Q2 2026 Ampco-Pittsburgh Corp Earnings Call Transcript

Aug 11, 2026 / 12:30 PM GMT

Release Date Price: $9.8 (+13.03%)

Transcript 8-K10-Q

Key Points

Positve

Net income turned positive at $1.5 million, a significant improvement from a net loss of $7.3 million in the prior year.
Adjusted EBITDA increased 22% year-over-year, with margin expanding 240 basis points to 9.5%.
Customer orders surged 50% year-over-year, and backlog grew to $385.4 million, up $39.9 million from Q1.
Air & Liquid segment achieved record adjusted EBITDA, driven by strong demand from data centers, nuclear power, and the US Navy.
Forge and Cast segment improved adjusted EBITDA by 15% year-over-year, benefiting from tariff protections and higher US steel mill utilization.

Negative

Net sales declined to $102.9 million from $113.1 million in the prior year, primarily due to the UK facility closure.
The company faces normal seasonal maintenance outages in Q3, which could temporarily impact results.
Liquidity remains tight with only $7 million in cash and $29 million undrawn on the credit facility.
Pension income decreased due to a shift to a more conservative investment strategy after reaching fully funded status.
The Forge and Cast segment's sales dropped significantly, with nearly all decline attributed to the exit from the UK facility and AUP distribution business.

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

AP.N - Ampco-Pittsburgh Corp
Q2 2026 Ampco-Pittsburgh Corp Earnings Call
Aug 11, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the AMPCO Pittsburgh Corporation Second Quarter 2026 Earnings Results Conference Call. All participants will be in listen-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, please press star then 1 on your telephone keypad. To withdraw a question, please press star then 2.

Please note this event is being recorded.

I'd now like to turn the conference over to Kim Knox, Corporate Secretary. Please go ahead.

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Unidentified_2 [2]
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