Ampco-Pittsburgh reports Q3 net loss $2.0M vs net income $0.8M a year ago

AMPCO PITTSBURGH CORP

2024-Q3 EPS reported -$0.13 revenue$317,369,000

Net sales $96.2M in Q3 2024, down 5.9% from $102.2M in Q3 2023.
Diluted EPS ($0.10) loss in Q3 2024 vs $0.04 profit in Q3 2023.
Forged and Cast segment margins improved on pricing and productivity, offsetting lower volumes.
Sequential backlog improved in Q3 2024 vs Q2 2024 led by higher roll order intake.
Interest expense rose due to higher equipment financing and revolver borrowings.

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