Ampco-Pittsburgh Corp (NYSE:AP)

Q1 2025 Ampco-Pittsburgh Corp Earnings Call Transcript

May 13, 2025 / 02:30 PM GMT

Release Date Price: $2.36 (-17.48%)

Transcript 10-Q8-K

Key Points

Positve

Ampco-Pittsburgh Corp (AP) reported earnings per share of $0.06 for Q1 2025, an improvement of $0.20 compared to the prior year quarter.
Adjusted EBITDA for the quarter was $8.8 million, up from $5.1 million in Q1 2024, indicating significant financial improvement.
The Air and Liquid Systems segment achieved the highest order intake in its history, driven by strong demand from the nuclear, military, and pharmaceutical markets.
The company experienced a significant improvement in product mix, particularly in the Air and Liquid Systems segment, contributing to increased operating income.
Total backlog increased by 6% year-over-year, reflecting strong demand across both business segments.

Negative

Net sales for Q1 2025 declined by approximately 5% compared to the same quarter in 2024, primarily due to lower shipments and changes in product mix.
The Forged and Cast Engineered Products segment reported a decrease in net sales from $77.2 million in Q1 2024 to $72.3 million in Q1 2025, driven by lower roll volume and unfavorable exchange rates.
Selling and administrative expenses increased by 5% year-over-year due to inflationary pressures, higher employee-related costs, and professional fees.
Net cash flows used by operating activities were $5.3 million for Q1 2025, reflecting a rise in net working capital.
Despite record order intake, total backlog declined sequentially due to the timing of new orders from larger roll customers.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AP.N - Ampco-Pittsburgh Corp
Q1 2025 Ampco-Pittsburgh Corp Earnings Call
May 13, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the AMCO Pittsburgh Corporation first quarter 2025 earnings results conference call. All participants will be in lesson only mode. Should you need assistance, please signal a conference specialist by pressing the star key, followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, please press star, then 2. Please note this event is being recorded.

I would now like to turn the conference over to Tim Knox, corporate secretary. Please go ahead.

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Unidentified_2 [2]
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