Ampco-Pittsburgh Corp (N:AP)

Business Focus: Pump & Pumping Equipment

Sector:  Industrials Industry:  Industrial Machinery & Equipment
See Regulatory Filings on SEC
Company Contact
Address: 726 Bell Ave Ste 301
CARNEGIE PA 15106-1138
Tel: N/A
IR: See website
Key People
Rose Hoover
President, Chief Administrative Officer
J. Brett McBrayer
Chief Executive Officer
Michael G. McAuley
Chief Financial Officer, Senior Vice President, Treasurer
Maria Trainor
Vice President, General Counsel, Secretary
Business Overview
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK). The Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation (Air and Liquid), a subsidiary of the Company. Union Electric Steel produces ingot and forged products that service a range of industries across the globe. UES-UK produces cast rolls for hot and cold strip mills, medium/heavy section mills and plate mills in a range of iron and steel qualities.
Financial Overview
For the six months ended 30 June 2019, Ampco-Pittsburgh Corp revenues decreased 7% to $210M. Net loss before extraordinary items increased from $275K to $13.4M. Revenues reflect United States segment decrease of 57% to $51.5M, Foreign segment decrease of 51% to $56M. Higher net loss reflects Impairment charge increase from $0K to $10.1M (expense), Interest Exp-Net of Capitalized Interest increase of 32% to $2.5M (expense).
Employees: 1,922 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $117.95M as of Jun 30, 2019
Annual revenue (TTM): $386.94M as of Jun 30, 2019
EBITDA (TTM): $9.18M as of Jun 30, 2019
Net annual income (TTM): -$54.39M as of Jun 30, 2019
Free cash flow (TTM): -$13.34M as of Jun 30, 2019
Net Debt Last Fiscal Year: $71.69M as of Jun 30, 2019
Shares outstanding: 12,640,526 as of Aug 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization