Ampco-Pittsburgh Reports Q3 2025 Net Loss of $2.2 Million Amid Increased Sales

Ampco-Pittsburgh Corporation reported its financial results for the third quarter and nine months ended September 30, 2025, revealing a net loss of $2.2 million, or $0.11 per share, compared to a net loss of $2.0 million, or $0.10 per share, in the same period last year. For the nine months, the company recorded a net loss of $8.4 million, or $0.42 per share, compared to a loss of $2.7 million, or $0.13 per share, in the prior year. The increase in losses is attributed to significant exit charges related to the decision to exit operations in the UK, which amounted to approximately $9.8 million for the nine-month period.

Total net sales for the third quarter of 2025 reached $108.0 million, a 12.3% increase from $96.2 million in the same quarter of 2024. For the nine months, net sales increased to $325.4 million from $317.4 million year-over-year. The growth in sales was driven by improved pricing and higher variable-index surcharges, particularly in the Forged and Cast Engineered Products (FCEP) segment, which saw sales rise to $71.5 million from $67.2 million in the prior year. The Air and Liquid Processing (ALP) segment also contributed to the increase, with sales climbing to $36.5 million from $29.0 million.

Operationally, the company faced challenges, particularly in the FCEP segment, which reported a loss from operations of $0.4 million for the third quarter, down from a profit of $2.5 million in the same period last year. This decline was primarily due to the recognition of exit charges and lower volumes of roll shipments. Conversely, the ALP segment reported a profit of $4.2 million, up from $3.1 million, benefiting from increased demand in power generation and military markets.

The company’s balance sheet as of September 30, 2025, showed total assets of $524.4 million, a decrease from $530.9 million at the end of 2024. Current liabilities increased to $135.8 million from $125.2 million, driven by higher accounts payable and accrued payrolls. The company’s cash and cash equivalents stood at $15.0 million, down from $15.4 million at the end of 2024. Ampco-Pittsburgh is actively managing its liquidity and expects to utilize funds from operations and available credit to meet its operational and capital needs.

Looking ahead, Ampco-Pittsburgh is focused on improving profitability in its FCEP segment while navigating the challenges posed by market conditions and the exit from its UK operations. The company is also monitoring geopolitical developments and their potential impact on its business. The management remains optimistic about the long-term prospects, particularly in the ALP segment, where it aims to strengthen its market position and enhance operational efficiencies.