Ampco-Pittsburgh expects strong sequential earnings improvement in Q2 2024, net sales $107-$112M

AMPCO PITTSBURGH CORP

2024-Q2 EPS reported -$0.04 revenue$221,203,000

Net sales expected $107M-$112M for Q2 2024, compared to $110M in Q1 2024.
Income from operations expected $3.8M-$4.8M, up from $0.1M in Q1 2024.
Net income expected $1.1M-$2.1M ($0.05-$0.10 per share), versus net loss of -$2.7M in Q1.
Liquidity as of July 9: $8.6M cash and $27.2M available on revolving credit facility.
CEO cites Q1 Sweden foundry fire impact largely behind, full-quarter benefit of new U.S. machinery.

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