AMPCO PITTSBURGH CORP AP
Ampco-Pittsburgh Corporation (the "Corporation") was incorporated in Pennsylvania in 1929. The Corporation, individually or together with its consolidated subsidiaries, is also referred to herein as the "Registrant." The Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. It operates in two business segments: the Forged and Cast Engineered Products ("FCEP") segment and the Air and Liquid Processing ("ALP") segment. This segment presentation is consistent with how the Corporation's chief operating decision maker evaluates financial performance and makes resource allocation and strategic decisions about the business.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $416.3M | $402.8M | $415.3M | $380.3M | $335.1M | $328.5M | $397.9M | $419.4M | $385.2M | $331.9M |
| R&D | $494.0K | $441.0K | $662.0K | $1.0M | $1.2M | $2.0M | $2.5M | $2.7M | $3.4M | $2.7M |
| SG&A | $52.1M | $54.9M | $50.9M | $43.5M | $46.0M | $45.5M | $53.6M | $58.1M | $60.2M | $58.2M |
| Total operating expenses | $488.6M | $406.1M | $456.9M | $387.4M | $349.7M | $322.1M | $408.8M | $464.3M | $398.9M | $386.4M |
| Operating income | -$54.5M | $12.2M | -$34.6M | $2.8M | -$4.8M | $6.4M | -$10.9M | -$44.9M | -$13.8M | -$54.5M |
| Pre-tax income | -$63.4M | $5.0M | -$39.3M | $5.6M | -$995.0K | $8.7M | -$8.4M | -$43.8M | -$17.4M | -$57.5M |
| Income tax | $120.0K | $2.7M | $1.2M | $1.6M | $2.3M | $470.0K | $2.1M | $268.0K | $1.4M | $22.7M |
| Net income | -$66.1M | $438.0K | -$39.9M | $3.4M | -$3.9M | $8.0M | -$21.0M | -$69.3M | -$12.1M | -$79.8M |
| EPS, basic | -3.28 | 0.02 | -2.04 | 0.18 | -0.20 | 0.56 | -1.67 | -5.57 | -0.98 | -6.68 |
| EPS, diluted | -3.28 | 0.02 | -2.04 | 0.18 | -0.20 | 0.54 | -1.67 | -5.57 | -0.98 | -6.68 |
| Shares, diluted (wtd. avg.) | $20.1M | $19.9M | $19.6M | $19.4M | $19.0M | $14.6M | $12.6M | $12.4M | $12.3M | $12.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.7M | $15.4M | $7.3M | $8.7M | $10.3M | $16.8M | $7.0M | $19.7M | $18.7M | $38.6M |
| Receivables | $79.0M | $70.6M | $78.9M | $72.5M | $68.8M | $60.4M | $81.8M | $69.4M | $81.5M | $72.2M |
| Inventory | $104.4M | $116.8M | $124.7M | $121.7M | $108.7M | $73.2M | $82.3M | $94.2M | $93.5M | $83.6M |
| Total current assets | $239.6M | $236.8M | $236.7M | $231.4M | $208.8M | $171.8M | $193.4M | $227.9M | $240.2M | $221.5M |
| Property, plant and equipment | $129.1M | $148.1M | $158.7M | $155.0M | $158.6M | $162.1M | $166.4M | $185.7M | $204.1M | $214.4M |
| Other intangibles | $4.6M | $4.3M | $4.9M | $5.2M | $6.2M | $7.2M | $7.6M | $9.2M | $11.0M | $11.6M |
| Total assets | $495.4M | $530.9M | $565.7M | $502.8M | $506.0M | $463.2M | $506.6M | $571.1M | $565.6M | $565.9M |
| Accounts payable | $46.3M | $36.3M | $36.8M | $43.2M | $43.1M | $26.7M | $33.3M | $38.9M | $35.4M | $37.1M |
| Short-term debt | — | — | — | — | — | — | — | — | $19.3M | $26.8M |
| Total current liabilities | $130.5M | $125.2M | $116.9M | $116.2M | $125.0M | $105.3M | $124.2M | $167.5M | $144.7M | $144.3M |
| Long-term debt | — | — | — | — | — | — | — | — | $46.8M | $25.4M |
| Total liabilities | $447.4M | $459.8M | $494.1M | $389.4M | $393.8M | $378.2M | $450.9M | $478.1M | $403.8M | $416.1M |
| Retained earnings | -$138.6M | -$72.6M | -$73.0M | -$32.3M | -$35.7M | $11.5M | -$51.3M | -$30.4M | $38.3M | $45.4M |
| Total equity | $32.6M | $58.9M | $71.6M | $112.6M | $112.1M | $96.5M | $55.6M | $93.0M | $161.8M | $149.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.3M | $18.0M | -$3.7M | -$27.2M | -$15.9M | $33.6M | -$3.3M | $6.7M | -$19.0M | -$5.6M |
| Depreciation and amortisation | $21.5M | $18.3M | $17.3M | $17.0M | $17.3M | $17.4M | — | — | — | — |
| Stock-based compensation | $1.4M | $1.5M | $2.1M | $1.7M | $2.4M | $1.3M | $1.4M | $2.1M | $2.4M | $2.3M |
| Capital expenditure | $9.4M | $12.2M | $20.4M | $16.7M | $15.2M | $8.5M | $11.0M | $9.7M | $13.0M | $10.6M |
| Investing cash flow | -$9.2M | -$8.2M | -$19.7M | -$16.3M | -$14.7M | -$7.9M | -$2.7M | -$1.2M | -$11.3M | -$40.9M |
| Financing cash flow | $2.2M | -$1.4M | $21.7M | $42.6M | $24.4M | -$17.2M | -$6.6M | -$3.4M | $8.9M | -$8.9M |
| Dividends paid | — | — | — | — | — | — | — | $35.0K | $2.2M | $5.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-108598.
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