AMPCO PITTSBURGH CORP Revenue Disclosure
NOTE 17 – REVENUE:
Net sales by geographic area and product line for the years ended December 31, 2023 and 2022 are outlined below. Net sales are attributed to the geographic areas based on the location of the customer. Sales to individual foreign countries were less than 10% of consolidated net sales for each of the years. The majority of foreign sales are attributable to the FCEP segment.
|
|
Net Sales by Geographic Area |
|
|||||
|
|
2023 |
|
|
2022 |
|
||
United States |
|
$ |
243,243 |
|
|
$ |
204,952 |
|
Foreign |
|
|
179,097 |
|
|
|
185,237 |
|
Consolidated total |
|
$ |
422,340 |
|
|
$ |
390,189 |
|
|
|
Net Sales by Product Line |
|
|||||
|
|
2023 |
|
|
2022 |
|
||
Forged and Cast Engineered Products: |
|
|
|
|
|
|
||
Forged and cast mill rolls |
|
$ |
285,577 |
|
|
$ |
256,559 |
|
Forged engineered products |
|
|
18,184 |
|
|
|
42,925 |
|
Total |
|
$ |
303,761 |
|
|
$ |
299,484 |
|
Air and Liquid Processing: |
|
|
|
|
|
|
||
Heat exchange coils |
|
|
45,258 |
|
|
|
31,395 |
|
Air handling systems |
|
|
38,526 |
|
|
|
29,436 |
|
Centrifugal pumps |
|
|
34,795 |
|
|
|
29,874 |
|
Total |
|
$ |
118,579 |
|
|
$ |
90,705 |
|
Consolidated total |
|
$ |
422,340 |
|
|
$ |
390,189 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2023 | Mar 25, 2024 | Showing above |
| 2022 | Mar 21, 2023 | |
| 2021 | Mar 17, 2022 | |
| 2020 | Mar 26, 2021 | |
| 2019 | Mar 16, 2020 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.