Ampco-Pittsburgh Reports Rising Backlog to $379.5M and Outlines Debt Reduction Strategy
Ampco-Pittsburgh Corporation (AP) reported progress in its strategic goal to strengthen profitability and cash generation during the third quarter of 2026. Despite facing what CEO J. McBrayer described as a seasonally slow period, the company successfully focused on balance sheet management and debt reduction. The company is actively working toward a target of paying down $8 million to $10 million in debt by 2026. This financial discipline is supported by a robust growing backlog, which has reached $379.5 million, providing significant visibility for future revenue streams.
Tickers: $AP
Topics: balance sheet cash generation earnings call quarterly results