strength and resilience in adapting to market conditions.







Ampco Pittsburgh's Segments
Forged and Cast Mill Rolls    66.38 % of total Revenue
FEP    3.5 % of total Revenue
Forged and Cast Engineered Products    69.88 % of total Revenue
Air and Liquid Processing    30.12 % of total Revenue
Air Handling Systems    9.21 % of total Revenue
Heat Exchange Coils    11.26 % of total Revenue
Centrifugal Pumps    9.66 % of total Revenue

  Ampco Pittsburgh Outlook

On August 13 2024 the Ampco Pittsburgh provided following guidance

nnAmpco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2024 Resultsnn

nnCarnegie, PAnn ? Ampco-Pittsburgh Corporation has released its financial results for the second quarter of 2024, showcasing a notable sequential increase in earnings. The company reported that its performance was at the upper end of the anticipated guidance range.

In a significant turnaround, the operating income for Q2 2024 surged by 53% compared to the same quarter in the previous year. This impressive growth was primarily driven by robust performance in the Forged and Cast Engineered Products segments, which played a crucial role in enhancing the overall financial results.

In conjunction with the...





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