Ampco-Pittsburgh swings to Q3 profit
AP•Ampco-Pittsburgh reported Q3 net sales of $111.7 million, up 3% year over year, and net income attributable of $0.5 million, or $0.02 per share. Adjusted EBITDA rose 2%, and the company expects healthy demand through 2026 and into 2027.
1. Quarterly results
Ampco-Pittsburgh reported Q3 net sales of $111.7 million, up 3% year over year, and net income attributable of $0.5 million, or $0.02 per share. Adjusted EBITDA increased 2%.
2. Segment performance
Air and Liquid Processing sales rose 17% on continued demand from power generation, U.S. Navy programs and air handling markets. In Forged and Cast Engineered Products, improved manufacturing efficiency and the ramp-up of the Sweden facility drove higher adjusted operating income despite lower sales.
3. Outlook and cash flow
The company expects healthy demand across key markets through 2026 and into 2027. Some Forged and Cast Engineered Products activity previously anticipated in 2026 is now expected in 2027; Ampco-Pittsburgh said backlog and order trends support its outlook. It attributed strong cash flow and debt reduction to working capital management, including lower accounts receivable and higher customer deposits.
