Ampco-Pittsburgh (AP) Reports Q1 EPS of $0.01
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Ampco-Pittsburgh Corporation Announces First Quarter Earnings
May 5, 2015 4:34 PM EDTPITTSBURGH--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) announces sales and net income for the three months ended March 31, 2015 of $65,087,000 and $72,000 or $0.01 per common share, respectively, against sales and net income of $62,913,000 and $78,000 or $0.01 per common share for the same period in 2014. Income from operations for the first three months of 2015 of $502,000 compares to $777,000 for the first three months of 2014. Operating income for 2015 includes a pre-tax curtailment charge of approximately $1,200,000 associated with a partial freezing of the U.S. Defined Benefit Plan but benefited from a pre-tax credit of approximately $750,000 relating to the collection of accounts receivable... More
