Ampco-Pittsburgh Reports Q1 Net Loss, Strong Sales Growth, and $124M in New Orders
AP has more than doubled off its 52-week low of $1.75.
Summary
Ampco-Pittsburgh reported a Q1 net loss but showed strong sales growth, significantly improved operating cash flow, and robust new customer orders, signaling potential operational improvements ahead.
Key Events · Earnings and Guidance · AP
-
Q1 Financial Results
Reported a net loss attributable to Ampco of $0.9 million, or $0.04 per share, for Q1 2026, compared to net income of $1.1 million ($0.06 per share) in the prior-year period. Net sales increased 3.9% to $108.3 million.
-
Strong Customer Orders and Backlog Growth
Received $124 million in new customer orders during Q1, primarily driven by strong demand in the Air & Liquid Processing segment. This led to a sequential increase in backlog to $345.5 million as of March 31, 2026.
-
Improved Operating Cash Flow
Operating cash flow for Q1 2026 was $1.7 million, a significant improvement from a use of $5.3 million in the prior-year period, reflecting a continued focus on working capital management.
-
Segment Performance
The Air and Liquid Processing segment delivered record adjusted operating income, with net sales up 17.3%. The Forged and Cast Engineered Products segment saw net sales decrease 2%, but order trends improved sequentially with stabilizing steel market conditions.
Analysis · AP · Technology
Ampco-Pittsburgh reported a net loss of $0.04 per share for Q1 2026, a significant improvement from the substantial net loss reported for the full year 2025. Despite the loss, the company achieved a 3.9% increase in net sales and a substantial $124 million in new customer orders, driving sequential backlog growth. Operating cash flow also turned positive, indicating improved operational health and potential for a turnaround in profitability as the year progresses.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AP was trading at $10.49 on NYSE in the Technology sector, with a market capitalization of approximately $241.1M. The 52-week trading range was $1.75 to $12.30. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.