---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-036007"
form_type: "8-K"
ticker: "AP"
cik: "0000006176"
company_name: "AMPCO PITTSBURGH CORP"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:50:11.638171+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ampco-Pittsburgh reports Q4 net loss $41.8M ($2.12/share) on $40.9M asbestos charge

## Summary
- Q4 2023 sales $108.1M (+16% YoY); FY 2023 sales $422.3M (+8% YoY).
- Full-year loss from operations $34.6M vs income $2.8M in 2022; non-GAAP adjusted income improved $4.5M.
- Air & Liquid Processing segment sales up 35% in Q4 and 31% FY 2023 vs prior year; record segment sales.
- Asbestos-related revaluation charge of $40.9M non-cash in Q4; net loss includes ~$2.00/share after-tax impact.
- CEO cites high European energy costs and excess U.S. forged capacity; equipment modernization ending Q1 2024.

## SEC filing metadata
- accession: 0000950170-24-036007
- form_type: 8-K
- ticker: AP
- cik: 0000006176
- company_name: AMPCO PITTSBURGH CORP
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6176/000095017024036007/0000950170-24-036007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6176/000095017024036007/ap-20240325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-036007
- JSON: https://secwatch.observer/filing/0000950170-24-036007.json
- Plain text: https://secwatch.observer/filing/0000950170-24-036007.txt

## Key facts
- Earnings Releases
  AMPCO PITTSBURGH CORP reported the twelve months ended December 31, 2023 results: revenue $422.3 million, net income $39.9 million, EPS $2.04 per share.
  - Period: the twelve months ended December 31, 2023
  - Revenue: $422.3 million
  - Net income: $39.9 million
  - EPS: $2.04 per share
  - Result: reported results
  source text: U.S. forged business equipment modernization program in Q1 2024. Carnegie, PA, March 25, 2024 – Ampco-Pittsburgh Corporation (NYSE: AP)reported net sales of $108.1 million and $422.3 million for the three and twelve months ended December 31, 2023, compared to $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, respectively. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/6176/000095017024036007/0000950170-24-036007-index.htm
- Earnings Releases
  AMPCO PITTSBURGH CORP reported the three months ended December 31, 2023 results: revenue $108.1 million, net income $41.8 million, EPS $2.12 per share.
  - Period: the three months ended December 31, 2023
  - Revenue: $108.1 million
  - Net income: $41.8 million
  - EPS: $2.12 per share
  - Result: reported results
  source text: Ampco-Pittsburgh Corporation (NYSE: AP)reported net sales of $108.1 million and $422.3 million for the three and twelve months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/6176/000095017024036007/0000950170-24-036007-index.htm

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