Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Ampco-Pittsburgh (AP)
NYSE:AP
Holding AP?
Track your performance easily
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 4.21%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view of Ampco-Pittsburgh's Q3 2024 performance. While there were notable achievements such as backlog growth, improvements in the Air and Liquid Systems, and operational efficiencies in the Forged and Cast Engineered Products segment, these were offset by declines in net sales, increased interest expenses, and a net loss for the quarter. The funding from the U.S. Navy and cash flow improvements are promising, but challenges in foreign exchange and tax provisions remain significant concerns.Company Guidance
During the Ampco-Pittsburgh Corporation Q3 2024 earnings call, the company provided detailed guidance reflecting both challenges and opportunities. Operating income for the quarter was reported at $1.9 million, with a year-to-date operating income of $7 million, despite a 5.9% decline in consolidated net sales to $96.2 million compared to the previous year. The Air and Liquid Processing segment maintained consistent revenue, while the Forged and Cast Engineered Products segment saw a decline in net sales to $67.2 million from $73.6 million the previous year. However, segment income from operations improved to $2.5 million from $1.4 million, attributed to enhanced pricing and operational efficiencies. The company noted an increase in backlog, reaching $383.6 million as of September 30, 2024, driven by higher order intake for mill rolls and favorable foreign exchange impacts. Moreover, the firm highlighted ongoing investments in production capabilities, with $2.9 million in capital expenditures during the quarter. The management reiterated its focus on debt reduction and restructuring to improve shareholder returns, while also anticipating low to mid-single-digit volume growth in 2025 for the Forged and Cast Engineered Products segment.Increased Backlog
The backlog increased for the quarter, particularly due to row orders for the 2025 order book, indicating strong future demand.
Air and Liquid Systems Growth
Year-to-date revenue increased by 13% due to increased shipments and additional manufacturing capacity. Received a significant order from the pharmaceutical market.
Funding from U.S. Navy
Air and Liquid Systems received $4 million additional funding from the U.S. Navy to modernize production equipment.
Forged and Cast Engineered Products Operational Improvements
Segment income increased from $1.4 million in Q3 2023 to $2.5 million in Q3 2024 due to improved pricing and efficiencies.
Net Cash Flow Improvement
Net cash flows provided by operating activities were $10.6 million for the 9 months ended September 30, 2024, compared to a use of $10.3 million in the prior year.
---
AP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.90 | $1.88 | -1.05% |
| Aug 12, 2024 | $1.49 | $1.51 | +1.34% |
| May 14, 2024 | $1.87 | $1.71 | -8.56% |
| Mar 25, 2024 | $2.76 | $2.20 | -20.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Ampco-Pittsburgh (AP) report earnings?
Ampco-Pittsburgh (AP) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Ampco-Pittsburgh (AP) earnings time?
Ampco-Pittsburgh (AP) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AP EPS forecast?
Currently, no data Available
---