Ampco-Pittsburgh Reports Q3 2026 Profitability and Increased Backlog
Ampco-Pittsburgh (AP) returned to profitability in the third quarter of 2026, reporting net income of $0.5 million ($0.02 per share), a significant turnaround from a $2.2 million loss in the same period last year. Net sales rose 3% to $111.7 million, driven largely by a 17% revenue surge in the Air and Liquid Processing segment due to demand in power generation and marine defense markets. The company's financial health improved through disciplined working capital management, reducing net debt by $19.5 million during the quarter. Total backlog reached $379.5 million, up $50.6 million since the end of 2025. While the Forged and Cast Engineered Products segment saw a 4% revenue decline following the closure of U.K. operations, improved efficiency in its Swedish facility helped drive an increase in adjusted operating income for that division.
Tickers: $AP
Topics: Adjusted EBITDA Backlog Net Income Net Sales Segment Performance