Ampco-Pittsburgh Corp (N:AP)

Sector:  Basic Materials Industry:  Steel
 
See Regulatory Filings on SEC
Company Contact
Address: 726 Bell Ave Ste 301
CARNEGIE PA 15106-1138
Tel: N/A
Website: https://ampcopgh.com
IR: See website
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Key People
J. Brett McBrayer
Chief Executive Officer, Director
Michael G. McAuley
Chief Financial Officer, Senior Vice President, Treasurer
David G. Anderson
President of Air and Liquid Systems Corporation
Samuel C. Lyon
President of Union Electric Steel Corporation
   
Business Overview
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. The Company's segments include Forged and Cast Engineered Products (FCEP) and the Air and Liquid Processing (ALP). The FCEP segment produces forged hardened steel rolls, cast rolls and forged engineered products. Forged hardened steel rolls are used primarily in hot and cold rolling mills by producers of steel, aluminum and other metals. Cast rolls are produced in a variety of iron and steel qualities. The ALP segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation, a subsidiary of the Company. Aerofin produces custom-engineered finned tube heat exchange coils and related heat transfer products for a variety of industries including original equipment manufacturer/commercial, nuclear power generation and industrial manufacturing.
Financial Overview
For the fiscal year ended 31 December 2023, Ampco-Pittsburgh Corp revenues increased 8% to $422.3M. Net loss totaled $39.9M vs. income of $3.4M. Revenues reflect Air and Liquid Processing segment increase of 31% to $118.6M, Forged and Cast Engineered Products segment increase of 1% to $303.8M, United States segment increase of 19% to $243.2M. Net loss reflects Selling and administrative increase of 17% to $50.9M (expense).
Employees: 1,697 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $164.48M as of Dec 31, 2023
Annual revenue (TTM): $422.34M as of Dec 31, 2023
EBITDA (TTM): $23.60M as of Dec 31, 2023
Net annual income (TTM): -$39.93M as of Dec 31, 2023
Free cash flow (TTM): -$24.13M as of Dec 31, 2023
Net Debt Last Fiscal Year: $121.37M as of Dec 31, 2023
Shares outstanding: 19,865,749 as of Mar 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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