Ampco-Pittsburgh Reports Q2 2026 Earnings with Improved Profitability
Ampco-Pittsburgh (AP) reported a return to profitability in the second quarter of 2026, posting net income of $1.5 million or $0.07 per diluted share, compared to a prior-year loss of $7.3 million. The improvement was driven by restructuring actions and manufacturing efficiencies across its segments. The company's Air & Liquid Processing segment saw strong performance with 34% growth in adjusted EBITDA year over year due to increased demand for commercial pumps and nuclear heat exchangers, while the Forged and Cast Engineered Products segment improved sequentially despite a sales decline linked to facility closures. Customer orders surged by 50%, reflecting robust demand from data centers, the U.S. Navy, and North American steel markets. Ampco-Pittsburgh's total backlog rose to $385.4 million as it continues to expand capacity through increased capital expenditures. The company also noted that third-quarter results may be impacted by maintenance outages in the U.S. and summer shutdowns in Europe.
Topics: ebitda financial_performance sales_growth