Ampco-Pittsburgh Reports Record Profit

Ampco-Pittsburgh(NYSE:AP) reported second-quarter 2025 results on Aug. 12, posting a net loss of $7.3 million (GAAP) due to a $6.8 million United Kingdom plant exit charge. Management announced progress winding down United Kingdom operations, strong adjusted EBITDA growth in the Air and Liquid Processing segment both in the quarter and year-to-date, and significant credit facility flexibility, providing clarity for the company’s post-United Kingdom-exit earnings potential and capital structure.The United Kingdom cast roll facility accrues annual operating losses that management expects will abate following consolidation to Sweden; costs tied to the United Kingdom plant comprised nearly the entire $6.8 million expense. The Swedish site is currently underutilized but will see higher volumes as orders are redirected post-closure, helping offset revenue loss. Some product will shift to Sweden, with conversion of rolls to forge rolls totaling $3 million or $4 million, according to management commentary.The closure and asset reallocation are expected to structurally increase segment operating income by at least $5 million annually, representing a material margin expansion for a company with trailing adjusted EBITDA of $16.8 million year-to-date.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool