Ampco-Pittsburgh (AP) Tops Q3 EPS by 1c, Revenues Miss

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Go back to Ampco-Pittsburgh (AP) Tops Q3 EPS by 1c, Revenues Miss

Ampco-Pittsburgh Corporation (NYSE: AP) Announces Third Quarter 2020 Results

November 16, 2020 5:19 PM EST

Corporation reports EPS of $0.07 per diluted share for Q3 2020 despite continued impact of COVID-19 pandemic on end-market demand, sequentially higher than Q2 2020 EPS. Return to profitability extends for fourth consecutive quarter. $19.3 million gross proceeds from equity offering completed in Q3. Total debt of $32.6 million reduced by $38.3 million (54%) from $70.9 million at December 31, 2019.

CARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or Ampco-Pittsburgh) reported net income for the three and nine months ended September 30, 2020, of $1.0 million, or $0.07 per diluted share, and $5.8... More