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 three months ended June 30, 2023 results: revenue $107.2 million, net income $0.4 million, or $0.02 per diluted share, EPS $0.02 per diluted share.
- Period
- three months ended June 30, 2023
- Revenue
- $107.2 million
- Net income
- $0.4 million, or $0.02 per diluted share
- EPS
- $0.02 per diluted share
- Result
- reported results
Exact text from the filing
Carnegie, PA, August 9, 2023 – Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $107.2 million and $212.0 million for the three and six months ended June 30, 2023, respectively, compared to $102.6 million and $197.0 million for the three and six months ended June 30, 2022, respectively. The increase is primarily attributable to higher sales in the Air and Liquid Processing segment driven by improved volumes. Commenting on the quarter, Ampco-Pittsburgh’s CEO, Brett McBrayer, said, “The Air and Liquid segment led the way in sales growth for both the quarter and year-to-date, and its order intake continues to set new records in Air and Liquid segment backlog, which increased 43% compared to a year ago and 14% sequentially. Despite some higher operating costs in the Forged and Cast Engineered Products segment and lower demand in the oil and gas and steel distribution markets for forged products, roll demand on balance has remained solid and pricing has kept pace with material
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMPCO PITTSBURGH CORP reported six months ended June 30, 2023 results: revenue $212.0 million, net income $1.1 million, or $0.06 per diluted share, EPS $0.06 per diluted share.
- Period
- six months ended June 30, 2023
- Revenue
- $212.0 million
- Net income
- $1.1 million, or $0.06 per diluted share
- EPS
- $0.06 per diluted share
- Result
- reported results
Exact text from the filing
Carnegie, PA, August 9, 2023 – Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $107.2 million and $212.0 million for the three and six months ended June 30, 2023, respectively, compared to $102.6 million and $197.0 million for the three and six months ended June 30, 2022, respectively. The increase is primarily attributable to higher sales in the Air and Liquid Processing segment driven by improved volumes. Commenting on the quarter, Ampco-Pittsburgh’s CEO, Brett McBrayer, said, “The Air and Liquid segment led the way in sales growth for both the quarter and year-to-date, and its order intake continues to set new records in Air and Liquid segment backlog, which increased 43% compared to a year ago and 14% sequentially. Despite some higher operating costs in the Forged and Cast Engineered Products segment and lower demand in the oil and gas and steel distribution markets for forged products, roll demand on balance has remained solid and pricing has kept pace with material
View on SEC.gov