Ampco-Pittsburgh posts Q1 net loss of $2.7M vs income of $0.7M a year ago

AMPCO PITTSBURGH CORP

2024-Q1 EPS reported -$0.14 revenue$110,215,000

Net sales $110.2M, up 5% YoY ($104.8M); income from operations fell to $0.1M from $2.0M.
Net loss per share $(0.14) vs diluted EPS of $0.03 in Q1 2023.
Fire damage at foreign cast roll facility caused plant downtime and higher repair costs.
Interest expense rose $0.7M to $2.8M due to higher borrowings and rates.
Air & Liquid Processing margins hurt by unfavorable mix and expansion costs; order book expected to convert.

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 0.99

AMPCO PITTSBURGH CORP reported the three months ended March 31, 2024 results: revenue $110.2 million, net income $(2.7) million, or $(0.14) per share, EPS $(0.14) per share.

Period: the three months ended March 31, 2024
Revenue: $110.2 million
Net income: $(2.7) million, or $(0.14) per share
EPS: $(0.14) per share
Result: reported results

Exact text from the filing

Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $110.2 million for the three months ended March 31, 2024, compared to $104.8 million for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-059153

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