Ampco-Pittsburgh Corp.· AP
🇺🇸 US · MicroBroad USNYSE
- Price
- $8.67
- Day
- +0.81%
- Mkt Cap
- $176.23M
- 52W Range
- $1.75 – $12.81
- Volume
- 118.1K
- Beta
- 1.36
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AP is benefiting from firmer steel demand, rising backlog and restructuring gains, but cyclical markets and inflation remain challenges.
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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (The “Corporation”) announced today that Brett McBrayer, Ampco Chief Executive Officer, David Anderson, Ampco Vice President and Chief Financial Officer and President of Air and Liquid Systems, and Sam Lyon, President of Union Electric Steel, will present at the Sidoti Small-Cap Virtual Investor Conference September 23, 2026. The Corporation's presentation is scheduled to begin at 1:45 pm ET followed by a Q&A session wi.
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Ampco-Pittsburgh is upgraded to Buy as a turnaround accelerates, with demand and backlogs surging, especially in the Air and Liquid Processing segment. Despite rising net debt and thin liquidity, AP's backlog reached $358 million, with a book-to-bill ratio of 1.27x, signaling robust forward demand. Adjusted EBITDA margin improved to 9.49%, and incremental margins in ALP hit 55.4%, supporting reinvestment over debt repayment as the optimal capital allocation.
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