AMPCO PITTSBURGH CORP
Business
Ampco-Pittsburgh manufactures highly engineered specialty metal products and customized equipment for industrial applications worldwide. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and forged engineered products for steel mills, oil and gas, and extrusion industries. The Air and Liquid Processing segment manufactures finned tube heat exchange coils, air handling systems, and centrifugal pumps through its Aerofin, Buffalo Air Handling, and Buffalo Pumps divisions. The company operates manufacturing facilities in the United States, Sweden, Slovenia, and maintains equity interests in joint ventures in China.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AMPCO PITTSBURGH CORP's CIK number?
AMPCO PITTSBURGH CORP's SEC CIK number is 0000006176 (6176). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AMPCO PITTSBURGH CORP's SEC filings?
All of AMPCO PITTSBURGH CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AMPCO PITTSBURGH CORP last report earnings?
AMPCO PITTSBURGH CORP (AP) most recently filed an earnings 8-K with the SEC on Jul 9, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-299212). This is AMPCO PITTSBURGH CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is AMPCO PITTSBURGH CORP's most recent earnings 8-K?
AMPCO PITTSBURGH CORP's latest earnings 8-K (Item 2.02) was filed Jul 9, 2026 under accession 0001193125-26-299212. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AMPCO PITTSBURGH CORP's latest earnings 8-K →
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