Overview
Ampco-Pittsburgh Q2 net sales rise slightly to $113.1 mln yr/yr
Co reports Q2 operating loss due to $6.8 mln U.K. exit costs
Outlook
Ampco-Pittsburgh expects $5 mln annual income improvement post-U.K. exit
Result Drivers
U.K. EXIT COSTS - $6.8 mln in severance and other costs related to exiting U.K. operations impacted Q2 results
TARIFF IMPACT - Volatility from U.S. tariffs affected roll demand and order intake
SEGMENT PERFORMANCE - Lower margins in FCEP segment reduced adjusted EBITDA, while ALP segment saw improved profitability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| $113.10 mln |
|
Q2 EPS |
| -$0.36 |
|
Q2 Operating Income |
| -$3.10 mln |
|
Press Release: ID:nBw973bpya