Ampco-Pittsburgh Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:43 pm EST
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Ampco-Pittsburgh Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 99.65 million compared to USD 81.19 million a year ago. Revenue was USD 99.65 million compared to USD 81.19 million a year ago. Net income was USD 0.846 million compared to net loss of USD 1.59 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.08 a year ago.
For the nine months, sales was USD 296.66 million compared to USD 260.41 million a year ago. Revenue was USD 296.66 million compared to USD 260.41 million a year ago. Net income was USD 2.89 million compared to net loss of USD 0.359 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. The Company's segments include Forged and Cast Engineered Products (FCEP) and the Air and Liquid Processing (ALP). The FCEP segment produces forged hardened steel rolls, cast rolls and forged engineered products. Forged hardened steel rolls are used primarily in hot and cold rolling mills by producers of steel, aluminum and other metals. Cast rolls are produced in a variety of iron and steel qualities. The ALP segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation, a subsidiary of the Company. Aerofin produces custom-engineered finned tube heat exchange coils and related heat transfer products for a variety of industries including original equipment manufacturer/commercial, nuclear power generation and industrial manufacturing.
AMPCO-PITTSBURGH CORPORATION 
