Ampco-Pittsburgh Q2 2022 EPS $0.02, sales up 11% to $102.6M; backlog record high

AMPCO PITTSBURGH CORP

2022-Q2 EPS reported $0.11 revenue$197,008,000

Net sales $102.6M (Q2 2022) vs $92.4M prior year, +11% on higher pricing and forged product volumes.
Net income $0.4M ($0.02 diluted EPS) vs $1.1M ($0.05) prior year; operating loss of $0.3M.
Forged & Cast segment sales improved but operating income declined due to cost inflation lagging surcharges and COVID subsidy refund.
Air & Liquid Processing sales up in Q2 but YTD down on supply chain issues; operating income improved on better mix and lower costs.
Backlog up 19% YTD and 7% sequentially to record levels in Air & Liquid Processing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.