earnings
confidence high
sentiment neutral
materiality 0.65
Ampco-Pittsburgh Q2 net income $2.0M ($0.10 EPS); sales $111M (+3.5% YoY); op income up 53%
AMPCO PITTSBURGH CORP
2024-Q2 EPS reported
-$0.04
revenue$221,203,000
- Q2 net sales $111.0M, up 3.5% from $107.2M YoY.
- Operating income $5.0M (+53% YoY) despite absence of $1.9M foreign energy credit.
- Air and Liquid Processing sales up 19% YoY; Forged and Cast Engineered sales down slightly but pricing improved.
- Net income $2.0M ($0.10 diluted EPS) vs $0.4M ($0.02) in prior year.
- CEO cites sequential improvement at high end of guidance; European cast roll business still weak.