earnings
confidence high
sentiment negative
materiality 0.75
Ampco-Pittsburgh reports Q2 net loss of $7.3M, includes $6.8M U.K. exit costs
AMPCO PITTSBURGH CORP
2025-Q2 EPS reported
-$0.31
revenue$217,369,000
- Net loss $7.3M ($0.36/share) vs net income $2.0M ($0.10/share) in Q2 2024; includes $6.8M charge for U.K. cast roll exit.
- Adjusted EBITDA $8.0M, down $2.1M YoY; cites tariff volatility, weaker mill roll sales, higher manufacturing costs.
- Net sales $113.1M, up slightly from $111.0M YoY; forged engineered products higher, mill roll sales lower.
- Forged & Cast Engineered segment backlog declined 9% from Q1 due to customer pause on tariff uncertainty.
- Company expects at least $5M annual operating income improvement after U.K. exit; plans to proceed with closure.