earnings
confidence high
sentiment neutral
materiality 0.70
Ampco-Pittsburgh reports Q4 GAAP net loss $57.7M; FY Adj. EBITDA +4% to $29.2M
AMPCO PITTSBURGH CORP
- Q4 GAAP net loss of $57.7M ($2.85/share); FY loss $66.1M ($3.28/share).
- Q4 includes $42.4M UK cast roll exit charge and $11.9M asbestos revaluation ($54.3M non-cash).
- Adjusted EBITDA Q4 $3.2M (down from $6.0M), FY $29.2M (up 4% vs $28.1M).
- Net sales Q4 $108.8M, FY $434.2M, up 8% and 4% respectively.
- Exited UK cast roll facility; expects $7–8M annual EBITDA improvement; Air & Liquid segment revenue at record.