Ampco-Pittsburgh (AP) Misses Q1 EPS by 6c
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Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2021 Results
May 7, 2021 8:34 AM EDTPositive earnings continue despite lower pandemic-related sales. Activity increasing in roll and engineered products markets. Continued strong liquidity position. Debt-to-total-capital ratio of 29.2%, nearly half of prior year level.
CARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or Ampco-Pittsburgh) reported net sales of $86.8 million for the three months ended March 31, 2021, compared to $91.1 million for the three months ended March 31, 2020. The decrease is primarily attributable to lower shipments of mill rolls than pre-pandemic levels, offset in part by higher shipments of forged engineered... More
