Q3 2025 Ampco-Pittsburgh Corp Earnings Call Transcript
Key Points
- Consolidated adjusted EBITDA for the third quarter was $9.2 million, up 35% from the prior year.
- The air and liquid segment achieved its best year-to-date results in history.
- The exit from the UK facility is expected to improve full-year adjusted EBITDA by $7 million to $8 million.
- Year-to-date revenue for the air and liquid segment was nearly 7% above the prior year.
- The company has taken decisive strategic actions to transform and improve profitability, including exiting underperforming assets.
- Net sales for the third quarter of 2025 were $108 million, which, while an increase, still reflects challenges in certain segments.
- The company recorded $3.1 million in non-cash accelerated depreciation and other expenses related to the exit of the UK cast roll business.
- Tariffs on imports from Sweden and Slovenia are affecting costs, with rates as high as 50%.
- The UK facility closure resulted in a net loss attributable to Ampco-Pittsburgh for the three months ended September 30, 2025, of $2.2 million.
- The company faces ongoing challenges from tariff policies impacting customer bases and supply chains.
Welcome to the Ampco-Pittsburgh Corporation third-quarter 2025 earnings results conference call.
(Operator Instructions)
Please note this event is being recorded.
I would now like to turn the conference over to Kim Knox, Corporate Secretary. Please go ahead.
Thank you, Gary, and good morning to everyone joining us on today's 3rd quarter 2025 conference call. Joining me today are Brett McBrayer, our Chief Executive Officer and Mike McAuley, Senior Vice President, Chief Financial Officer, and Treasurer. Also joining us on the call today are Sam Lyon, President of Union Electric Steel Corporation and Dave Anderson, President of Air & Liquid Systems Corporation.
Before we begin, I would like to remind everyone that participants on this call may make statements or comments that are forward-looking. And may include financial projections or other statements of the corporation's plans, objectives, expectations, or intentions. These matters involve certain risks and
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