secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124672
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000095017024124672/0000950170-24-124672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000095017024124672/ap-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124672

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer