Ampco-Pittsburgh Corp (N:AP)
Business Focus: Iron, Steel Mills & Foundries
Mar 25, 2024 04:32 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2023 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $108.1 million and $422.3 million for the three and twelve months ended December 31, 2023, compared to $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, respectively. The increase for both the three and twelve months ended December 31, 2023, over the prior year periods was primarily driven by record Air and Liquid segment sales, higher forged roll shipment volumes, and higher net roll pricing, offset in part by lower shipments of forged engineered products.
Mar 12, 2024 04:05 pm ET
Ampco-Pittsburgh Schedules Fourth Quarter 2023 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, March 26, 2024, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 31, 2023.
Nov 13, 2023 04:15 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2023 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $102.2 million and $314.2 million, respectively, for the three and nine months ended September 30, 2023, compared to $99.6 million and $296.7 million for the three and nine months ended September 30, 2022, respectively. The increase is attributable to higher shipments for the Air and Liquid Processing segment.
Nov 06, 2023 04:15 pm ET
Ampco-Pittsburgh Schedules Third Quarter 2023 Earnings Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, November 14, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2023.
Aug 09, 2023 04:05 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2023 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $107.2 million and $212.0 million for the three and six months ended June 30, 2023, respectively, compared to $102.6 million and $197.0 million for the three and six months ended June 30, 2022, respectively. The increase is primarily attributable to higher sales in the Air and Liquid Processing segment driven by improved volumes.
Aug 07, 2023 04:10 pm ET
Ampco-Pittsburgh Corporation to Present at the 14th Annual Midwest IDEAS Investor Conference on August 24th, 2023 in Chicago, IL
Ampco-Pittsburgh Corporation (NYSE: AP) (The “Corporation”) announced today that J. Brett McBrayer, Ampco Chief Executive Officer, Sam Lyon, President of Union Electric Steel, and David Anderson, President of Air and Liquid Systems, will present at the Midwest IDEAS Investor Conference on August 24, 2023 at The Gwen in Chicago, IL. The Corporation’s presentation is scheduled to begin at 10:40 am CT.
Aug 01, 2023 04:00 pm ET
Ampco-Pittsburgh Schedules Second Quarter 2023 Earnings Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, August 10, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2023.
May 15, 2023 05:03 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2023 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported net income of $0.7 million, or $0.03 per diluted share, for the three months ended March 31, 2023, which improved when compared to approximately breakeven results for the three months ended March 31, 2022.
May 02, 2023 04:20 pm ET
Ampco-Pittsburgh Corporation Announces First Quarter 2023 Results Conference Call Date
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, May 16, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2023.
Mar 20, 2023 04:47 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2022 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $93.5 million and $390.2 million for the three and twelve months ended December 31, 2022, compared to $84.5 million and $344.9 million for the three and twelve months ended December 31, 2021, respectively. The increase for both the three and twelve months ended December 31, 2022, over the prior year periods is principally due to improved pricing, including higher variable-index surcharges, and increased demand for mill rolls, as well as higher shipment volumes of custom air handlers and heat exchange coils.
Mar 10, 2023 09:46 am ET
Ampco-Pittsburgh Corporation Announces Fourth Quarter 2022 Results Conference Call Date
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, March 21, 2023, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter ended December 31, 2022.
Feb 15, 2023 05:07 pm ET
Ampco-Pittsburgh Subsidiaries to Increase Prices on Forged and Cast Rolls
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise base prices 10-15% on all forged and cast roll products that it and its subsidiaries produce globally. This increase is effective on all new quotations and new orders. Material and energy surcharges will remain in effect.
Nov 14, 2022 05:17 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2022 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $99.6 million and $296.7 million, respectively, for the three and nine months ended September 30, 2022, compared to $81.2 million and $260.4 million for the three and nine months ended September 30, 2021, respectively. The increase is primarily attributable to higher selling prices and variable-index surcharges in the Forged and Cast Engineered products and a higher level of shipments in both segments, offset in part by unfavorable foreign exchange translation.
Nov 04, 2022 09:31 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Third Quarter 2022 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, November 15, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2022.
Aug 18, 2022 11:32 am ET
Ampco-Pittsburgh Corporation to Present at the 12th Annual Midwest IDEAS Investor Conference on August 24th in Chicago, IL
Ampco-Pittsburgh Corporation (NYSE: AP) (The “Corporation”) announced today that J. Brett McBrayer, Chief Executive Officer, will present at the Midwest IDEAS Investor Conference on August 24, 2022 at The Gwen in Chicago, IL. The Corporation’s presentation is scheduled to begin at 9:30 am CT.
Aug 10, 2022 05:08 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2022 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) reported net sales of $102.6 million and $197.0 million for the three and six months ended June 30, 2022, respectively, compared to $92.4 million and $179.2 million for the three and six months ended June 30, 2021, respectively. The increase is primarily attributable to higher sales in the Forged and Cast Engineered Products segment driven by higher pricing, including surcharges, and a higher volume of shipments of forged engineered products to the steel distribution and oil and gas markets.
Aug 01, 2022 05:05 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Second Quarter 2022 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, August 11, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2022.
Jul 22, 2022 04:26 pm ET
Ampco-Pittsburgh Announces Final Results of Offer to Exercise Allowing Series A Warrants to be Exercised at a Reduced Price
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the final results of its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock). The Offer to Exercise expired at 11:59 p.m. Eastern Time on July 15, 2022.
Jul 18, 2022 08:15 am ET
Ampco-Pittsburgh Announces Preliminary Results of Offer to Exercise Allowing Series A Warrants to be Exercised at a Reduced Price
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the preliminary results of its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock). The Offer to Exercise expired at 11:59 p.m. Eastern Time on July 15, 2022.
Jun 29, 2022 08:23 am ET
Ampco-Pittsburgh Announces Extension of Temporary Offer Allowing Series A Warrants to be Exercised at a Reduced Price
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced it has extended its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock) until 11:59 p.m. (Eastern Time), on July 15, 2022, unless further extended or terminated. The Offer to Exercise was previously scheduled to expire at 11:59 p.m. (Eastern Time), on June 28, 2022. As of June 28, 2022, 72,201 Series
Jun 13, 2022 04:52 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) to Present Virtually at the 12th Annual East Coast IDEAS Investor Conference on June 22nd
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the virtual East Coast IDEAS Investor Conference on June 22, 2022.
May 31, 2022 05:19 pm ET
Ampco-Pittsburgh Announces Temporary Offer Allowing Series A Warrants to be Exercised at a Reduced Price
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the filing of a Tender Offer and Prospectus Supplement (the “Offer”) with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to which the exercise price of each tendered Series A Warrant of the Corporation (each a “Series A Warrant”) is being temporarily reduced. Each Series A Warrant is exercisable for 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $2.5668 per Series A Warrant (or $5.75 per whole share of Common St
May 09, 2022 05:42 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2022 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) reported total net sales of $94.4 million for the three months ended March 31, 2022, compared to $86.8 million for the three months ended March 31, 2021. The increase is primarily attributable to higher sales for the Forged and Cast Engineered Products segment due to higher pricing and surcharges passed through to customers driven by higher raw material, energy and transportation costs, and a higher volume of forged engineered products shipments to the steel distribution and oil and gas markets. This increase was
Apr 26, 2022 08:46 am ET
Ampco-Pittsburgh (NYSE: AP) First Quarter 2022 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, May 10, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2022.
Mar 31, 2022 07:40 am ET
Ampco-Pittsburgh (NYSE: AP) Subsidiary Announces Customer Contract Win; Sees Significant Growth in Total Backlog
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced that the Buffalo Air Handling Division (“Buffalo Air Handling”) of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of the Corporation, has received a $9.6 million order for a custom air handling unit project for a major healthcare provider located in the southeastern United States.
Mar 30, 2022 07:42 am ET
Ampco-Pittsburgh Corporation Explores Financing Alternatives
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) announced today that it is exploring the possibility of obtaining incremental capital. The Corporation is considering, among other alternatives for equity financing, amending its outstanding Series A warrants to adjust either, or both of, the exercise price or the number of shares of the Corporation’s common stock for which such Series A warrants may be exercised. Ampco-Pittsburgh intends to test the waters to evaluate potential forms of financing to help fund working capital growth opportunities, address rising
Mar 16, 2022 09:19 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2021 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $84.5 million and $344.9 million for the three and twelve months ended December 31, 2021, compared to $87.0 million and $328.5 million for the three and twelve months ended December 31, 2020, respectively. Full year 2021 sales exceeded the prior year by 5%, principally due to higher demand from the steel distribution and oil and gas markets for forged engineered products. The decrease in sales for the three months ended December 31, 2021, compared to prior year is attributable to the Air and Liquid Processing segment, which was impa
Mar 02, 2022 04:41 pm ET
Ampco-Pittsburgh (NYSE: AP) Fourth Quarter and Fiscal Year 2021 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Wednesday, March 16, 2022, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2021.
Feb 11, 2022 04:38 pm ET
Ampco-Pittsburgh Appoints Three Independent Directors to the Board
Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced that it has appointed three independent directors to its Board of Directors (the “Board”), two of whom were appointed in connection with an agreement with Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), a shareholder which currently owns approximately 5.6% of the Corporation’s outstanding shares. Frederick D. DiSanto and Darrell L. McNair will join the Board as members of the class of directors to be elected at the 2023 Annual Meeting of the Corporation’s shareholders, effecti
Dec 20, 2021 04:21 pm ET
Ampco-Pittsburgh (NYSE: AP) Announces Appointment of New Leadership for Air & Liquid Systems Corporation
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) today announced the appointment of David G. Anderson as President of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of Ampco-Pittsburgh, effective January 1, 2022. Mr. Anderson succeeds Terrence W. Kenny, who has served as Air & Liquid Systems’ President since 2010 and has announced his retirement.
Nov 29, 2021 04:28 pm ET
Ampco-Pittsburgh Subsidiary Announces Customer Contract Win
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that the Buffalo Pumps Division (“Buffalo Pumps”) of Air & Liquid Systems Corporation (“Air & Liquid Systems”), a wholly-owned subsidiary of the Corporation, has been selected by Fincantieri Marinette Marine (“FMM”) to supply centrifugal pumps to be used in the construction of first-in-class, guided-missile frigates for the U.S. Navy.
Nov 08, 2021 04:32 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) to Present at the 13th Annual Southwest IDEAS Investor Conference on November 17th
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, Texas.
Nov 04, 2021 07:47 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2021 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $81.2 million and $260.4 million, respectively, for the three and nine months ended September 30, 2021, compared to $75.7 million and $241.5 million for the three and nine months ended September 30, 2020, respectively. The increase is primarily attributable to higher sales of forged engineered products to the steel distribution and energy markets and higher sales of cast rolls for hot strip mills.
Nov 03, 2021 04:50 pm ET
Ampco-Pittsburgh Subsidiaries to Increase Price on Forged and Cast Rolls
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast roll products that it and its subsidiaries produce globally. This increase is effective immediately on all orders.
Oct 25, 2021 04:33 pm ET
Ampco-Pittsburgh Subsidiary to Increase Price on Forged Engineered Products
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel” or “the Corporation”), will raise prices on its forged engineered products (FEP). This increase is effective immediately on all new orders received as of October 25, 2021, or as relevant contract terms permit. The Corporation will also implement an alloy and energy surcharge on all orders shipping on or after January 1, 2022.
Oct 21, 2021 04:29 pm ET
Ampco-Pittsburgh (NYSE: AP) Third Quarter 2021 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, November 4, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2021.
Aug 16, 2021 04:21 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) to Present Virtually at the 12th Annual Midwest IDEAS Investor Conference on August 26th
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the virtual Midwest IDEAS Investor Conference on August 26, 2021.
Aug 09, 2021 05:09 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2021 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $92.4 million and $179.2 million, respectively, for the three and six months ended June 30, 2021, compared to $74.8 million and $165.8 million for the three and six months ended June 30, 2020, respectively. The increase is primarily attributable to higher shipments of mill rolls and higher shipments of forged engineered products.
Jul 26, 2021 05:57 pm ET
Ampco-Pittsburgh (NYSE: AP) Second Quarter 2021 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, August 10, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2021.
Jul 01, 2021 04:30 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Closing of Amended and Restated Credit Facility
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it has entered into an amended and restated credit agreement (the "Credit Facility") consisting of a $100 million, five-year asset-backed revolving line of credit with a $30 million accordion feature.
Jun 07, 2021 04:45 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) to Present Virtually at the 11th Annual East Coast IDEAS Investor Conference on June 16th
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the virtual East Coast IDEAS Investor Conference on June 16, 2021.
May 10, 2021 05:23 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) to Present at the G.research May Microcap Symposium
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the G.research May Microcap Symposium on May 18, 2021.
May 07, 2021 08:34 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2021 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net sales of $86.8 million for the three months ended March 31, 2021, compared to $91.1 million for the three months ended March 31, 2020. The decrease is primarily attributable to lower shipments of mill rolls than pre-pandemic levels, offset in part by higher shipments of forged engineered products.
Apr 26, 2021 04:28 pm ET
Ampco-Pittsburgh (NYSE: AP) First Quarter 2021 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Friday, May 7, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2021.
Mar 18, 2021 08:12 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2020 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net income for the three and twelve months ended December 31, 2020, of $2.2 million, or $0.12 per common share, and $8.0 million, or $0.56 per common share, respectively. By comparison, the Corporation reported net income for the three months ended December 31, 2019, of $3.1 million, or $0.24 per common share, and a net loss of $(21.0) million, or $(1.67) per common share, for the twelve months ended December 31, 2019. For the full year 2019, this includes a loss from discontinued operations, net of tax,
Mar 01, 2021 04:22 pm ET
Ampco-Pittsburgh (NYSE: AP) Fourth Quarter and Fiscal Year 2020 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, March 18, 2021, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2020. The Corporation expects to issue its earnings press release on Wednesday, March 17, 2021.
Nov 19, 2020 06:45 am ET
Sidoti Virtual Microcap Investor Conference
NEW YORK, NY / ACCESSWIRE / November 19, 2020 / Sidoti & Company, LLC proudly releases the presentation schedule, with weblink click-throughs, for today's Virtual Microcap Investor Conference.
Nov 16, 2020 05:19 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2020 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or “Ampco-Pittsburgh”) reported net income for the three and nine months ended September 30, 2020, of $1.0 million, or $0.07 per diluted share, and $5.8 million, or $0.43 per diluted share, respectively. By comparison, the Corporation incurred a net loss of $(5.1) million, or $(0.40) per diluted share, and $(24.1) million, or $(1.91) per diluted share, for the same periods of the prior year which respectively included losses of $(0.27) and $(0.72) per diluted share from discontinued operations.
Nov 06, 2020 02:28 pm ET
Ampco-Pittsburgh Third Quarter 2020 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Tuesday, November 17, 2020, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2020. The Corporation expects to issue its earnings press release on Monday, November 16, 2020.
Oct 28, 2020 04:28 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) to Present at November 2020 Sidoti Virtual Microcap Conference
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the Sidoti Virtual Microcap Conference on November 19, 2020.
Oct 06, 2020 04:29 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Issues Open Letter to Shareholders from CEO
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or "Ampco-Pittsburgh") announced today that it issued an open letter to its shareholders to thank those who participated in the recent equity rights offering and to clarify the terms of the Series A Warrants. The full text of the letter follows:
Sep 22, 2020 04:44 pm ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Closing of Rights Offering
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or "Ampco-Pittsburgh") announced today the closing of its previously announced rights offering. At closing, the Corporation delivered up to 5,507,889 shares of the Corporation's common stock (the "Common Shares") and 12,339,256 Series A warrants for total gross proceeds of $19,278,854, excluding any proceeds that may be received by the Corporation from the future exercise of the Series A warrants.
Sep 21, 2020 07:39 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Expiration of Rights Offering; Raised Approximately $19.3 Million in Gross Proceeds
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today that the subscription period of its previously announced rights offering expired on Friday, September 18, 2020, at 5:00 PM Eastern Time (the “Expiration Time”), and these rights are no longer exercisable.
Sep 17, 2020 07:46 am ET
Ampco-Pittsburgh Corporation (NYSE: AP) Announces 93% Subscription for its Rights Offering and Extension of Expiration Date to Friday, September 18, 2020
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today that it has received $18,557,202.89 of subscriptions (approximately 93% subscribed) for its up to $20 million rights offering. Approximately 7%, or $1,442,797.11, remains available. In order to accommodate right holders who wish to subscribe for additional units, Ampco-Pittsburgh is extending the expiration of its previously announced rights offering two business days to 5:00 PM Eastern Time on Friday, September 18, 2020 (the “Extended Expiration Time”). The rights offering was previously schedule
Sep 10, 2020 08:11 am ET
Ampco-Pittsburgh Corporation Reminds Shareholders of Approaching Rights Offering Expiration
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) reminds its rights holders of upcoming deadlines and essential details of its previously announced rights offering. The rights offering will expire on Wednesday, September 16, 2020, at 5:00 PM Eastern Time (the “Expiration Time”), unless extended. Rights holders will need to exercise their subscription rights prior to the Expiration Time to receive the Units in this rights offering.
Aug 18, 2020 08:23 am ET
Ampco-Pittsburgh Corporation Rights Offering Subscription Period Begins
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today it has commenced the subscription period for its previously announced rights offering. The rights offering will remain open from Tuesday, August 18, 2020, until 5:00 PM Eastern Time on Wednesday, September 16, 2020, unless extended. Rights holders will need to exercise their subscription rights prior to Wednesday, September 16, 2020, at 5:00 PM Eastern Time to receive the Units in this rights offering.
Aug 13, 2020 07:50 am ET
Ampco-Pittsburgh Corporation Announces Pricing of Units and Series A Warrants for its Rights Offering
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) today announced the pricing of the units and Series A warrants being offered as part of its previously announced $20.0 million rights offering (the “rights offering”). The rights offering will allow Ampco-Pittsburgh’s shareholders of record as of August 17, 2020, to purchase up to 12,800,795 units. Units consist of shares of common stock (the “Common Shares”) and Series A warrants to purchase Common Shares, which expires on August 1, 2025. The subscription price for units entitling participants in the rights offe
Aug 05, 2020 05:10 pm ET
Ampco-Pittsburgh Corporation Announces Second Quarter 2020 Results
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation”) reports net income for the three and six months ended June 30, 2020, of $0.7 million, or $0.05 per share, and $4.8 million, or $0.38 per share, respectively. By comparison, the Corporation incurred a net loss of $(3.9) million, or $(0.31) per share, and $(19.0) million, or $(1.52) per share, for the same periods of the prior year which respectively included a $(0.27) and $(0.45) per share loss from discontinued operations.
Aug 03, 2020 04:35 pm ET
Ampco-Pittsburgh Corporation Confirms Calendar for Proposed Rights Offering
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today it is confirming the below calendar for its proposed rights offering (“rights offering”). Ampco-Pittsburgh is planning to commence the rights offering to raise up to $20 million of capital to accelerate its restructuring efforts, improve its overall liquidity, reduce its indebtedness, and for other general corporate purposes.
Jul 23, 2020 10:15 am ET
Ampco-Pittsburgh Second Quarter 2020 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, August 6, 2020, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2020.
Jul 22, 2020 10:35 am ET
CORRECTING and REPLACING Ampco-Pittsburgh Corporation Announces Tentative Calendar for Proposed Rights Offering
Third paragraph, third sentence of release should read: through 5:00 PM ET, Wednesday, September 16, 2020 (instead of through 5:00 PM ET Friday, Wednesday, September 16, 2020).
Jul 21, 2020 05:11 pm ET
Ampco-Pittsburgh Corporation Announces Tentative Calendar for Proposed Rights Offering
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation”) announced today the tentative calendar for its previously proposed rights offering (“rights offering”). The Corporation is planning to commence the rights offering to raise capital to accelerate its restructuring efforts, improve its overall liquidity, reduce its indebtedness, and for other general corporate purposes.
Jun 26, 2020 09:24 am ET
Ampco-Pittsburgh Corporation Files Registration Statement for Proposed Rights Offering to its Shareholders
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation”) announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a proposed rights offering in which it plans to distribute to its shareholders non-transferable subscription rights to purchase up to $20.0 million of units. Each unit will consist of shares of common stock (the “Common Shares”) and warrants to purchase Common Shares.
Jun 16, 2020 04:31 pm ET
Ampco-Pittsburgh Corporation to Present at June 2020 Sidoti Microcap Virtual Conference
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation”) announced today that it would be presenting at the Sidoti Inaugural Microcap Virtual Conference on June 30, 2020.
Jun 02, 2020 04:30 pm ET
Ampco-Pittsburgh Corporation Explores Potential Rights Offering
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation”) announced today that it is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders (as of a future record date) of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock (“Shares”) and potentially other securities. The Corporation is considering offering any or all of the following securities: common stock, dividend yielding preferred stock, warrants and/or dividend yielding convertible preferred stock. The offering of the securities would be mad
May 06, 2020 08:28 am ET
Ampco-Pittsburgh Corporation Announces First Quarter 2020 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reports sales from continuing operations of $91.1 million for the three months ended March 31, 2020, compared to $107.5 million for the three months ended March 31, 2019. The decrease is principally attributable to a lower volume of shipments for the Forged and Cast Engineered Products segment due to weaker demand in the flat rolled steel and oil and gas markets.
Apr 23, 2020 04:31 pm ET
Ampco-Pittsburgh Announces Virtual 2020 Annual Meeting of Shareholders
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its Annual Meeting of Shareholders will be held in a virtual meeting webcast format at 10 a.m. EDT on Thursday, May 7, 2020. Due to the public health impact of the coronavirus pandemic (COVID-19) and to protect the health and safety of Ampco-Pittsburgh shareholders, employees, advisors, directors and others, Ampco-Pittsburgh will not hold an in-person meeting.
Apr 22, 2020 04:30 pm ET
Ampco-Pittsburgh First Quarter 2020 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Wednesday, May 6, 2020, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the first quarter ended March 31, 2020.
Mar 11, 2020 05:10 pm ET
Ampco-Pittsburgh Corporation Announces Fourth Quarter and Full Year 2019 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reports sales from continuing operations for the three and twelve months ended December 31, 2019, of $97.0 million and $397.9 million, respectively, compared to $95.8 million and $419.4 million for the comparable prior year periods. For the quarter, sales benefitted from higher sales of mill rolls and heat exchange coils offset by lower sales of forged engineered products for the oil and gas industry. For the year, sales declined principally due to the lower demand of forged engineered products for the oil and gas industry, which more than offset stronge
Feb 25, 2020 04:22 pm ET
Ampco-Pittsburgh Fourth Quarter and Full Year 2019 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, March 12, 2020, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2019.
Nov 07, 2019 08:20 am ET
Ampco-Pittsburgh Corporation Announces Third Quarter 2019 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reports sales from continuing operations for the three and nine months ended September 30, 2019, of $90.9 million and $300.9 million, respectively, compared to $98.8 million and $323.6 million for the three and nine months ended September 30, 2018, respectively. The decline is principally attributable to lower sales of forged engineered products to the oil and gas industry.
Oct 18, 2019 11:07 am ET
Ampco-Pittsburgh Third Quarter 2019 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Thursday, November 7, 2019, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the third quarter ended September 30, 2019.
Oct 01, 2019 07:21 am ET
Ampco-Pittsburgh Completes Sale of North American Cast Roll Operations
Ampco-Pittsburgh Corporation (NYSE:AP) today announced it completed the sale of its Avonmore, Pennsylvania cast roll manufacturing facility, Akers National Roll, to an affiliate of WHEMCO, Inc. The execution of the purchase agreement was previously announced on May 10, 2019.
Sep 30, 2019 04:28 pm ET
Ampco-Pittsburgh Announces Completed Sale of Canadian Specialty Steel Operations
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the completion of the sale of its Canadian specialty steel subsidiary, ASW Steel Inc. (“ASW”), to Valbruna Canada Ltd., a subsidiary of Acciaierie Valbruna S.p.A., of Vicenza, Italy (“Valbruna”).
Aug 09, 2019 08:40 am ET
Ampco-Pittsburgh Corporation Announces Second Quarter 2019 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales from continuing operations of $102.5 million and $210.0 million for the three and six months ended June 30, 2019, compared to $118.4 million and $224.8 million for the three and six months ended June 30, 2018, respectively. The decline is principally attributable to lower sales of forged engineered products to the oil and gas industry.
Jul 18, 2019 04:24 pm ET
Ampco-Pittsburgh Second Quarter 2019 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Friday, August 9, 2019, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2019.
May 10, 2019 07:58 am ET
Ampco-Pittsburgh Corporation Announces First Quarter 2019 Results and Plan to Exit U.S. Cast Roll Manufacturing Facility
Ampco-Pittsburgh Corporation (NYSE: AP) today reports sales from
continuing operations for the three months ended March 31, 2019, of
$107.5 million compared to $106.4 million for the three months ended
March 31, 2018. The improvement is principally attributable to the Air
and Liquid Processing segment, led by higher sales of air handling units
and centrifugal pumps. For the Forged and Cast Engineered Products
segment, forged and cast roll sales improved, however, sales of forged
engineered products to the oil and gas industry decreased.
Apr 24, 2019 04:26 pm ET
Ampco-Pittsburgh First Quarter 2019 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Friday, May 10, 2019, at 10:30 a.m. Eastern Time (ET) to discuss its
financial results for the first quarter ended March 31, 2019.
Mar 14, 2019 08:31 am ET
Ampco-Pittsburgh Corporation Announces Fourth Quarter 2018 Results and Plan to Sell Canadian Subsidiary
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales from continuing
operations for the three and twelve months ended December 31, 2018, of
$95.8 million and $419.4 million, respectively, compared to $103.6
million and $385.2 million, respectively, for the three and twelve
months ended December 31, 2017. This excludes sales in all periods for
the Corporation’s Canadian subsidiary, ASW Steel Inc. (“ASW”), which has
now been classified as a discontinued operation pursuant to a plan to
sell this business approved during the fourth quarter. The ch
Feb 21, 2019 04:24 pm ET
Ampco-Pittsburgh Fourth Quarter 2018 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Thursday, March 14, 2019, at 10:30 a.m. Eastern Time (ET) to discuss its
financial results for the fourth quarter ended December 31, 2018.
Jan 22, 2019 04:42 pm ET
Ampco-Pittsburgh Announces Appointment of New Leadership for Union Electric Steel
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the appointment
of Samuel C. Lyon as President of Union Electric Steel Corporation
(“Union Electric Steel”), a wholly-owned subsidiary of Ampco-Pittsburgh,
effective February 4, 2019. Mr. Lyon succeeds Rodney Scagline, former
Union Electric Steel President. The Corporation would like to thank Mr.
Scagline for his contributions and leadership during the past seven
years and wishes him the very best in his future endeavors.
Nov 23, 2018 07:55 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Document Security, American Realty Investors, Digirad, GRAVITY Co., Ampco-Pittsburgh, and ChinaNet Online — New Research Emphasizes
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Document Security Systems, Inc. (NYSE:DSS), American Realty Investors,...
Nov 08, 2018 09:25 am ET
Ampco-Pittsburgh Corporation Announces Third Quarter 2018 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales for the three and
nine months ended September 30, 2018, of $112.2 million and $354.7
million, respectively, compared to $103.9 million and $318.0 million,
respectively, for the three and nine months ended September 30, 2017.
The increase is principally attributable to the Forged and Cast
Engineered Products segment.
Nov 05, 2018 08:35 am ET
Ampco-Pittsburgh Corporation Announces Postponement of Proposed Rights Offering
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that it is
postponing a proposed rights offering to its shareholders due to an
improvement in the financial condition of the Corporation and due to
current market conditions.
Nov 01, 2018 04:31 pm ET
Ampco-Pittsburgh Commences Restructuring of Manufacturing Footprint
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that it has
completed a sale of the Vertical Seal division of Akers National Roll
Company (“Vertical Seal”), an indirect subsidiary of Ampco-Pittsburgh,
to Roser Technologies Inc (“RTI”).
Oct 24, 2018 08:47 am ET
Ampco-Pittsburgh Third Quarter 2018 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Thursday, November 8, 2018, at 10:30 a.m. Eastern Time (ET) to discuss
its financial results for the third quarter ended September 30, 2018.
Oct 03, 2018 05:37 pm ET
CORRECTING and REPLACING Ampco-Pittsburgh Corporation Files Registration Statement for Proposed Rights Offering to its Shareholders
Fifth paragraph of release dated Sept. 27, 2018, should read: Questions
about the rights offering may be directed to and, when available, copies
of the prospectus may be obtained from Ampco-Pittsburgh’s Information
Agent, D.F. King, by telephone at (212) 269-5550 (bankers and brokers)
or (800) 290-6432 (all others) or by email at [email protected]
(instead of Questions about the rights offering may be directed to and,
when available, copies of the prospectus may be obtained from
Ampco-Pittsburgh’s In
Sep 28, 2018 04:41 pm ET
Ampco-Pittsburgh Corporation Announces Closing of a Real Estate Sale and Leaseback Transaction and Provides Outlook for Its Third Quarter 2018 Earnings
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that it has
closed on a sale and leaseback transaction, which provided gross
proceeds of $19.0 million, and is providing preliminary estimates of
selected operating results for its third fiscal quarter ending September
30, 2018.
Aug 10, 2018 08:39 am ET
Ampco-Pittsburgh Corporation Announces Second Quarter 2018 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales for the three and
six months ended June 30, 2018, of $127.4 million and $242.5 million,
respectively, compared to $110.6 million and $214.1 million,
respectively, for the three and six months ended June 30, 2017. The
increase is principally attributable to the Forged and Cast Engineered
Products segment.
Jul 26, 2018 08:43 am ET
Ampco-Pittsburgh Second Quarter 2018 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Friday, August 10, 2018, at 10:30 a.m. Eastern Time (ET) to discuss its
financial results for the second quarter ended June 30, 2018.
Jun 25, 2018 08:40 am ET
Ampco-Pittsburgh Announces Appointment of New Chief Executive Officer
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its Board
of Directors has elected J. Brett McBrayer, age 52, as Chief Executive
Officer (CEO) and Director, effective July 1, 2018. Mr. McBrayer
succeeds the Corporation’s current CEO, John S. Stanik, who announced
his impending retirement in October 2017.
May 10, 2018 08:38 am ET
Ampco-Pittsburgh Corporation Announces First Quarter 2018 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported consolidated sales of
$115.1 million for the three months ended March 31, 2018, compared to
$103.5 million for the three months ended March 31, 2017. Higher sales
of forged engineered products to the oil and gas industry was the
primary driver, while sales of forged and cast rolls also increased.
Apr 26, 2018 08:10 am ET
Ampco-Pittsburgh First Quarter 2018 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Thursday, May 10, 2018, at 10:30 a.m. Eastern Time (ET) to discuss its
financial results for the first quarter ended March 31, 2018.
Apr 18, 2018 08:09 am ET
Ampco-Pittsburgh Subsidiaries to Increase Price on Forged and Cast Rolls
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its
subsidiary, Union Electric Steel Corporation (“Union Electric Steel”),
will raise prices on forged and cast roll products that it and its
subsidiaries produce globally. These subsidiaries include the acquired
companies formerly comprising the Åkers Group (“Åkers”). This increase
is effective immediately on all new orders received as of April 18,
2018, or as relevant contract terms permit.
Mar 14, 2018 08:44 am ET
Ampco-Pittsburgh Corporation Announces Fourth Quarter 2017 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales for the three and
twelve months ended December 31, 2017, of $114.4 million and $432.4
million, respectively, compared to $92.1 million and $331.9 million,
respectively, for the three and twelve months ended December 31, 2016.
The current year periods include sales of $10.9 million and $47.2
million, respectively, associated with the November 2016 acquisition of
ASW Steel Inc. (“ASW”), compared to $7.5 million in the prior year
periods. In addition, the Corporation experienced higher sales of
Feb 26, 2018 04:54 pm ET
Ampco-Pittsburgh Fourth Quarter 2017 Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Wednesday, March 14, 2018, at 10:30 a.m. Eastern Time (ET) to discuss
its financial results for the fourth quarter ended December 31, 2017.
Dec 15, 2017 08:12 am ET
Ampco-Pittsburgh Subsidiary Introduces VICTURA™ TwinAlloy™ Steel Rolls
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that its
wholly-owned subsidiary, Union Electric Steel Corporation (“Union
Electric Steel”), has introduced TwinAlloy™ Steel, a new
generation of high-performance grade rolls, with the release of VICTURA™,
the first product in the series.
Nov 06, 2017 08:18 am ET
Ampco-Pittsburgh Corporation Announces Third Quarter 2017 Results
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales for the three and
nine months ended September 30, 2017, of $103.9 million and $318.0
million, respectively, compared to $82.9 million and $239.7 million,
respectively, for the three and nine months ended September 30, 2016.
The current year periods include sales of $8.1 million and $36.4
million, respectively, associated with the November 2016 acquisition of
ASW Steel Inc. (“ASW”). In addition, the Corporation experienced higher
sales of forged engineered products for the oil and gas industr
Nov 03, 2017 08:22 am ET
Ampco-Pittsburgh Subsidiaries to Implement Electrode and Refractory Surcharge
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its
subsidiary, Union Electric Steel Corporation (“Union Electric Steel”),
will implement an electrode and refractory surcharge on all forged rolls
that it and its subsidiaries produce globally. These subsidiaries
include the acquired companies formerly comprising the Åkers Group
(“Åkers”). This temporary surcharge is effective for all orders to be
melted on or after January 1, 2018, and for all new quotes.
Oct 20, 2017 08:20 am ET
Ampco-Pittsburgh Third Quarter Results Conference Call
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on
Monday, November 6, 2017, at 10:30 a.m. Eastern Time (ET) to discuss its
financial results for the third quarter ended September 30, 2017.
Oct 05, 2017 04:22 pm ET
Ampco-Pittsburgh Announces Customer Contract Win
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that its
wholly-owned subsidiary, Union Electric Steel Corporation (“Union
Electric Steel”), has been selected by Zhongwang (Yingkou) High
Precision Aluminum Industry Co., Ltd (“Zhongwang Aluminum”), a leading
Chinese manufacturer of high-end aluminum flat-rolled products, to
supply rolls for their new hot rolling mill installation.
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