secwatch.observer — SEC 8-K summary
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Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001193125-22-217416
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000119312522217416/0001193125-22-217416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000119312522217416/d394454d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-217416

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