Ampco-Pittsburgh Q2 2021 sales up 24% YoY to $92.4M; EPS $0.06 vs $0.05

AMPCO PITTSBURGH CORP

2021-Q2 EPS reported $0.06 revenue$179,228,000

Net sales $92.4M in Q2 2021, up 24% YoY; H1 sales $179.2M, up 8% YoY.
Basic EPS $0.06 for Q2 ($0.07 H1) vs $0.05 ($0.38 H1) prior year; prior year H1 included $0.34 per share from CARES Act and insurance.
Income from operations $0.5M in Q2 vs loss of $0.1M prior year; H1 $1.4M vs $4.3M prior year.
CEO expects full top-line recovery to pre-pandemic levels in 2022; credit facility amended/extended to support growth.
Forged & Cast Engineered segment sales improved; Air & Liquid Processing segment sales declined on customer delays.

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