---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-040704"
form_type: "8-K"
ticker: "AP"
cik: "0000006176"
company_name: "AMPCO PITTSBURGH CORP"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:43:32.984262+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ampco-Pittsburgh Q2 net income drops to $0.02 per share despite 4.5% revenue gain

## Summary
- Q2 net sales $107.2M (+4.5% YoY); net income $0.4M ($0.02 EPS) vs $2.8M ($0.14 EPS) a year ago.
- Air & Liquid Processing sales up 29% in Q2 and 35% YTD; segment backlog up 43% YoY.
- Forged & Cast Engineered Products sales flat; lower demand from oil & gas and steel distribution.
- YTD operating income more than tripled to $5.3M from $1.6M; interest expense rose due to higher rates and borrowings.
- Strategic capital program for US forged business on track for completion by end of 2023.

## SEC filing metadata
- accession: 0000950170-23-040704
- form_type: 8-K
- ticker: AP
- cik: 0000006176
- company_name: AMPCO PITTSBURGH CORP
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6176/000095017023040704/0000950170-23-040704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6176/000095017023040704/ap-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040704
- JSON: https://secwatch.observer/filing/0000950170-23-040704.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040704.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/6176/000095017023040704/0000950170-23-040704-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/6176/000095017023040704/0000950170-23-040704-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.