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Market Overview

Ampco-Pittsburgh: Q1 Earnings Insights

Share:

Shares of Ampco-Pittsburgh (NYSE:AP) remained unaffected at $3.25 after the company reported Q1 results.

Quarterly Results

Earnings per share increased 333.33% over the past year to $0.28, which beat the estimate of $0.11.

Revenue of $91,063,000 less by 15.29% year over year, which missed the estimate of $103,300,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Ampco-Pittsburgh hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 06, 2020

Webcast URL: https://78449.choruscall.com/dataconf/productusers/ap/mediaframe/36980/indexr.html

Recent Stock Performance

52-week high: $4.92

52-week low: $1.94

Price action over last quarter: Up 1.56%

Company Profile

Ampco-Pittsburgh Corp is a US-based company engaged in manufacturing and selling of engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment.

 

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Posted-In: Earnings News

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