Orders Surge 32% to $268M in H1, Driven by Record Air Handling Deal
AP has more than doubled off its 52-week low of $1.75.
Summary
Ampco-Pittsburgh booked $268M in customer orders in the first half of 2026, a 32% jump from $204M a year ago. Growth was broad: Forged and Cast Engineered Products rose 25% to $153M, while Air and Liquid Processing climbed 42% to $116M, boosted by the largest air handling equipment order in Buffalo Air Handling's history. This follows a strong Q1 where orders hit $124M, and the Q1 10-Q showed improving cash flow despite a small net loss. The order acceleration suggests demand is strengthening across both segments, with European tariff protections and U.S. Navy programs providing additional tailwinds. The next earnings report will reveal whether this top-line momentum is translating into profitability.
At the time of this announcement, AP was trading at $8.07 on NYSE in the Manufacturing sector, with a market capitalization of approximately $145.7M. The 52-week trading range was $1.75 to $12.81. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.