secwatch.observer — SEC 8-K summary
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Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0000950170-24-059153
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000095017024059153/0000950170-24-059153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000095017024059153/ap-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-059153

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