earnings
confidence high
sentiment neutral
materiality 0.70
Ampco-Pittsburgh Q4 EPS $0.16, full-year $0.02; adjusted ops income rises to $8.0M
AMPCO PITTSBURGH CORP
- Q4 2024 EPS $0.16, full-year $0.02 vs loss of $2.12 and $2.04 per share in 2023.
- Non-GAAP adjusted income from operations $8.0M for 2024, up $3.7M (86%) from $4.2M in 2023.
- Record Air & Liquid Processing sales in 2024; Forged & Cast segment operating income up 38% YoY despite lower revenue.
- Exploring options to mitigate losses at UK cast roll operations where operating losses exceed $5M annually; formal consultation underway.