secwatch.observer — SEC 8-K summary
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Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001193125-22-076845
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ampco-Pittsburgh Q4 operating loss of $12.6M; full-year sales up 5%
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- Q4 net sales $84.5M down from $87.0M; full-year net sales $344.9M up 5% from $328.5M.
- Q4 operating loss $12.6M vs income $2.0M; includes $6.7M pre-tax asbestos revaluation charge.
- Full-year backlog grew 19%; Forged Engineered Products backlog up 319% on steel and oil & gas demand.
- Price increases implemented in Oct/Nov 2021 to cover energy and transport; expected full margin benefit by Q2 2022.
- Adjusted loss from operations (non-GAAP) was $4.6M in Q4 vs adjusted income of $2.3M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000119312522076845/0001193125-22-076845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000119312522076845/d311329d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-076845

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