Ampco-Pittsburgh Corp (N:AP)
Business Focus: Iron, Steel Mills & Foundries
| 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 |
| 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). |
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