Ampco-Pittsburgh (AP) Reports Q1 Loss of $1.00, Revenues Beat

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Go back to Ampco-Pittsburgh (AP) Reports Q1 Loss of $1.00, Revenues Beat

Ampco-Pittsburgh Corporation Announces First Quarter 2019 Results and Plan to Exit U.S. Cast Roll Manufacturing Facility

May 10, 2019 7:58 AM EDT

CARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) today reports sales from continuing operations for the three months ended March 31, 2019, of $107.5 million compared to $106.4 million for the three months ended March 31, 2018. The improvement is principally attributable to the Air and Liquid Processing segment, led by higher sales of air handling units and centrifugal pumps. For the Forged and Cast Engineered Products segment, forged and cast roll sales improved, however, sales of forged engineered products to the oil and gas industry decreased.

U.S. Cast Roll Divestiture... More