Ampco-Pittsburgh Q1 net income $0.7M; sales up 11% YoY to $104.8M

AMPCO PITTSBURGH CORP

2023-Q1 EPS reported $0.03 revenue$104,803,000

Net income $0.7M ($0.03 diluted EPS) vs near breakeven in Q1 2022.
Sales $104.8M, up 11% YoY; backlog up 16% YoY.
Operating income $2.0M vs operating loss $0.5M in prior year.
Air and Liquid Processing segment drove sales growth; forged and cast pricing up.
Equipment modernization in US forged operations on track for completion in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMPCO PITTSBURGH CORP reported the three months ended March 31, 2023 results: revenue $104.8 million, net income $0.7 million, EPS $0.03 per diluted share.

Period: the three months ended March 31, 2023
Revenue: $104.8 million
Net income: $0.7 million
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

Ampco-Pittsburgh Corporation (NYSE: AP) reported net income of $0.7 million, or $0.03 per diluted share, for the three months ended March 31, 2023, which improved when compared to approximately breakeven results for the three months ended March 31, 2022. The Corporation reported net sales of $104.8 million for the three months ended March 31, 2023, compared to $94.4 million for the three months ended March 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-022291

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