AMPCO PITTSBURGH CORP

Listed Company

APCIK 0000006176NYSENon-AcceleratedSmaller ReportingPumps & Pumping EquipmentPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$434.17M

Net Income

$-66.07M

Total Assets

$495.36M

Equity

$32.64M

Shares Out

20.33M

Op. Cash Flow

$1.34M

Business

AMPCO PITTSBURGH CORP manufactures and sells highly engineered, high‑performance specialty metal products and customized industrial equipment. Its main products include forged hardened steel rolls, cast rolls, forged engineered products, custom finned‑tube heat exchange coils, large air‑handling systems, centrifugal pumps and distribution of tool steels and alloy bar. The company operates two reportable segments — Forged and Cast Engineered Products (FCEP) and Air and Liquid Processing (ALP) — through subsidiaries and joint ventures, including Union Electric Steel, Aerofin, Buffalo Air Handling and Buffalo Pumps. It serves sophisticated commercial and industrial users worldwide, selling through direct sales offices and delivering products via third‑party or customer‑arranged transportation.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	416	403	415	380	335
Total net sales	434	418	422	390	345
Costs of products sold (excluding depreciation and amortization)	354	337	348	328	279
Selling and administrative	52	55	51	44	46
Depreciation and amortization	22	19	18	17	18
Charge (credit) for asbestos related costs, net	12	−4	41	—	—
Deconsolidation Charge (Note 2)	41	—	—	—	—
Severance charge (Note2)	6	—	—	—	—
Loss on disposal of assets	489,000	22,000	−121,000	706,000	361,000
Total operating costs and expenses	489	406	457	387	350
(Loss) income from operations	−54	12	−35	3	−5
Interest expense	−11	−12	−9	−5	−4
Other income - net	2	4	5	8	6
Total other expense - net	−9	−7	−5	3	4
(Loss) income before income taxes	−63	5	−39	6	−995,000
Income tax provision	−120,000	−3	1	−2	−2
Net (loss) income	−64	2	−38	4	−3
Less: Net income attributable to noncontrolling interest	3	2	2	564,000	561,000
Net (loss) income attributable to Ampco-Pittsburgh	−66	438,000	−40	3	−4
Basic (per share)	−3.28	0.02	−2.04	0.18	−0.2
Diluted (per share)	−3.28	0.02	−2.04	0.18	−0.2
Basic (shares)	20	20	20	19	19
Diluted (shares)	20	20	20	19	19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	15	7	9	10
Receivables, less allowance for credit losses of $242 in 2025 and $906 in 2024	79	71	79	72	69
Inventories	104	117	125	122	109
Insurance receivable - asbestos	19	15	15	15	16
Contract assets	10	8	4	5	—
Estimated recovery - UES-UK (Note 2)	8	—	—	—	—
Other current assets	7	9	5	7	5
Total current assets	240	237	237	231	209
Property, plant and equipment, net	129	148	159	155	159
Operating lease right-of-use assets, net	5	5	5	4	4
Insurance receivable - asbestos, less allowance for credit losses of $537 in 2025 and $656 in 2024	108	124	145	91	105
Deferred income tax assets	4	3	3	2	2
Intangible assets, net	5	4	5	5	6
Investments in joint ventures	835,000	2	2	2	2
Prepaid pensions	0	4	5	7	12
Other noncurrent assets	5	4	5	5	7
Total assets	495	531	566	503	506
Accounts payable	46	36	37	43	43
Accrued payrolls and employee benefits	13	17	15	12	16
Debt current portion	16	12	12	12	20
Operating lease liabilities current portion	946,000	878,000	946,000	635,000	641,000
Asbestos liability current portion	28	24	24	23	23
Customer-related liabilities	17	26	20	—	—
Other current liabilities	8	9	8	25	21
Total current liabilities	130	125	117	116	125
Employee benefit obligations	22	28	42	43	62
Asbestos liability	170	183	215	131	157
Long-term debt	118	116	116	93	41
Noncurrent operating lease liabilities	4	4	4	3	3
Deferred income tax liabilities	326,000	450,000	543,000	3	4
Other noncurrent liabilities	3	3	88,000	682,000	1
Total liabilities	447	460	494	389	394
Commitments and contingent liabilities (Note 13)	—	—	—	—	—
Common stock - par value $1; authorized 40,000 shares; issued and outstanding 20,237 shares at December 31, 2025 and 19,980 shares at December 31, 2024	20	20	20	19	19
Additional paid-in capital	179	178	177	176	175
Retained deficit	−139	−73	−73	−32	−36
Accumulated other comprehensive loss	−28	−67	−63	−58	−55
Total Ampco-Pittsburgh shareholders equity	33	59	61	104	103
Noncontrolling interest	15	12	11	9	9
Total shareholders equity	48	71	72	113	112
Total liabilities and shareholders equity	495	531	566	503	506

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deconsolidation Charge	41	—	—	—	—
Non-cash severance charge	6	—	—	—	—
Charge (credit) for asbestos-related costs, net	12	−4	41	−2	7
Deferred income tax (benefit) provision	−1	259,000	−3	468,000	1
Difference between net periodic pension and other postretirement costs and contributions	−7	−11	−7	−9	−7
Stock-based compensation	1	1	2	2	2
Non-cash (benefit) provisions - net	−975,000	253,000	−64,000	−2	2
Sale-leaseback accretion	1	1	1	—	—
Other net	743,000	421,000	−359,000	−729,000	658,000
Receivables	−7	6	−5	−12	−8
Inventories	7	5	−1	−18	−28
Contract assets	−2	−4	479,000	—	—
Other assets	−107,000	−3	283,000	−4	−6
Insurance receivable asbestos	19	18	13	11	13
Asbestos liability	−28	−25	−23	−20	−23
Accounts payable	11	−104,000	−6	2	18
Accrued payrolls and employee benefits	−3	3	3	4	2
Customer-related liabilities	−8	6	3	—	—
Other liabilities	−199,000	3	−13,000	885,000	−4
Net cash flows provided by operating activities	1	18	−4	−27	−16
Purchases of property, plant and equipment	−9	−12	−20	−17	−15
Proceeds from government grants, for purchase of equipment	3	3	—	—	—
Deconsolidation of UES-UK cash on hand	−3	—	—	—	—
Proceeds from sale of property, plant and equipment	207,000	10,000	128,000	17,000	229,000
Purchases of long-term marketable securities	−48,000	−372,000	−99,000	−724,000	−32,000
Proceeds from sale of long-term marketable securities	664,000	1	734,000	1	304,000
Net cash flows used in investing activities	−9	−8	−20	−16	−15
Proceeds from Equipment Term Notes	14	—	—	—	—
Proceeds from revolving credit facility	38	24	33	44	32
Payments on revolving credit facility	−41	−24	−24	−27	−9
Repayment of debt principal	−7	−2	−469,000	−645,000	−864,000
Proceeds from equipment financing facility	—	2	10	6	—
Repayment of related party debt	—	−664,000	−1	−6	−1
Payment of debt issuance costs	−891,000	—	—	—	−485,000
Proceeds from shareholder exercise of warrants	18,000	—	—	193,000	3
Net cash flows provided by (used in) financing activities	2	−1	22	43	24
Effect of exchange rate changes on cash and cash equivalents	943,000	−289,000	234,000	−673,000	−307,000
Net (decrease) increase in cash and cash equivalents	−5	8	−1	−2	−7
Income tax payments (net of refunds)	2	3	2	896,000	2
Interest payments (net of amounts capitalized)	10	10	8	6	3
Purchases of property, plant and equipment in accounts payable	2	1	461,000	994,000	2
Finance lease right-of-use assets exchanged for lease liabilities	499,000	148,000	199,000	1	1
Operating lease right-of-use assets exchanged for lease liabilities	737,000	694,000	2	194,000	199,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro