Ampco-Pittsburgh (AP) Reports Q4 adj.-Loss of $0.27/Share
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Ampco-Pittsburgh Announces 2015 Earnings
March 2, 2016 6:12 PM ESTCARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) announces sales for the three and twelve months ended December 31, 2015 of $55,326,000 and $238,480,000, respectively, against $74,587,000 and $272,858,000 for the comparable prior year periods.
Income from operations for the three months ended December 31, 2015 equaled $7,708,000 and included (1) proceeds received from an insurance carrier in rehabilitation of approximately $14,000,000 and (2) costs incurred related to potential acquisitions of approximately $3,000,000. Income from operations for the twelve months ended December 31, 2015 equaled $5,047,000 and included (1) proceeds received from insurance carriers in rehabilitation of approximately $14,333,000, (2) costs incurred related to potential acquisitions of approximately $3,400,000 and (3) charges... More
