Ampco-Pittsburgh Q4 Earnings Call Highlights

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MarketBeat

Tue, March 17, 2026 astatine 10:51 AM CDT 10 min read

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  • Management completed removal of underperforming assets successful Q4 and expects those actions to boost adjusted EBITDA by astir $7–8 million annually; consolidated Q4 adjusted EBITDA was $3.2 million (down from $6.0M) portion full-year consolidated adjusted EBITDA improved to $29.2 million.

  • The Air & Liquid Processing conception delivered a grounds twelvemonth with full-year adjusted EBITDA of $15.4 million and beardown early-2026 momentum — bid enactment was up 73% successful Jan–Feb 2026 and U.S. Navy bookings topped $9 million, replacing backlog removed from a canceled frigate program.

  • FCEP posted a GAAP operating nonaccomplishment of $44.7 million chiefly from a $41.4 million deconsolidation complaint tied to the U.K. exit, though it generated $24.4 million of adjusted EBITDA for the year; absorption expects Sweden ramp-up and tariff digestion to normalize orders and amended margins by Q3 2026.

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Ampco-Pittsburgh (NYSE:AP) executives said the institution took large portfolio actions during the 4th fourth of 2025 to region underperforming assets, portion noting aboriginal 2026 booking trends person improved crossed some operating segments.

Chief Executive Officer Brett McBrayer said the institution “initiated and completed the removal of important underperforming assets” and expects those actions to amended adjusted EBITDA by astir $7 cardinal to $8 cardinal annually arsenic the institution emerges from what absorption described arsenic a alloy marketplace slowdown.

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On a consolidated basis, Ampco-Pittsburgh reported adjusted EBITDA of $3.2 cardinal for the 4th quarter, down from $6.0 cardinal successful the prior-year quarter. McBrayer attributed the expected diminution to a intermission successful lawsuit orders successful the Forged and Cast Engineered Products conception pursuing the announcement of caller planetary tariffs. For the afloat year, consolidated adjusted EBITDA was $29.2 million, which absorption said was an betterment from the anterior twelvemonth contempt gross headwinds astatine FCEP during the 2nd fractional of 2025. McBrayer besides said request successful the Air and Liquid Processing conception remained strong, helping that portion present grounds gross and income for 2025.

David Anderson, vice president, main fiscal officer, and president of Air and Liquid Systems Corporation, said 2025 was a “record-breaking year” for the Air and Liquid segment, with caller highs successful gross and adjusted EBITDA.

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