Ampco-Pittsburgh Reports Sales Gain
Ampco-Pittsburgh (NYSE:AP), a maker of engineered products for steel and process industries, released its earnings for the second quarter of fiscal 2025 on August 12, 2025. The most important news in the release was the net loss (GAAP), which reversed from a profit in the prior year due to a one-time cost of exiting the U.K. cast roll operations. Revenue (GAAP) edged up to $113.1 million compared to $111.0 million in the prior year. In the absence of Wall Street analyst estimates, these actual results serve as the key benchmark for performance. Management reported that despite improvements in certain areas, ongoing challenges in global steel demand and trade policy volatility hurt the bottom line. Operating margins and profits declined, with restructuring costs weighing heavily on results.
Ampco-Pittsburgh (NYSE:AP) produces engineered industrial equipment, with its main business lines centered on forged and cast rolls, open die-forged products, and custom-engineered heat exchange coils. The company operates two segments: Forged and Cast Engineered Products (FCEP) and Air and Liquid Processing (ALP). FCEP supplies vital parts to steel mills and related industries worldwide. ALP specializes in products for energy, military, and pharmaceutical end markets.
Recently, the company has focused on operational efficiency programs and restructuring, including the planned exit from its U.K. cast roll business to combat persistent losses. Key success factors include demand for steel, adaptation to geopolitical developments affecting trade, maintaining strong customer relationships, and managing inflation and supply costs, especially in ALP’s markets.
Source Fool.com
